Bank accounts, ships, planes: What all India stands to lose if it fails to pay up Cairn Energy

If India fails to comply, it will fall foul of the New York Convention. "As India is a signatory to the New York Convention, the award can be enforced against Indian assets in numerous jurisdictions around the world for which the necessary preparations have been put in place," says Cairn CEO Thomson's letter to India.

from Energy-Industry-Economic Times https://ift.tt/3aqXDlk