Ca(ir)n India Fly?
Cairn Energy of the UK has moved to seize Air India’s assets to enforce a $1.2 billion arbitration award it won against a retrospective tax demand by the Indian government. Vyapak Desai, Partner at Nishith Desai Associates, Mukesh Butani, Managing Partner at BMR Legal Advocates, and ET’s Deepshikha Sikarwar explain…
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