Cairn had in June filed a 160-page Statement of Claim seeking quashing of the retrospective tax demand on a decade-old on an internal reorganisation of its India unit.
The talc case’s main trial before the World Bank’s international tribunal has been concluded. The decision should be made in one or 1.5 years at the latest.
The settlement stipulates that the arbitration lawsuit has been annulled. ArcelorMittal filed this lawsuit against the Egyptian government 18 months ago before the ICSID.
A battle over plans to build a huge gold mine in Rosia Montana, a Romanian village boasting intact Roman mining shafts and 18th century houses, has moved to an international stage.