Our decision to terminate GMR contract is ‘non-reversible’: Maldives | Deccan Chronicle
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Our decision to terminate GMR contract is ‘non-reversible’: Maldives

PTI | 03rd Dec 2012
Maldives President Mohamed Waheed - AFP
Maldives President Mohamed Waheed - AFP

Male: Unperturbed by the Singapore High Court stay on its termination of Male airport contract given to GMR, Maldives on Monday made it clear that its decision was ‘non-reversible and non-negotiable’ and said no such injunction can be issued against a sovereign state.

 

"The government's decision is very clear. It is non-reversible and non-negotiable. Our decision was based on legal advice we got from our lawyers in UK and Singapore," Maldives President Mohamed Waheed's press secretary Masood Imad told PTI.

 

The Singapore High Court on Monday stayed the Maldives government's decision to terminate the USD 500 million contract awarded to a GMR-led consortium for modernising the Male international airport.

 

Asked about the government's reaction to the Singapore court's order, Imad said, "We believe the judge was incorrect in interpreting the law".

 

He added, "Where compensation is adequate, an injunction cannot be issued. A court cannot issue such an injunction against a sovereign state.

 

"The laws of Singapore and Britain is very clear. It does not permit issuing an injunction where compensation is adequate".

 

The official said Maldives have initiated the arbitration process and ‘GMR will be compensated’.

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