topic

Arbitration

Business & Tourism

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

Business & Tourism

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

Business & Tourism

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

Business & Tourism

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

Politics

Maldives considered GMR buyout, but lacked funds

22 Apr 2015, 8:19 PM

Business & Tourism

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

16 Apr 2015, 10:25 PM

News In Brief

Government pays GMR US$ 4 million in arbitration fees

20 Jul 2014, 3:21 PM

Business & Tourism

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

25 Jun 2014, 3:52 PM

Business & Tourism

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

21 Jun 2014, 6:17 PM

News In Brief

Civil Court upholds Malaysian arbitration ruling

29 May 2014, 12:24 PM

Politics

Nasheed warns of “imminent sovereign debt crisis”

01 May 2014, 1:40 PM

Politics

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

25 Apr 2014, 4:31 PM

News In Brief

High Court passes regulations on arbitration cases

03 Jan 2014, 12:42 AM

News In Brief

GMR chair expects arbitration proceedings to be concluded by May

19 Dec 2013, 3:10 PM

Business & Tourism

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

06 Oct 2013, 2:30 PM

Politics

Comment: Conspiracy of silence over GMR arbitration

06 Sep 2013, 10:25 AM

Business & Tourism

Maldives government terminates Nexbis agreement, gives 14 days to vacate

06 Aug 2013, 6:02 PM

Politics

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

24 Jun 2013, 5:49 PM

Politics

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

22 Jun 2013, 5:18 PM

Business & Tourism

Government halts transfer of airport operations to MIAL, pending arbitration

10 Jun 2013, 8:48 PM

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