Arbitral Digest

Matter

CC/Devas (Mauritius) Ltd, Devas Employees Mauritius Private Limited and Telcom Devas Mauritius Limited v Republic of India

Applicable rules
UNCITRAL Arbitration Rules
  1. 25 July 2016Arbitration

    25 July 2016Arbitration

    Award on Jurisdiction and Merits dated 25 July 2016

    Permanent Court of Arbitration

    Decision summary
    The tribunal held that the claimants' claims concerned an investment protected by the India–Mauritius treaty, found the termination attributable to India, partly declined jurisdiction on essential-security grounds, found a partial expropriation and a breach of fair and equitable treatment, and reserved quantification and costs for a later stage.

    Supporting details

    1 authority · 4 participants
    CC/Devas (Mauritius) Ltd
    Devas Employees Mauritius Private Limited
    Telcom Devas Mauritius Limited
    Republic of India
    Permanent Court of Arbitration

    Authorities cited

    1
    • Bilateral Investment Treaty between the Republic of India and the Republic of Mauritius, 4 September 1998
      treaty

    4 years, 2 months and 18 days later · 1541 days

  2. 13 October 2020Arbitration

    13 October 2020Arbitration

    Award on Quantum dated 13 October 2020

    Permanent Court of Arbitration

    Decision summary
    The tribunal valued Devas at USD 740 million and awarded the three claimants compensation corresponding to 40% of that value multiplied by their shareholdings, together with interest and USD 10 million for arbitration costs and fees, subject to the stated no-double-recovery undertaking.

    Supporting details

    1 authority · 4 participants
    CC/Devas (Mauritius) Ltd
    Devas Employees Mauritius Private Limited
    Telcom Devas Mauritius Limited
    Republic of India
    Permanent Court of Arbitration

    Authorities cited

    1
    • Bilateral Investment Treaty between the Republic of India and the Republic of Mauritius, 4 September 1998
      treaty

    3 years, 10 months and 28 days later · 1428 days

  3. 10 September 2024France

    10 September 2024France

    Judgment of the Paris Court of Appeal, International Commercial Chamber, in case RG 24/00151 dated 10 September 2024

    Paris Court of Appeal, International Commercial Chamber

    Decision summary
    The court overturned the 13 February 2024 case-management order in the related appeal against the exequatur order, declared the voluntary interventions of CCDM Holdings LLC, Telcom Devas LLC and Devas Employees Fund US LLC inadmissible, and ordered those companies jointly to pay EUR 80,000 and the procedural costs. It held that the appeal framework for international-arbitration exequatur orders does not permit intervention by non-parties absent express agreement and that the assignees did not thereby acquire the procedural rights of the Mauritius parties.

    Supporting details

    7 authorities · 20 participants
    Republic of India
    Representative
    Matthieu Boccon Gibod (For: Republic of India)
    Representative
    LX Paris-Versailles-Reims (For: Republic of India)
    Representative
    Christophe Von Krause (For: Republic of India)
    Representative
    White & Case LLP (For: Republic of India)
    CC/Devas (Mauritius) Ltd
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Devas Employees Mauritius Private Limited
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Telcom Devas Mauritius Limited
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    CCDM Holdings LLC
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Devas Employees Fund US LLC
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Telcom Devas LLC
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Paris Court of Appeal, International Commercial Chamber
    Other
    Court Reporter
    Najma El Farissi

    Authorities cited

    7
    • French Code of Civil Procedure
      statute
    • French Civil Code
      statute
    • European Convention on Human Rights
      treaty
    • European Court of Human Rights, Mutu and Pechstein v Switzerland, 2 October 2018
      case law
    • French Court of Cassation judgment dated 26 May 2021 (French Court of Cassation judgment, 26 May 2021)
      case law
    • Brussels I bis Regulation
      statute
    • Mauritian Civil Code
      statute
  4. 10 September 2024France

    10 September 2024France

    Judgment of the Paris Court of Appeal, International Commercial Chamber, in case RG 24/00152 dated 10 September 2024

    Paris Court of Appeal, International Commercial Chamber

    Decision summary
    The court overturned the 13 February 2024 case-management order in the related appeal against the exequatur order, declared the voluntary interventions of CCDM Holdings LLC, Telcom Devas LLC and Devas Employees Fund US LLC inadmissible, and ordered those companies jointly to pay EUR 80,000 and the procedural costs. It held that the appeal framework for international-arbitration exequatur orders does not permit intervention by non-parties absent express agreement and that the assignees did not thereby acquire the procedural rights of the Mauritius parties.

    Supporting details

    7 authorities · 20 participants
    Republic of India
    Representative
    Matthieu Boccon Gibod (For: Republic of India)
    Representative
    LX Paris-Versailles-Reims (For: Republic of India)
    Representative
    Christophe Von Krause (For: Republic of India)
    Representative
    White & Case LLP (For: Republic of India)
    CC/Devas (Mauritius) Ltd
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Devas Employees Mauritius Private Limited
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Telcom Devas Mauritius Limited
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    CCDM Holdings LLC
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Devas Employees Fund US LLC
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Telcom Devas LLC
    Representative
    Luca De Maria (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Pellerin - De Maria - Guerre (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Eric Bouffard (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Martin Guermonprez (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Representative
    Gibson, Dunn & Crutcher (For: CC/Devas (Mauritius) Ltd · Devas Employees Mauritius Private Limited · Telcom Devas Mauritius Limited · CCDM Holdings LLC · Devas Employees Fund US LLC · Telcom Devas LLC)
    Paris Court of Appeal, International Commercial Chamber
    Other
    Court Reporter
    Najma El Farissi

    Authorities cited

    7
    • French Code of Civil Procedure
      statute
    • French Civil Code
      statute
    • European Convention on Human Rights
      treaty
    • European Court of Human Rights, Mutu and Pechstein v Switzerland, 2 October 2018
      case law
    • French Court of Cassation judgment dated 26 May 2021 (French Court of Cassation judgment, 26 May 2021)
      case law
    • Brussels I bis Regulation
      statute
    • Mauritian Civil Code
      statute

Matter record

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CC/Devas (Mauritius) Ltd, Devas Employees Mauritius Private Limited and Telcom Devas Mauritius Limited v Republic of India · Matter