{"id":404138,"date":"2021-03-10T10:39:54","date_gmt":"2021-03-10T05:09:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404138"},"modified":"2021-03-10T11:45:51","modified_gmt":"2021-03-10T06:15:51","slug":"cairn-energy-says-it-has-identified-indian-assets-for-seizing-should-it-be-not-paid","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-energy-says-it-has-identified-indian-assets-for-seizing-should-it-be-not-paid\/","title":{"rendered":"Cairn Energy says it has identified Indian assets for seizing should it be not paid"},"content":{"rendered":"<p>Cairn Energy is pursuing the option to monetise the arbitration award it won against India by potentially transferring the award to third-party fund or pledging Indian assets, the company said in an earnings statement that showed India&#8217;s liability at $1.7 billion.<\/p>\n<p>An arbitration tribunal ruled in favour of Cairn Energy in a six-year-old retrospective tax dispute in December and ordered the Indian government to pay the UK firm damages of $1.2 billion plus interest and cost, which at the<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cairn Energy is pursuing the option to monetise the arbitration award it won against India by potentially transferring the award to third-party fund or pledging Indian assets, the company said in an earnings statement that showed India&#8217;s liability at $1.7 billion. An arbitration tribunal ruled in favour of Cairn Energy in a six-year-old retrospective tax dispute in December and ordered the Indian government to pay the UK firm damages of $1.2 billion plus interest and cost, which at the<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-404138","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404138","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404138"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404138\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}