30th Mar 2021 20:32
Cairn Energy PLC - Edinburgh-based oil and gas exploration company - Says it has received notice that the Government of India has petitioned the Dutch Court of Appeal to set aside the arbitration award dated December 21, 2020 issued pursuant to the UK-India Bilateral Investment Treaty which was granted unanimously in favour of Cairn as part of long-running tax dispute. Company says it has full confidence in its position.
Current stock price: 171.9 pence
Year-to-date change: 31% lower
By Arvind Bhunjun; [email protected]
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