Singapore – Singapore's High Court upheld a US$250 million arbitration award to Malaysian billionaire Ananda Krishnan’s Astro All Asia Networks against its former Indonesian business partner Lippo Group over a failed pay-TV venture. Astro had back in 2005 formed a joint venture with First Media and other affiliates of the Lippo Group to establish a pay-TV business in Indonesia. The joint venture was not concluded, and in 2008 Astro commenced arbitration proceedings in Singapore … [Read more...] about Court upholds Astro’s US$250m arbitration award from Lippo