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December 13, 2017

The UNCITRAL tribunal in Geneva presiding over the arbitration initiated by Deutsche Telekom concludes that India intentionally misled Devas and wrongfully terminated the Devas Agreement, which made the country liable under the Bilateral Investment Treaty with Germany for “failing to provide “fair and equitable treatment” to Deutsche Telekom’s investments.

UNICTRAL Interim Award to Deutsche Telekom. Paragraph 424(b).