News for Cairn Energy PLC (CNE.L)

Finance Minister Nirmala Sitharaman announced the revamping of the model Bilateral Investment Treaty (BIT) to be more investor-friendly in her eighth consecutive Budget speech. She also introduced Jan Vishwas Bill 2.0 to decriminalize over 100 offenses and improve ease of doing business, alongside other regulatory updates and simplified procedures for company mergers.

India has reduced the local remedies period for UAE investors from five years to three years under the new BIT, effective August 31. This treaty includes portfolio investments and protects investors from expropriation and other injustices. It aims to boost bilateral investments, offering an independent forum for dispute settlement via arbitration.

By John Lee. Gulf Keystone Petroleum (GKP) has announced the appointment of two new independent non-executive directors: Catherine Krajicek, who has previously held senior positions at ConocoPhillips, Marathon Oil and Cairn Energy; and, Marianne Daryabegui, formerly at Total, BNP Paribas and Natixis, amongst others. Full statement from GKP: Gulf Keystone, a leading independent operator and

The Prime Minister's Office has tasked the commerce and industry ministry with reviewing the bilateral investment treaty (BIT) template to bolster India's appeal as an investor-friendly destination. The ministry plans to consult experts to address concerns over investor-state dispute resolution, aiming to refine the BIT text to align with India's interests and international norms.

The Prime Minister's Office has directed the commerce ministry to review the existing model text of bilateral investment treaties (BIT) to enhance the ease of doing business. Currently, only seven countries have accepted this model, with many developed nations expressing concerns, particularly regarding dispute resolution provisions.

Sebi's order was based on a complaint from Cairn UK Holdings, which said the company had not received a dividend payout of ₹340.64 crore for its share in Vedanta

India is negotiating bilateral investment treaties to promote foreign investment, but faces challenges in aligning with global practices.

Finance Minister Nirmala Sitharaman said that foreign direct investment (FDI) has doubled during 2014-23 to USD 596 billion compared to the inflow received during 2005-14. While presenting the interim budget, India is negotiating this treaty with countries such as the UK. These investment treaties help in promoting and protecting investments in each other's countries.

Capricorn Energy PLC has come to an agreement regarding the final settlement of subsequent payment terms for the divestment of its interests in the Catcher...

India considers an investment treaty with the UK crucial as the latter is among the top investors in the country. In 2022-23, India received $1.74 billion in foreign direct investment (FDI) from the UK, up from $1.65 billion in the previous financial year. Between April 2000 and March 2023, FDI inflows from the UK amounted to $34.3 billion.

Rockhopper Exploration PLC on Wednesday appointed Simon Thomson as its new non-executive chair, effective from October 1. Current Non-Executive Chair Keith Lough will formally leave the board on... -Today at 03:44 am- MarketScreener

Calgary, Alberta - July 18, 2022 (Newsfile Corp.) (Investorideas.com Newswire) Suncor (TSX: SU) (NYSE: SU) today announced that it has entered into an agreement...

Last year, the government lost two high-profile arbitrations over the levy of taxes on British firms, using legislation that gave it the power to levy taxes with retrospective effect.

Read more about $1.4 bn Cairn arbitration award: Sitharaman says its her 'duty' to appeal on Business Standard. Even though the FM did not make any direct reference to appealing against the Cairn award, she it's her 'duty' to appeal in cases where the nation's sovereign authority to tax is questioned

FM Sitharaman indicated the govt's intent to appeal against an arbitration panel asking India to return $1.4 billion to UK's Cairn Energy, saying it is her 'duty' to appeal in cases where the nation's sovereign authority to tax is questioned

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