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Latest Articles in Cairn Arbitration

Cairn Arbitration: Govt Confirms French Court Order Against Indian Assets

Minister of State for Finance Pankaj Chaudhary in a written reply to a question in the Rajya Sabha said the government has filed an appeal against an international arbitration tribunal overturning levy of Rs 10,247 crore in back taxes on Cairn Energy.

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FM Sitharaman Says Looking At How Best To Sort Out Cairn Arbitration

Cairn challenged the move before an arbitration tribunal in The Hague, which in December awarded it USD 1.2 billion (over Rs 8,800 crore) plus costs and interest, which totals USD 1.725 billion (Rs 12,600 crore) as of December 2020.

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$1.4 Billion Cairn Arbitration Award: FM Sitharaman Says Its Her Duty To Appeal

The government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the power to levy taxes with retrospective effect.

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