UK’s Cairn energy weighs Indian asset seizures

摘要

UK upstream frm Cairn Energy has an option to seize Indian overseas assets if Delhi refuses to honour a $1.2bn international arbitration case settled in the company’s favour. The payment was due immediately after the December arbitration award, but Delhi has refused to acknowledge it, nor has it appealed. Prime minister Narendra Modi is seeking foreign investment in India, but has not reversed the previous administration’s regressive tax laws and is contesting every arbitration award.