New Delhi/Bangalore: Nothwithstanding a Singapore High Court order on Monday staying the termination of GMR’s airport contract, the Maldivian government said it would wrest control of the airport later this week. Maldives called the order a wrong interpretation of law, asserting it would not honour the order.
According to GMR, the contract provided that in case of dispute, either the law of Singapore or the UK would prevail. However, Maldives said no injunction could be issued against a sovereign state and that its decision was “non-reversible and non-negotiable.”
“The High Court of Singapore has granted injunctive relief against the applicability and operations of letter dated November, 27 issued by the ministry of finance and treasury (MoFT), government of Male,” GMR said in a statement.
04/12/12 Financial Express
