Decision to Scrap GMR Contract Non-Reversible: Maldives
send via whatsapp
Unperturbed by the Singapore High Court stay on its termination of Male airport contract given to GMR, Maldives today made it clear that its decision was "non-reversible and non-negotiable" and said no such injunction can be issued against a sovereign state.

"The government's decision is very clear. It is non-reversible and non-negotiable. Our decision was based on legal advice we got from our lawyers in UK and Singapore," Maldives President Mohamed Waheed's press secretary Masood Imad told PTI.

The Singapore High Court today stayed the Maldives government's decision to terminate the USD 500 million contract awarded to a GMR-led consortium for modernising the Male international airport.

Asked about the government's reaction to the Singapore court's order, Imad said, "We believe the judge was incorrect in interpreting the law".

He added, "Where compensation is adequate, an injunction cannot be issued. A court cannot issue such an injunction against a sovereign state.

"The laws of Singapore and Britain is very clear. It does not permit issuing an injunction where compensation is adequate".

The official said Maldives have initiated the arbitration process and "GMR will be compensated".
Emerging story. Watch this space for updates as more details come in
Read More In:

Follow us on Twitter for all updates, like us on Facebook for important and fun stuff
Translate into:
© Copyright PTI. All rights reserved. Republication or redistribution of any PTI content, including by framing or similar means, is expressly prohibited without their prior written consent.
send via whatsapp

Post a Comment
Share your thoughts
You are not logged in, please log in or register
Must See
Daily Mail
Order by

Order by


OUTLOOK TOPICS:    a b c d e f g h i j k l m n o p q r s t u v w x y z  0 1 2 3 4 5 6 7 8 9   
Or just type in a few initial letters of a topic: