Singapore HC stays termination of GMR Male airport contract
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"The
Singapore High Court has passed an injunction against the Maldivian
Airport Company Limited (MACL) and the government from taking any action
based on the November 27 letter," a GMR spokesperson said on Monday.
The MACL, based on the directions of the new Maldivian government, had on 27th November terminated the contract given to GMR in 2010 during the previous regime of President Mohamed Nasheed.
Asked,
if GMR will continue to operate the airport, the company official said,
"We will. The arbitration process will continue on the side".
As per the contract, in case of differences between various parties, the law of either
The
Cabinet Committee on Security, chaired by Prime Minister Manmohan
Singh, took into account the developments surrounding cancellation of
the contract and its possible wider consequences.
Maldivian
President Mohamed Waheed had said the contract was invalid and was
signed under dubious conditions by the Nasheed regime.
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