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May 24, 2021 × LDA paid the award amount to the government in three tranches with the final instalment in October last year India has executed the $7.16 million award issued against French shipping firm Louis Dreyfus Armateurs SAS (LDA) relating to a failed cargo terminal contract at state-owned Kolkata Port Trust. This was confirmed by the government and Foley Hoag LLP, the U.S.-based law firm that acted as the counsel to the Indian government in the arbitration and the subsequent enforcement proceedings. “India has already executed the $7.16 million award issued against LDA in the underlying arbitration through enforcement proceedings in France. LDA has settled the entire amount due under the award,” said Sudhanshu Roy, International Associate at Washington-based Foley Hoag LLP.

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