GMR-Maldives arbitration to begin mid 2014: Attorney General’s Office
15 Apr 2013, 6:00 PM
Neil Merrett
The Attorney General’s (AG’s) Office has confirmed that an arbitration case concerning the government’s decision to void its concession agreement with Indian Infrastructure giant GMR will begin by the middle of next year.
Deputy Solicitor General Ahmed Usham today told Minivan News that both parties had agreed to commence proceedings by the middle of 2014 and were now waiting on arbitrators to confirm the exact schedule for when their respective cases would be presented.
The initial agreement was reached after representatives for the state and GMR met in London, England on April 10 for a preliminary procedural meeting. A timetable was agreed upon for holding hearings over the cancellation of a US$511 million contract to develop and manage a new terminal at Ibrahim Nasir International Airport (INIA).
Usham said that the hearing in London last week had been focused solely on establishing a timetable for when arbitration will begin proper in Singapore.
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