A Singapore court has dismissed an application by the Singh brothers of Ranbaxy Laboratories Ltd., Malvinder and Shivinder Singh, that sought to set aside a INR35bn ($500m) arbitration award in a case brought about by Daiichi Sankyo Co. Ltd.
Christmas Cheer For Daiichi, Another Win Vs Ranbaxy Brothers
Daiichi Sankyo has secured another favorable ruling in Singapore in a case pertaining to the enforcement of the INR35bn arbitration award against the sparring Singh brothers of Ranbaxy, piling more pressure on the duo. An appeal remains an option.
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