Devas Threatens New Arbitration In Indian $1.3B Award Fight

By Caroline Simson (May 7, 2021, 9:25 PM EDT) -- India has been threatened with a treaty claim by the Mauritius-based shareholders of satellite company Devas Multimedia Pvt. Ltd. over New Delhi's alleged attempts to avoid paying a nearly $1.3 billion arbitral award against a division of the country's space agency.

The shareholders signaled their intent to initiate an investor-state claim against the country in a Thursday notice addressed to Indian Prime Minister Narendra Modi and other government officials, in which they accused the country of "abus[ing] its sovereign powers" by pursuing "multiple, baseless" investigations against Devas.

The investigations have allegedly impeded the satellite company's ability to enforce the massive award,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!