Raven_Rayes Posted July 8, 2021 Report Share Posted July 8, 2021 https://www.bbc.com/news/business-57742080 UK oil firm Cairn Energy has gained the right to seize Indian state assets in France worth more than €20m (£17m) as part of a long-running tax row. A French tribunal ordered a freeze on about 20 properties in central Paris as Cairn increases pressure on the Indian government over disputed tax claims. Cairn said it wanted an "amicable settlement" in the $1.2bn (£870m) row. Sources said the Indian government would seek "legal remedies" when it received notice from the French court. Edinburgh-based oil and gas exploration firm Cairn Energy is in dispute with the Indian government over a 2014 retrospective tax bill, when the country's tax office seized a 10% stake in Indian operations that Cairn was trying to sell. Cairn took the issue to an international tribunal, which awarded the company $1.7bn in costs and damages in December 2020. The Indian government has appealed against this. Quote Link to comment Share on other sites More sharing options...
Raven_Rayes Posted July 8, 2021 Author Report Share Posted July 8, 2021 sounds awesome. Quote Link to comment Share on other sites More sharing options...
bhaigan Posted July 8, 2021 Report Share Posted July 8, 2021 1 Quote Link to comment Share on other sites More sharing options...
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