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US court refuses to stay suit in $1.2 billion Devas arbitration award

US court refuses to stay suit in $1.2 billion Devas arbitration award
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UK judge: India trying to undo Devas award, lets firm join enforcement

Devas investors can join effort to enforce arbitral award : UK Judge
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Judge David Waksman of the High Court of Justice on Friday concluded that the application by Devas (Mauritius) Ltd and other investors in the company to join the proceedings was “well founded”, especially since the satellite company has been placed in liquidation in India.
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There is “obvious merit” in allowing investors in Devas Multimedia to join proceedings aimed at enforcing the $1.2 billion arbitral award won by the satellite firm in 2015, a London judge noted last week, while observing what he termed as the steps being taken by India to make the award ineffective. ....

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Antrix asks US court to stop Devas

Antrix asks US court to stop Devas
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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
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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 the satellite firm in 2015, marking the latest in a series of legal challenges mounted by the two parties. ....

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Devas Investors Win Round In $1.3B Award Fight With India

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Devas Investors Win Round In $1.3B Award Fight With India
Law360 (July 12, 2021, 10:12 PM EDT) A London judge has concluded that there is obvious merit in allowing investors in Devas Multimedia Pvt. Ltd. to join ongoing efforts to enforce a $1.3 billion arbitral award that was issued to the Indian satellite company, pointing to actions taken by India to allegedly stymie those efforts.
Judge David Waksman of the High Court of Justice concluded on Friday that the application by CC/Devas (Mauritius) Ltd. and other Devas shareholders, along with subsidiary Devas Multimedia America Inc., to serve their application to join the enforcement proceedings was well-founded, pointing to arguments that India has undertaken a worldwide effort to make. ....

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