Member Info for NobbyD

Likewise. Many thanks.

https://news.bloombergtax.com/daily-tax-report-international/indias-cairn-settlement-depends-on-vedanta-withdrawing-case-bs

If India think they can line up all the litigants back-to-back I wish them good luck with that! If thats the case, CNE might as well just press on with the appeal which the IG don't have a cat in hells chance of succeeding with. They should also seek reimbursement of the further loss and expense experienced since the award last December and costs involved in seizing assets, and then press on with the job. What's the second hand value of a 787 Dreamliner?

However, I think common sense will prevail with a sensible settlement as the IG know they are on a hiding to nothing. Just my thoughts.

IMO, India is desperately trying to avoid the appeal process because it will CERTAINLY lose and its international credibility will take an enormous hit. (This is bolstered by the fact that they've just changed the law as an admission that it was totally wrong in the first place).

CNE certainly do hold all the cards and the Indian governments incentive to sort this out is to attract foreign investment, which it won't do if private enterprise doesn't have any faith in a government which employs such shoddy practices. Again, its all about international commercial credibility.

I believe that India will need to be seen to negotiate a discount to save some face - however, I also believe that any settlement below $1.5B should go to a shareholder vote.

If I was negotiating India's position, I want to secure an agreement to re-invest the excess above the $1B mark back into the Indian economy. Just my opinion.

The $1B offered by the Indian government is obviously an "opening gambit" and first offer. CNE can afford to wait it out for the appeal to be heard. Personally, I think they should be updating their costs and interest since the arbitration award back in December. IMHO, I think the settlement will be around the $1.5B mark to avoid the appeal process.

Nothing Whitehat, but I'll advise if I do (within the rules of course).

Re the 'alter ego' thing, I believe its a matter of record (Wikipedia) that Air India was nationalised in 1953 and is wholly owned by the Government. I believe the only reason its not yet been privatised is the level of debt it carries.

I dropped CNE Investor Relations a line on Saturday saying complaining of lack of updates on the arbitration situation and that the whole thing needs to be bought to a head. IMO I think the issue also need to be given a much higher media profile - surely CNE has a PR machine?

With regards to seizing assets and given the Indian Government have ambitions to privatise Air India, I wonder if CNE can take out Injunctions to stop assets being sold off? That might be a shot across the bows of the Indian Government!!

Re potential shorting - Maybe what we need is a GameStop type white-knight!

https://www.independent.co.uk/voices/gamestop-shares-reddit-wallstreetbets-b1794077.html