{"id":376145,"date":"2020-09-30T11:56:46","date_gmt":"2020-09-30T06:26:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=376145"},"modified":"2020-09-30T12:50:18","modified_gmt":"2020-09-30T07:20:18","slug":"cairn-seeks-1-4%e2%80%8abillion-damages-from-govt","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-seeks-1-4%e2%80%8abillion-damages-from-govt\/","title":{"rendered":"Cairn seeks $ 1.4\u200abillion damages from govt"},"content":{"rendered":"<p>British oil and gas explorer Cairn Energy Plc on Tuesday said it is seeking $1.4 billion (Rs 10,300 crore) from the Indian government in losses arising from the expropriation of its investments to enforce a retrospective tax demand.<\/p>\n<p>\u201cCairn is seeking full restitution for losses resulting from the expropriation of its investments in India in 2014; continued attempts to enforce retrospective tax measures; and the failure to treat the company and its investments fairly and equitably,\u201d a Cairn Energy spokesperson said in an emailed response to Mint.<\/p>\n<p>Cairn also said that the hearing took place on August 20-31, 2018 in the Hague, with a final hearing in Paris in December 2018. Drafting of the final award with respect to Cairn\u2019s claim under a bilateral investment treaty between India and the UK is ongoing and the arbitral tribunal is expected to issue an award shortly, the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British oil and gas explorer Cairn Energy Plc on Tuesday said it is seeking $1.4 billion (Rs 10,300 crore) from the Indian government in losses arising from the expropriation of its investments to enforce a retrospective tax demand. \u201cCairn is seeking full restitution for losses resulting from the expropriation of its investments in India in 2014; continued attempts to enforce retrospective tax measures; and the failure to treat the company and its investments fairly and equitably,\u201d a Cairn Energy spokesperson said in an emailed response to Mint. Cairn also said that the hearing took place on August 20-31, 2018 in [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[141,130,183],"tags":[],"class_list":["post-376145","post","type-post","status-publish","format-standard","hentry","category-hindustantimes","category-newspapers","category-oil-gas-hindustantimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376145","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=376145"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/376145\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=376145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=376145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=376145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}