Protracted litigation sets bad precedent, says Bid Services' Rory Mackey

South Africa's Bidvest, which decided to sell its stake in Mumbai International Airport Ltd (MIAL) 18 months ago, has not been able to close the transaction due to litigation by partner GVK on right of first refusal (RoFR). Rory Mackey, director of Bid Services Division Mauritius, a Bidvest investment arm, tells Dev Chatterjee from Johannesburg, that this long-drawn litigious process doesn’t set a good precedent for the country as a preferred FDI (foreign direct investment) destination. Edited excerpts: You have been trying to sell stake in MIAL for some time. But the proces.....

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