US Appeals Court Upholds $562.5 Million Award Against Antrix, ISRO's Commercial Arm
A US appeals court has upheld the jurisdiction of American courts in the long-running Devas Multimedia-Antrix Corporation dispute and affirmed the confirmation of a $562.5 million arbitral award against Antrix, the commercial arm of India’s space programme. However, the US Court of Appeals for the Ninth Circuit did not decide whether the award can ultimately be enforced in the US after Indian…
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- US appeals court upholds $565m award to Devas; setback for Antrix Corp indianexpress.com
