Betamax to appeal to Privy Council
The State Trading Corporation has not submitted any objections to Betamax’s request to the Supreme Court of Mauritius to solicit the Privy Council on Monday.
This means that Betamax can secure the leave from the Supreme Court’s decision to set aside the award. However the presiding Chief Justice has requested an audience to hear oral arguments from both parties in order to be able to make the final call and decide on the amount to be provided by Betamax for the hearing.
This application from Betamax comes after the Supreme Court of Mauritius set aside an award on Friday May 31st. The Singapore International Arbitration Center award stipulated that the State Trading Corporation compensate Betamax in the amount of 4.5 Billion Mauritian Rupees, USD 126 Million, for the cancelation of a contract.