{"id":415850,"date":"2021-05-19T11:57:57","date_gmt":"2021-05-19T06:27:57","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=415850"},"modified":"2021-05-19T11:57:57","modified_gmt":"2021-05-19T06:27:57","slug":"cant-risk-a-mark-of-cairn-foreign-investors-look-for-fair-equitable-business-environment-not-regulatory-uncertainty","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cant-risk-a-mark-of-cairn-foreign-investors-look-for-fair-equitable-business-environment-not-regulatory-uncertainty\/","title":{"rendered":"Can\u2019t risk a mark of Cairn: Foreign investors look for fair &amp; equitable business environment, not regulatory uncertainty"},"content":{"rendered":"<p>The legal dispute between Cairn Energy Plc (CEP) and the Union government has taken an ugly turn with the British oil major filing a lawsuit in New York, seeking to enforce an international arbitral tribunal\u2019s award by seizing assets of Air India.<\/p>\n<p>The move follows a December 2020 ruling by the Permanent Court of Arbitration (PCA) which declared the Indian government\u2019s Rs 10,247 crore tax demand from Cairn Energy inconsistent with the India-UK bilateral investment treaty. In early 2015, the Indian tax authorities slapped a tax demand on Cairn Energy on the grounds it had made capital gains of Rs 24,500 crore in a group reorganisation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The legal dispute between Cairn Energy Plc (CEP) and the Union government has taken an ugly turn with the British oil major filing a lawsuit in New York, seeking to enforce an international arbitral tribunal\u2019s award by seizing assets of Air India. The move follows a December 2020 ruling by the Permanent Court of Arbitration (PCA) which declared the Indian government\u2019s Rs 10,247 crore tax demand from Cairn Energy inconsistent with the India-UK bilateral investment treaty. In early 2015, the Indian tax authorities slapped a tax demand on Cairn Energy on the grounds it had made capital gains of Rs [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-415850","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415850","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=415850"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/415850\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=415850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=415850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=415850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}