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.

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.

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.

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.

Maldives considered GMR buyout, but lacked funds

Maldives blames GMR, Axis Bank for sanctions by India after airport takeover

Government pays GMR US$ 4 million in arbitration fees

Government seeks US$600 million from China and Japan for airport development

MDP to sue former President Waheed for defamation, damages over GMR airport deal cancellation

Civil Court upholds Malaysian arbitration ruling

Nasheed warns of “imminent sovereign debt crisis”

“Yonder lies the greener pastures”: President Yameen inaugurates investor forum in Singapore

High Court passes regulations on arbitration cases

GMR chair expects arbitration proceedings to be concluded by May

Government targets public share sale in airport operator MACL over next seven days

Comment: Conspiracy of silence over GMR arbitration

Maldives government terminates Nexbis agreement, gives 14 days to vacate

ACC defends report on airport privatisation deal as Sheikh Imran insinuates bribery from GMR

GMR compensation claim of US$1.4 billion eclipses annual state budget

Government halts transfer of airport operations to MIAL, pending arbitration