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3 years ago

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Cairn Energy sues Air India in US to recover $1.7 billion arbitration award

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Cairn Energy sues Air India in US to recover $1.7 billion arbitration award

UK's Cairn Energy Plc has brought a lawsuit in the US to pierce the corporate veil between the Indian government and its owned flag carrier Air India so as to seize its overseas assets to recover $1.7 billion it has been awarded by an international arbitration tribunal for being taxed retroactively.

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Cairn Energy sues Air India in US to recover $1.7 billion arbitration award

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Cairn Energy sues Air India in US to recover $1.7 billion arbitration award

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