India about to join countries threatened by asset seizures across the world

India is about to join countries including Venezuela in being threatened by asset seizures across the world.
 

Cairn Energy Plc will push authorities to impound Indian assets if the South Asian nation declines to honor an arbitration ruling in a $1.2 billion tax dispute, according to a letter the company sent to the Indian High Commission in the UK An international tribunal last month said India’s tax claim was not valid and asked Prime Minister Narendra Modi’s administration to return the money to Cairn.

While US crude explorer ConocoPhillips has been seeking to recoup $10 billion from Venezuela for years, it’s