Arbitration


Hilton ordered to pay US$16m to MP Siyam’s Sun Travels
The judgment comes in spite of a Singaporean arbitration tribunal awarding US$26 million in damages to Hilton for Sun Travel’s abrupt termination of the Irufushi management agreement in May 2013.
11 Mar 2017, 9:00 AM


Maldives to pay US$15m for scrapping Nexbis border control deal
Malaysia-based security firm Nexbis Solutions has won an arbitration award of US$15 million as compensation for the Maldivian government’s termination of a US$39 million border control project.
21 Dec 2016, 9:00 AM


Yameen accused of ‘sullying GMR’s reputation’
Yameen had claimed that GMR only paid MVR16 million to the government a year whilst MACL generated MVR1 billion in the first year after taking over management of the Ibrahim Nasir International Airport in December 2012.
24 May 2016, 9:00 AM


Hilton wins US$24million damages from MP Sun Siyam
Ruling coalition MP and tourism tycoon Ahmed Siyam’s Sun Travel and Tours has been ordered to pay US$24million in damages for the abrupt termination of a tourism contract with Hilton International, the Maldives Independent has learned.
28 Jan 2016, 9:00 AM
Maldives considered GMR buyout, but lacked funds
22 Apr 2015, 8:19 PM


Maldives blames GMR, Axis Bank for sanctions by India after airport takeover
16 Apr 2015, 10:25 PM
Government pays GMR US$ 4 million in arbitration fees
20 Jul 2014, 3:21 PM
Government seeks US$600 million from China and Japan for airport development
25 Jun 2014, 3:52 PM
MDP to sue former President Waheed for defamation, damages over GMR airport deal cancellation
21 Jun 2014, 6:17 PM
Civil Court upholds Malaysian arbitration ruling
29 May 2014, 12:24 PM
Nasheed warns of “imminent sovereign debt crisis”
01 May 2014, 1:40 PM
“Yonder lies the greener pastures”: President Yameen inaugurates investor forum in Singapore
25 Apr 2014, 4:31 PM
High Court passes regulations on arbitration cases
03 Jan 2014, 12:42 AM
GMR chair expects arbitration proceedings to be concluded by May
19 Dec 2013, 3:10 PM
Government targets public share sale in airport operator MACL over next seven days
06 Oct 2013, 2:30 PM
Comment: Conspiracy of silence over GMR arbitration
06 Sep 2013, 10:25 AM
Maldives government terminates Nexbis agreement, gives 14 days to vacate
06 Aug 2013, 6:02 PM
ACC defends report on airport privatisation deal as Sheikh Imran insinuates bribery from GMR
24 Jun 2013, 5:49 PM
GMR compensation claim of US$1.4 billion eclipses annual state budget
22 Jun 2013, 5:18 PM
Government halts transfer of airport operations to MIAL, pending arbitration
10 Jun 2013, 8:48 PM