Work Area: Telecoms

Mauritian injunction fails to halt treaty claim against India

An UNCITRAL tribunal has ignored a Mauritian court order enjoining investors in insolvent satellite company Devas Multimedia from pursuing their US$640 million treaty claim against India, as the claimants accuse the state of going “scorched earth” since the case was filed.

19 May 2023

Singapore court denies India’s fraud challenge

A Singapore court has allowed Deutsche Telekom to enforce its US$140 million investment treaty award against India over a cancelled satellite deal, dismissing allegations the German company was complicit in fraud.

12 May 2023

Swiss court won't reopen Indian satellite award

A Swiss court has refused to revise a US$132 million investment treaty award won by Deutsche Telekom against India, declining to rule on allegations the award was tainted by illegality.

17 April 2023

Albania fails to reopen ICSID award after criminal convictions

An ICSID tribunal has refused to revise a €110 million award against Albania over the expropriation of a television station despite the subsequent criminal convictions of several of the Italian claimants by the Balkan state’s courts.

04 April 2023

India loses Dutch appeal over treaty award

The Supreme Court of the Netherlands has dismissed India’s bid to set aside an investment treaty award in a bitter saga over a cancelled satellite deal.

03 February 2023

Dos Santos loses final appeal over telecoms award

A company owned by Angolan billionaire Isabel dos Santos has lost a final appeal in the French courts relating to a US$646 million award, failing on arguments that the ICC was wrong to appoint all five members of the tribunal itself or that an arbitrator failed to disclose potential conflicts.

15 November 2022

Brazilian chamber to hear telecoms M&A dispute

Leading telecoms groups Telefónica, América Móvil and TIM have launched arbitration against troubled Brazilian operator Oi to slash the US$3.1 billion price they agreed to pay for its mobile assets.

05 October 2022

Canada BIT award upheld at ICSID

A subsidiary of Russian-owned telecoms group Veon has failed to revive a US$1.8 billion investment treaty claim against Canada – while the state has also failed to partially annul the award.

03 October 2022

Indian airline funds unfrozen in Canada

A Quebec appeal court has unfrozen US$17 million in funds belonging to India’s national flag carrier, finding that the province’s civil code does not permit enforcement against a state-owned company merely because it is an “alter ego” of a debtor state.

22 September 2022

Singapore company announces win against telecoms partner

A Singaporean technology company says it has won a favourable AAA award against its former partner in a Brazilian mobile network.

21 July 2022

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