Cairn Energy Arbitration: Govt to Study Award

Quick Summary

The Indian government has received an arbitration award related to a case brought by Cairn Energy Plc and Cairn UK Holdings Limited. Officials are now meticulously reviewing the award and consulting with legal advisors. Following this thorough examination, a decision will be made on the next steps, which may include pursuing further legal action.

It is stated that the award in the arbitration case under India-UK Agreement for Promotion and Protection of Investments invoked by Cairn Energy Plc and Cairn UK Holdings Limited against Government of India has been passed.

The Government will be studying the award and all its aspects carefully in consultation with its counsels. After such consultations, the Government will consider all options and take a decision on further course of action, including legal remedies before appropriate fora.

FAQ :

The arbitration case was brought by Cairn Energy Plc and Cairn UK Holdings Limited against the Government of India under the India-UK Agreement for Promotion and Protection of Investments.

Yes, it is stated that the award in the arbitration case has been passed.

The government will study the award and all its aspects carefully in consultation with its counsels.

After consultations, the government will consider all options and decide on the further course of action, including legal remedies.

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