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    <title>Final arbitration hearings on India tax demand in Aug: Cairn</title>
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    <description>A multinational oil company initiated investor-state arbitration under the UK-India Bilateral Investment Treaty challenging a retrospective tax assessment and related enforcement measures, alleging unlawful expropriation, denial of fair and equitable treatment, and restrictions on transfer of funds through attachment of its minority shareholding and seizure of dividends, and seeking withdrawal of the tax demand or compensation for the asserted losses; the tribunal scheduled a final hearing with expedited award drafting.</description>
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