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Devas Statement on Delhi High Court Set Aside of ICC Award

The following statement can be attributed to Matthew D. McGill, Lead Counsel to Devas Shareholders and Partner at Gibson, Dunn & Crutcher, in response to the Delhi High Court’s Set Aside order of the ICC Award owed to Devas:

“The ruling by the Delhi High Court is a mockery of the international arbitration system and a warning to investors that the Indian judiciary is being weaponized against those who assert their legal rights. The consequence of the Modi government’s short-sighted strategy is yet another arbitration claim that will expose their thuggish behavior before a new international tribunal.

India’s courts are now willing accomplices in the government’s scheme to use baseless fraud allegations and innuendo to evade multiple international arbitration judgments. Devas shareholders will not waver or be deterred from pursuing their rightful claims in every court around the world until the awards are fully satisfied.”