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Articles for Cairn, search results for netherlands

Retro Tax: Cairn drops lawsuits in U.S., U.K.; completing formalities in Paris, Netherlands
2 years, 11 months ago

Retro Tax: Cairn drops lawsuits in U.S., U.K.; completing formalities in Paris, Netherlands

The Hindu  

Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the U.S. and other places and is in the final stages of withdrawing cases in Paris and the Netherlands to get back about ₹7,900 crore that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government …

India Netherlands Tax Court Taxes Indian Crore
Cairn versus India: What lies ahead
3 years, 5 months ago

Cairn versus India: What lies ahead

Live Mint  

Cairn Energy Plc has secured a French court order to freeze Indian assets in France after India challenged an award of over $1.2 billion to Cairn. Cairn began international arbitration in 2015 and won $1.2 billion in damages plus interest and costs last year, totalling more than $1.7 billion. In May 2018, ConocoPhillips got court orders to seize Venezuela’s state …

India France Arbitration Indian Assets Billion Award
Cairn identifies $70 billion Indian assets for seizing to recover amount due from govt
3 years, 7 months ago

Cairn identifies $70 billion Indian assets for seizing to recover amount due from govt

The Hindu  

UK's Cairn Energy has identified $ 70 billion of Indian assets overseas for potential seizure to collect $ 1.72 billion due from the government -- a move if successful will put India in league with Pakistan and Venezuela which faced similar enforcement action over failure to pay arbitration awards. Cairn plans to move courts in the US to Singapore for …

International Arbitration Pakistan Court Assets Venezuela Bse
India’s retrospective taxation blunder is still extracting heavy costs
3 years, 11 months ago

India’s retrospective taxation blunder is still extracting heavy costs

Hindustan Times  

A retroactive law is truly a monstrosity. The tribunal reasoned that India’s decision to retroactively apply the law, without a specific justification, created a new tax burden on a transaction that was not taxable at the time it was carried out, ie. in 2006 In 2012, India amended the Income Tax Act retroactively to overturn the Supreme Court’s decision favouring …

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