UK judge: India trying to undo Devas award, lets firm join enforcement

Devas' investors can join effort to enforce arbitral award : UK Judge
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Synopsis
Judge David Waksman of the High Court of Justice on Friday concluded that the application by Devas (Mauritius) Ltd and other investors in the company to join the proceedings was “well founded”, especially since the satellite company has been placed in liquidation in India.
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There is “obvious merit” in allowing investors in Devas Multimedia to join proceedings aimed at enforcing the $1.2 billion arbitral award won by the satellite firm in 2015, a London judge noted last week, while observing what he termed as the steps being taken by India to make the award ineffective.

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