25/01/24
An UNCITRAL Tribunal constituted under the Mauritius–India BIT has rendered a Partial Final Award in long-running investor–State proceedings, presided over by former Vice-President of the International Court of Justice, Judge Awn Al-Khasawneh.
The decision has been disclosed in a mandatory stock exchange filing by the successful claimant, Patel Engineering Ltd, which notes that the Tribunal found in favour of Patel Engineering on claims arising from expropriation of a lease in Mauritius and that some $40 million plus interest was awarded against the State as damages for those breaches.
The statement disclosing the award is here.
Salim Moollan KC acted for the successful claimant, Patel Engineering Ltd, instructed by Jai Munim of Bachubhai Munim & Co.
The news has been relayed in the Mauritian press here.
