Batelco STel issue

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Batelco to Freeze Shiva’s Assets Worldwide to Ensure $212M

Shiva Group has lost in the legal battle against its Indian telecom JV STel’s partner Batelco. Batelco approached the High Court of Justice, Queen’s Bench Division, in the UK on July 16 saying the defendants were in breach of the court’s ruling of June 12 awarding it $212 million. The court asks the Shiva Group to clear the amount by July 26 or Batelco may freeze worldwide assets of Shiva… Read More

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