The government confirmed that a French court has ordered the freezing of certain Indian assets on a petition by Britain’s Cairn Energy, which is seeking to recover USD 1.72 billion arbitration award.
Cairn Energy a affirmé avoir obtenu le droit de « geler » des biens immobiliers appartenant à l’Inde et situés à Paris, dans sa dernière tentative de récupérer 1,7 milliard de dollars qu’elle estime lui être dus par New Delhi.
The Mauritius investors is seeking to get Air India declared an alter ego of India in order to pursue assets of the national carrier as a strategy to enforce arbitration awards against the government.
Devas (Mauritius) Ltd, Telcom Devas Mauritius Ltd and Devas Employees Mauritius Pvt. Ltd are seeking to enforce an international arbitration award they had won in 2015.
L’Union européenne et l’Inde ont convenus de relancer des négociations sur le commerce, la protection des investissements et les indications géographiques.
The European Union and India agreed to resume stalled free-trade negotiations and seek closer cooperation to combat climate change at a virtual summit on Saturday.