Friday, November 30, 2012

GMR takes Maldives airport contract scrap to Singapore High Court


Ibrahim Nasir International Airport (INIA) GMR Group has filed an injunction at the Singapore High Court against the Maldives government decision to annul the contract to run the airport and to stop the government from evicting them within seven days.
During the first hearing of the case, GMR had applied for a temporary order preventing the Maldives government from taking any action against the Indian infrastructure giant in violation of the existing contract.
"GMR had requested for an immediate interim measure. But our lawyers told the court that there were no grounds to issue an temporary stay order today. The hearing ended after the court refused an interim measure in favor of GMR today," an official of the Attorney General's office told Haveeru.
According to the official, the next hearing on the case would be held on Monday.
Meanwhile, after the Civil Court had ruled that GMR cannot charge USD27 from passengers as Airport Development Charge (ADC) and insurance surcharge, the Indian infrastructure giant had taken the case to Singapore arbitration which is still ongoing.
Maldives cabinet had passed to annul the agreement made with GMR Group to operate the INIA for 25 years on Tuesday citing that the contract was "void ab initio" (invalid from the outset).
GMR had been given a notice of seven days by the Maldives government to handover the airport, but the company will receive a 30 day period to remove its assets.
30/11/12 Niumathullah Idhurees/Haveeru Online
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