Cairn Energy seeks $1.4 billion from government in losses from retro tax demand

"The main evidentiary hearing of Cairn's claim under the (UK-India Bilateral Investment) Treaty took place in August 2018 in The Hague with a final hearing in December 2018. All formal hearings and submissions have now been made and the tribunal is in the process of drafting its award," the firm said.

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