CLB allows international arbitration in Telenor-Unitech case
The Company Law Board has allowed Unitech plea to move a case on a dispute over its telecoms joint venture with Norway's Telenor for international arbitration in Singapore, the Norwegian company said on Thursday.
Unitech last month sought the Company Law Board's approval to move the case to an arbitration panel.
"While (we) will now consider our next legal options, it is very clear that Telenor Group will do all that is necessary to secure the future of Uninor's employees, customers and partners," a Telenor spokesman said in a statement to Reuters.
The joint venture operates under the Uninor brand name.