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The Supreme Court of Mauritius has restrained investors in insolvent satellite company Devas Multimedia from pursuing an investment treaty arbitration against India over the state’s alleged efforts to evade enforcement of a US$1.3 billion ICC award.
The Street Journaldvertisement has been published at a time when Sitharaman is in the US to attend the meetings of the G20 Finance Ministers and central bank governors.
Government-run units must firmly uphold their obligations. Contract adherence by the state reflects upon India’s appeal as a safe place to invest and our record clearly needs to improve
A Mala fide full-page ad published in Wall Street Journal is targeted at Prime Minister Narendra Modi, finance minister Nirmala Sitharaman and other key officials. Read all about it here.
Ad accuses Indian authorities of decimating 'the rule of law by weaponising the institutions of the state to settle scores with political and business rivals, making India unsafe for investment'