Indian Court Sets Aside Devas’ US$ 562.5 Million Arbitration Award Against Indian State-Owed Antrix

By Diego Luis Alonso Massa, 5 September 2022

On 29 August 2022, the High Court of Delhi at New Delhi vacated an arbitration award handed down by an ICC Arbitral Tribunal against the Indian state-owned Antrix Corporation Limited (Antrix). The 2014 Award ordered Antrix to pay Devas Multimedia Services Ltd (Devas) US$ 562.5 million compensation plus interest....
URL: https://taobserver.com/news/237/indian-court-sets-aside-devas-us-5625-million-arbitration-award-against-indian-state-owed-antrix