Member Info for wokinpark

in the back of my mind, i do get the negative feeling that the CNE approach is to get $1bn from the arbitration (in INR) and be done with it. they will forgo interest, costs, etc and also accept an instalment basis, say $ 250m every 3 months. my reasoning is that there were reports earlier this year in the Indian press that the amount of $ 1bn was what they were after, i assume with no further tax withheld and also in the most tax efficient manner being routed for the funds to go to CNE from India. also i assume that Finance Ministry officials will bang the drum that they are hamstrung by the new law enacted that does not allow them any leeway on interest, costs, etc. so you either accept the $ 1bn or go and enforce globally. i hope i am wrong but i think CNE shareholders will be disappointed if they were hoping to achieve say $ 1.25bn + as an agreement.

reports CNE execs met Finance Ministry officials with a further meeting(s) planned

newbie here, holding CNE on and off for a while now.

award calculated as $ 1.725bn and accrued interest on $ 6m + 1.375%pa on semi annual basis. this comes to approx $ 1.74bn as at 30/06/21 so when concluded, say 30/09/21 would be roughly $ 1.75bn. the original award was $ 1.223 bn + interest + costs. if i were CNE, i would go for original award + 50% of interest + costs if paid by 31/12/21 or some reasonable instalment basis if they were hard up (!).