Cairn Hits Up Air India For Arbitration Award In Tax Case

Law360 (May 17, 2021, 6:13 PM EDT) -- Britain's Cairn Energy PLC opened a new front in its tax dispute against India by demanding that a U.S. federal court force Air India to pay a $1.26 billion arbitration award the petroleum company won in December.

Air India is controlled by the Indian government so much that they are "alter egos," Cairn said Friday in a complaint filed with the U.S. District Court for the Southern District of New York. The court should hold the airline company liable for the arbitration award, the company said.

The tax dispute stems from the Indian government's retroactive application of a 2012 amendment to...

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