The applicant ("VSoft") and the respondents ("the claimants") were parties to a dispute which was referred to arbitration in Mauritius.
In an award ("the Award") dated 8 January 2015, the Arbitrator determined the dispute in favour of the claimants. VSoft has been asked to pay to the claimants:
(1) A sum of USD 22,855,741 inclusive of interest as at 12 October 2014 and such sums that may become due as interest as per the Shareholders' Agreement until the date of final payment;
(2) A sum of USD 185,000 as damages; and
(3) A sum of USD 418,639 as costs.
On 25 March 2015, the Supreme Court of Mauritius issued a provisional order for the recognition and the enforcement of the Award.