in international arbitrations. Tensions ratcheted up in July when Cairn seized Indian property in Paris in an effort to start collecting on an award granted by The Hague now worth $1.7 billion. Under the plan, India would drop its claims if companies no longer seek damages.
The government also wouldIf a compromise is agreed, it will help clean up a messy problem that deters investment from overseas. India’s struggling economy could use the help. As rampant official crackdowns cool China’s appeal, it’s a good time for India to be putting its best foot forward. Nintendo can take its game up a level
Source: News Formal (newsformal.com)
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