Government to take GMR agreement termination case to Singapore arbitration

The government of Maldives and GMR have decided to take the case on the termination of the airport-development agreement between Maldives Airports Company Limited (MACL) and GMRto arbitration court in Singapore.

A senior government official told Sun Online today that the case will be filed to Singapore arbitration court sometime today, to determine that the agreement signed in 2010 has been terminated.

MACL has also confirmed to Sun Online that the case will be filed to Singapore arbitration court. MACL said that the case will be filed jointly by the company and the government of Maldives.

No further details have been disclosed yet.

Attorney General Aishath Azima Shakoor said on the day that the agreement was terminated, that the Maldivian government will initiate the process of filing the case for arbitration.

On Wednesday, the government gave GMR seven days to hand over the airport and thirty days to remove their property.

However GMR has said that this notice is against the agreement, and that it will not heed the Maldivian government’s decision.