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News 12 of 22

US Appeals Court Upholds $565.2M ICC Award Against Antrix Corp: FSIA Arbitration Exception Examined

Target:UPSC GS-IIMPSCTeachingSSC GAPrelims HighMains HighStatic GK Link
15 Aug 2026
~2 min
Source: Indian Express
Key Data:$565.2 million$1.2 billionICC award September 14, 2015August 12, 2026 rulingFSIA arbitration exceptionNew York Convention
Bodies:US Court of Appeals for the Ninth CircuitInternational Chamber of CommerceAntrix CorporationISRODevas MultimediaUS Supreme CourtDelhi High CourtSupreme Court of India
Practice MCQs from today's news ▸
What This Article Covers

1.US appeals court ruled Antrix Corp not immune under FSIA arbitration exception, upholding $565.2M ICC award to Devas Multimedia (now over $1.2B with interest).

2.Key legal issue: Foreign Sovereign Immunities Act (FSIA) arbitration exception allows US courts to enforce awards against foreign state-owned entities if they agreed to arbitration.

3.The dispute originated from a 2005 satellite deal cancelled in 2011, leading to multiple international arbitrations and Indian court proceedings.

The Big Picture
Prelims · HighMains · High

The US Ninth Circuit upheld a $565.2 million ICC arbitration award against ISRO's commercial arm Antrix Corp, rejecting arguments of sovereign immunity under the FSIA. This landmark ruling clarifies the limits of state immunity in commercial arbitration and has significant implications for India's space sector and international investment disputes.

Exam Lens

Quick Exam Facts From News

Award Amount$565.2 million (now over $1.2 billion with interest)
ICC Award DateSeptember 14, 2015
US Court of AppealsNinth Circuit
Key StatuteForeign Sovereign Immunities Act (FSIA)
US Supreme Court DecisionJune 5, 2025 - erred on business presence requirement

1-Minute Revision

  • ›Award Amount: $565.2 million (now over $1.2 billion with interest)
  • ›ICC Award Date: September 14, 2015
  • ›Target this Data: $565.2 million ICC award (now $1.2 billion with interest)
  • ›Target this Nodal Body: Antrix Corporation – commercial arm of ISRO
  • ›Target this Legal Point: FSIA arbitration exception under which US courts assumed jurisdiction

Mastered this topic? Test your knowledge with a full MCQ quiz.

Practice exam-style questions, track your score, and strengthen your recall.

Q1Static LinkageEasy

Which organization is the commercial arm of the Indian Space Research Organisation (ISRO)?

Q2Statement-basedHard

Consider the following statements regarding the Devas-Antrix dispute:

1. The US Court of Appeals for the Ninth Circuit upheld the $565.2 million ICC arbitration award in favour of Devas Multimedia.

2. The US Supreme Court had earlier ruled that a foreign entity must have business presence in the US for US courts to have jurisdiction.

3. The Delhi High Court had set aside the ICC award, and the Supreme Court of India affirmed that decision.

Which of the statements given above is/are correct?

Q3Data-centricMedium

What was the original amount awarded by the International Chamber of Commerce (ICC) in the Devas-Antrix case?

Q4Application/ImpactMedium

What legal principle allowed US courts to exercise jurisdiction over Antrix Corporation despite it being owned by the Government of India?

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