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Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India Comments Off on Cairn Devises Parallel Strategy To Enforce Arbitration Verdict Against India The retrospective tax feud between the Indian government and UK-based oil and gas major, Cairn Energy, is set to get bitter. Cairn Energy has begun identifying assets of the Indian government to enforce the  $1.2-billion arbitration award it won in December 2020, according to a March 9 investor communiqué from the firm. The firm plans to appeal i...

India to contest $1.4 billion Cairn arbitration award and fight for right to tax India to contest $1.4 billion Cairn arbitration award and fight for right to tax It’s official now. India will file an appeal against the Cairn arbitration award that has asked India to return $1.4 billion to Cairn Energy Plc. Top government sources have said that the process of filing an appeal against the international arbitration panel has begun. advertisement UPDATED: March 11, 2021 09:27 IST Courts in five countries have given recognition to an arbitration award that has asked India to return $1.4 billion ...

Waldorf Production boss says firm in the running for more deals Waldorf Production’s chief executive has said the company remains hot on the trail of more acquisitions after inking a deal to buy stakes in the Catcher and Kraken fields from Cairn Energy. Updated: 10/03/2021, 7:44 am The Bumi-Armada-owned FPSO used to produce from EnQuest's Kraken field Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Waldorf P...

The floating production facility used on the Kraken field East of Shetland Picture: Cairn Energy CAIRN Energy is selling its North Sea production assets for $460 million (£330m) as it shifts investment to Egypt amid the wait for the Indian Government to pay $1.2 billion damages awarded to the firm. The Edinburgh-based oil and gas firm has clinched a deal to sell its stakes in the giant Catcher and Kraken fields off Scotland to a business focused on the North Sea, as the shake-up in the area triggered by the coronavirus crisis continues. A range of firms have sold North Sea assets in re...

India is in the process of filing an appeal against an arbitration panel asking it to return USD 1.2 billion to British oil firm Cairn Energy Plc, sources said on Wednesday. If enforcement proceedings are initiated, India is confident to address them and will strongly defend its interests, the sources said, adding it is open to a constructive settlement of tax disputes within the existing legal framework. India is in the process of filing an appeal in the Cairn's arbitration award case, they said, adding in this case, it was well within India's sovereign powers to redress the situation of ...