Cairn update on proceedings against the Government of India

Cairn update on proceedings against the Government of India

Cairn is announcing an update on its proceedings against the Government of India under the UK-India Bilateral Investment Treaty.


The Arbitral Tribunal has indicated that, whilst it has encountered some difficulties created by the Covid-19 pandemic, it does not expect significant delays and hopes to remain reasonably within the lead-time it had anticipated. Whilst it is not yet able to commit to a specific date for its ruling, it expects a “release of the Award after the end of the summer.”


Cairn continues to have a high level of confidence in the arbitration and is seeking full restitution for losses of more than US$1.4 billion.


Source / More information : Cairn


Report by: OGP/Segun Cole , Please email us your industry related news for publication info@OilAndGasPress.com
Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook

Oil and Gas News Straight from the Source

#FOLLOW US ON INSTAGRAM