SINGAPORE, Dec 6 (Reuters) - A Singapore court ruled in
Maldives' favour on Thursday, overturning an earlier order won
by India's GMR Infrastructure that had suspended the
South Asian state government's decision to cancel its $511
million airport development contract with the company.
A judge at the Singapore Supreme Court ruled in the Maldives
favour, meaning it can go ahead and cancel the contract,
effectively taking control from GMR.
The standoff over the project threatens to cloud foreign
investor sentiment on Maldives, which is seeking overseas cash
for many of its tourism projects. The country terminated an
agreement with GMR last week, rattling its relations with India.
(Reporting by A. Ananthalakshmi)