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US Court Pauses Tax Suit To Allow Cairn To Settle Dispute With India
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute.
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Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
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Air India Asks US Court To Dismiss Cairn Petition, Says It Is Premature
Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the a
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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
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Bill To End Retrospective Tax Passed Amid Opposition Walkout In Parliament
The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.
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Explained: Chronology Of India's Huge U-Turn On Retrospective Tax
The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.
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Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
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'Not Got Order From Any French Court': India On Cairn 'Seizing' 20 Assets
Cairn Energy says a French court has accepted its petition for a freeze on some Indian government properties in Paris as part of its attempts to recover a $1.2 billion arbitration award it won last year.
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French Court Lets Cairn Energy Seize 20 Indian Government Assets: Report
In a setback to India, Britain's Cairn Energy secured a French court order to seize 20 government properties in Paris to recover a part of the USD 1.7 billion due from New Delhi following an arbitration panel overturning levy of retrospective taxes.
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India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy
India has challenged an international arbitration tribunal asking it to return $1.2 billion to UK's Cairn Energy Plc on grounds that it had never agreed to arbitrate over a "national tax dispute", the finance ministry said.
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"Will Defend," Say Government Sources Over Cairn's Air India Takeover Bid
The Indian government is ready to defend any attempt by Cairn Energy to take over its assets including Air India, sources said on Sunday, following reports that the British firm had sued India's flagship carrier to enforce a $1.2 billion arbitration
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Cairn Begins Process To Seize Indian Overseas Assets To Recover $1.7 Billion
UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover USD 1.7 billion it has been awarded by an internationa
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Cairn Energy Sues Air India For $1.2 Billion Arbitration Award: Report
Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.
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India Files Appeal In $1.2 Billion Cairn Arbitration Case: Report
India has appealed against an order by an international tribunal to pay $1.2 billion in damages, plus other costs, to Cairn Energy in a long-running tax dispute, two sources with direct knowledge of the matter told Reuters.
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Opinion: The Retro Tax Was Bad, India. Don't Make It Worse
Back when global investors still believed Prime Minister Narendra Modi would keep his promise to end the previous regime's "tax terror," his newly elected government made a costly error. In March 2015, someone in India's labyrinthine bureaucracy decided to send a revenue demand to U.K.'s Cairn Energy Plc - ruining Chief Executive Officer Simon Thom...
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US Court Pauses Tax Suit To Allow Cairn To Settle Dispute With India
A New York court has paused Cairn Energy's pursuit of US assets of Air India for the recovery of USD 1.2 billion arbitral award, so as to allow the British firm to reach a settlement with the Indian government on the long drawn dispute.
-
Expecting $1.06 Billion Payment From India Within Weeks, Says Cairn CEO
Cairn Energy Plc shareholders can expect a payback of as much as $700 million once the U.K. oil producer settles a long-running tax dispute with India.
-
Air India Asks US Court To Dismiss Cairn Petition, Says It Is Premature
Air India has asked a New York court to dismiss a petition filed by Britain's Cairn Energy for seizure of its assets to enforce $1.2 billion arbitral awards against the Indian government, saying the litigation was premature as an appeal against the a
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Vodafone, Cairn May Drop Tribunal Cases, Says Top Government Officer
India is in talks with Vodafone Group Plc and Cairn Energy Plc to settle long-running tax disputes with them, a top government official said after the nation last week moved to abolish a rule on retrospective taxation scorned by investors.
-
Bill To End Retrospective Tax Passed Amid Opposition Walkout In Parliament
The Parliament on Monday passed a bill that seeks to do away with the contentious retrospective tax provision and will impact retro tax cases of Cairn Energy and Vodafone.
-
Explained: Chronology Of India's Huge U-Turn On Retrospective Tax
The Indian government on Thursday proposed to refund companies in disputes over retrospective tax, including telecoms operator Vodafone and energy giant Cairn, after a string of setbacks in international litigation.
-
Retro Tax Axed To Settle Disputes Worth Billions: 10 Facts
In a huge move to settle international disputes running into billions of dollars, the government on Thursday said it will change tax laws to do away with demands for past payments. Companies like Cairn Energy will get refunds, the government said.
-
'Not Got Order From Any French Court': India On Cairn 'Seizing' 20 Assets
Cairn Energy says a French court has accepted its petition for a freeze on some Indian government properties in Paris as part of its attempts to recover a $1.2 billion arbitration award it won last year.
-
French Court Lets Cairn Energy Seize 20 Indian Government Assets: Report
In a setback to India, Britain's Cairn Energy secured a French court order to seize 20 government properties in Paris to recover a part of the USD 1.7 billion due from New Delhi following an arbitration panel overturning levy of retrospective taxes.
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India Challenges $1.2 Billion Arbitration Award To UK's Cairn Energy
India has challenged an international arbitration tribunal asking it to return $1.2 billion to UK's Cairn Energy Plc on grounds that it had never agreed to arbitrate over a "national tax dispute", the finance ministry said.
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"Will Defend," Say Government Sources Over Cairn's Air India Takeover Bid
The Indian government is ready to defend any attempt by Cairn Energy to take over its assets including Air India, sources said on Sunday, following reports that the British firm had sued India's flagship carrier to enforce a $1.2 billion arbitration
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Cairn Begins Process To Seize Indian Overseas Assets To Recover $1.7 Billion
UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover USD 1.7 billion it has been awarded by an internationa
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Cairn Energy Sues Air India For $1.2 Billion Arbitration Award: Report
Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.
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India Files Appeal In $1.2 Billion Cairn Arbitration Case: Report
India has appealed against an order by an international tribunal to pay $1.2 billion in damages, plus other costs, to Cairn Energy in a long-running tax dispute, two sources with direct knowledge of the matter told Reuters.
-
Opinion: The Retro Tax Was Bad, India. Don't Make It Worse
Back when global investors still believed Prime Minister Narendra Modi would keep his promise to end the previous regime's "tax terror," his newly elected government made a costly error. In March 2015, someone in India's labyrinthine bureaucracy decided to send a revenue demand to U.K.'s Cairn Energy Plc - ruining Chief Executive Officer Simon Thom...
