Federal Judge Enters $1.29B Judgment Against Indian Company In Arbitral Dispute

Mealey's (November 5, 2020, 2:00 PM EST) -- SEATTLE — A federal judge in Washington on Nov. 4 entered judgment in the amount of approximately $1.29 billion related to an arbitral award against a state-owned Indian corporation for breach of a satellite spectrum contract, which the judge confirmed Oct. 27 after finding that the International Chamber of Commerce’s (ICC) appointment of an arbitrator on the state-owned corporation’s behalf after the corporation refused to appoint an arbitrator was not grounds for non-recognition of the award (Devas Multimedia Private Ltd. v. Antrix Corp. Ltd., No. 18-1360, W.D. Wash.)....