Maldives fails to halt SIAC case over lagoon project
The parties had a 50-year agreement to develop reclaimed islands in the Maldives (Credit: Shutterstock/Siraphob Werakijpanich)
UPDATED: A court in Singapore has ruled that a developer can proceed with a US$130 million SIAC claim against the Maldives over a stalled joint venture to reclaim and develop islands and a lagoon in its territory.
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