The BIT Award as to Quantum was made by the UNCITRAL tribunal in The Hague on October 13, 2020, ordering the Government of India to pay the Mauritian shareholders of Devas damages totaling US$ 160 million plus accrued interest, including:
- $50,497,600 as compensation to Plaintiff CC/Devas (owner of 17.06% of the issued share capital of Devas)
- $10,300,800 as compensation to Plaintiff DEMPL (owner of 3.48% of the issued share capital of Devas)
- $50,497,600 as compensation to Plaintiff Telcom Devas (owner of 17.06% of the issued share capital of Devas)
- interest on the above amounts “at a rate of the six-month USD LIBOR + 2 percentage points, compounded semi-annually from February 17, 2011 until the date of full payment”
- $10,000,000 to Plaintiffs for their costs, including legal fees, plus interest at a rate of the six-month USD LIBOR + 2 percentage points compounded semi-annually from the date of the Award until the date of full payment
UNCITRAL Quantum Award to CC/Devas et al. Paragraph 663.
CC/Devas v. Air India. Paragraph 25.