Permanent Court Of Arbitration

Cairn Energy has wrong-footed the government

This comes a month after a tribunal at the Permanent Court of Arbitration in The Hague ordered India to return $1.2 billion to UK's Cairn Energy Plc

The tribunal, in a 582-page judgment on December 21, ordered return of the value of shares that the Income Tax Department sold

The international court's ruling shows that a law amended by India's parliament has remained only on paper

Dutt is a senior partner at DMD advocates, the law firm that represented Vodafone at The Hague

The PCA ruling will test China's assurances of a 'peaceful rise'