{"id":425106,"date":"2021-07-09T09:04:09","date_gmt":"2021-07-09T03:34:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=425106"},"modified":"2021-07-09T10:25:23","modified_gmt":"2021-07-09T04:55:23","slug":"cairn-says-it-has-won-court-order-to-freeze-india-state-assets-in-paris","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cairn-says-it-has-won-court-order-to-freeze-india-state-assets-in-paris\/","title":{"rendered":"Cairn says it has won court order to freeze India state assets in Paris"},"content":{"rendered":"<p>Cairn Energy Plc is closer to seizing Indian state-owned properties in Paris, part of the company\u2019s attempt to recover a $1.2 billion arbitration award it won last year.<\/p>\n<p>A French court froze residential real estate belonging to the Indian government, Cairn said in a statement Thursday. The order affects 20 properties valued at more than 20 million euros ($24 million), it said. <\/p>\n<p>\u201cThis is the necessary preparatory step to taking ownership of the properties and ensures that the proceeds of any sales would be due to Cairn,\u201d Cairn said. It added that its \u201cstrong preference remains an agreed, amicable settlement.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cairn Energy Plc is closer to seizing Indian state-owned properties in Paris, part of the company\u2019s attempt to recover a $1.2 billion arbitration award it won last year. A French court froze residential real estate belonging to the Indian government, Cairn said in a statement Thursday. The order affects 20 properties valued at more than 20 million euros ($24 million), it said. \u201cThis is the necessary preparatory step to taking ownership of the properties and ensures that the proceeds of any sales would be due to Cairn,\u201d Cairn said. It added that its \u201cstrong preference remains an agreed, amicable settlement.\u201d<\/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":[135,130,169],"tags":[],"class_list":["post-425106","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425106","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=425106"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/425106\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=425106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=425106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=425106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}