After Delhi HC Ruling, What's Next In Amazon Vs Reliance-Future Retail Deal?
India, March 20 -- A legal battle involving two of the world's richest men fighting over a raddled brick and mortar retail chain with a rich legacy seems to be drawing to a close. And after over five months of petitions, hearings, see-sawing interim verdicts and verbal assaults, the US-based ecommerce giant Amazon has gained an important and possibly definitive victory.
On Thursday, the Delhi High Court upheld the Singapore International Arbitration Centre's (SIAC) decision from October 2020, when it had stayed Reliance Retail's acquisition of Future Retail, in response to arbitration proceedings initiated by Amazon.
What Happened?
In August last year, Reliance had agreed to buy Future Group's retail, wholesale, logistics and warehousi...
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