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Cairn Energy win long-running tax battle with Indian authorities


It was one of the most spectacular and heart-warming triumphs ever seen in the oil and gas sector.
Cairn Energy, a company set up in 1986 by the Scottish fund management firm Ivory & Sime to invest in the sector, had spent the first decade or so of its life hunting for the big strike that would transform its fortunes.
That hunt took it from the United States to the North Sea to Vietnam and then, eventually, to South Asia.
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The Indian authorities slapped the company with a $1.6bn (£1.2bn) tax demand in 2014
Early successes in Bangladesh were followed in 1996 by an expansion into ....

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