Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile4 entries
2021
Cross-border enforcement proceedings
Cairn pursued enforcement of the arbitral award in multiple jurisdictions. A French court ordered a freeze on Indian government properties in Paris and recognized measures connected with the possible seizure of Air India aircraft.
2021
Cairn Energy sues Air India to enforce arbitration award
Lawsuit filed
Cairn Energy filed a lawsuit against Air India in the U.S. District Court for the Southern District of New York, seeking to make the carrier liable for a $1.2 billion arbitration award in a tax dispute with India.
Stated objective. To enforce the arbitration award and make Air India liable for the judgment.
Source excerpt
Cairn Energy has sued India's flagship carrier Air India to enforce a $1.2 billion arbitration award that it won in a tax dispute against India, according to a U.S. District Court filing reviewed by Reuters.
Cairn filed the lawsuit on Friday in the U.S. District Court for the Southern District of New York, seeking to make Air India liable for the judgement that was awarded to Cairn.
2020
The Hague arbitration award
The Permanent Court of Arbitration at The Hague ruled in favor of Cairn Energy and awarded approximately US$1.7 billion in costs and damages in the tax dispute with India.
2012
Retrospective Indian capital-gains tax dispute
Following the transfer of shares connected with Cairn's Indian assets, the Indian government applied legislation that made certain capital gains involving foreign entities and Indian assets taxable retrospectively. Cairn Energy disputed the resulting tax claim and pursued international arbitration.