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A French court has ordered the freezing of Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a $1.3 billion arbitration award over a cancelled satellite contract, according to the court order copy. The court allowed Devas shareholders to register a "Hypotheque Judiciaire" or a judicial mortgage on a Paris apartment in the posh 16th
Antrix asks US court to stop Devas SECTIONS Share Synopsis Devas had sought the court's assistance in obtaining information needed to enforce the award, and for it to deny Antrix's motion for a protective order PTI Indian Space Research Organisation (ISRO) launches the Brazilian satellite Amazonia-1 from the Satish Dhawan Space Centre in Sriharikota, Sunday, Feb. 28. 2021. (PTI Photo) Antrix Corp, the commercial arm of India’s space agency, has urged a federal court in Washington to block Devas Multimedia’s attempts to track down assets and enforce an $1.2-billion arbitration award won by...
Antrix case: Devas moves US court to enforce The Hague arbitration award January 15, 2021 × Devas Multimedia has filed a petition at a US district court seeking to enforce the damages awarded against ISRO’s commercial arm Antrix Corp by the Permanent Court of Arbitration Tribunal at The Hague. The petition, filed by three investment firms related to Devas, argues that the award can be enforced in the US because India is a signatory to the New York Convention. “By entering into the New York Convention, India waived any immunity it may otherwise possess in relation to an action to enforce ...
ADVERTISEMENT Satellite Co. Investors Seek OK Of $111M Award Against India Law360 (January 13, 2021, 6:45 PM EST) -- A trio of Mauritius-based investors in an Indian satellite company has brought a $111 million arbitral award it won against India following a dispute over a nixed deal to deliver communications services throughout the country to Washington, D.C., for enforcement. Investors CC/Devas (Mauritius) Ltd., Devas Employees Mauritius Private Ltd. and Telcom Devas Mauritius Ltd. urged the D.C. federal court in a Wednesday petition to allow them to begin targeting India's assets to coll...