Indian Court Puts on Hold Arbitration between Amazon, Future

Reuters2022-01-05

An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides.

The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer's attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.

But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while seeking clearances, Future argued there was no legal basis for the arbitration between the two sides to continue.

A two-judge bench of the Delhi High Court on Wednesday agreed with Future's arguments, putting the arbitration proceedings on hold.

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Comments

CHUMOI
2022-01-05
CHUMOI
Ok
男明星
2022-01-05
男明星
🚀🚀
Esther1121
2022-01-05
Esther1121
hi
audreyhutah
2022-01-05
audreyhutah
Like
Jupiter Vibes
2022-01-05
Jupiter Vibes
Like pls thanks
- audreyhutah:
  Ok

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two sides....</p>\n\n<a href=\"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137292357","content_text":"An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides.The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer's attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while 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class=\"title\">\nIndian Court Puts on Hold Arbitration between Amazon, Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-05 19:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides....</p>\n\n<a href=\"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137292357","content_text":"An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides.The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer's attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while seeking clearances, Future argued there was no legal basis for the arbitration between the two sides to continue.A two-judge bench of the Delhi High Court on Wednesday agreed with Future's arguments, putting the arbitration proceedings on 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Future","url":"https://stock-news.laohu8.com/highlight/detail?id=1137292357","media":"Reuters","summary":"An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon","content":"<html><head></head><body><p>An Indian court on Wednesday halted Future Group&#39;s ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency&#39;s suspension of a 2019 deal between the two sides.</p><p>The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer&#39;s attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.</p><p>But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while seeking clearances, Future argued there was no legal basis for the arbitration between the two sides to continue.</p><p>A two-judge bench of the Delhi High Court on Wednesday agreed with Future&#39;s arguments, putting the arbitration proceedings on hold.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indian Court Puts on Hold Arbitration between Amazon, Future</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 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class=\"title\">\nIndian Court Puts on Hold Arbitration between Amazon, Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-05 19:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides....</p>\n\n<a href=\"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137292357","content_text":"An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides.The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer's attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while seeking clearances, Future argued there was no legal basis for the arbitration between the two sides to continue.A two-judge bench of the Delhi High Court on Wednesday agreed with Future's arguments, putting the arbitration proceedings on hold.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008139169,"gmtCreate":1641383340548,"gmtModify":1676533608308,"author":{"id":"3581922885116926","authorId":"3581922885116926","name":"audreyhutah","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"3581922885116926","authorIdStr":"3581922885116926"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008139169","repostId":1137292357,"repostType":4,"repost":{"id":"1137292357","kind":"news","pubTimestamp":1641382866,"share":"https://ttm.financial/m/news/1137292357?lang=en_US&edition=fundamental","pubTime":"2022-01-05 19:41","market":"us","language":"en","title":"Indian Court Puts on Hold Arbitration between Amazon, Future","url":"https://stock-news.laohu8.com/highlight/detail?id=1137292357","media":"Reuters","summary":"An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon","content":"<html><head></head><body><p>An Indian court on Wednesday halted Future Group&#39;s ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency&#39;s suspension of a 2019 deal between the two sides.</p><p>The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer&#39;s attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.</p><p>But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while seeking clearances, Future argued there was no legal basis for the arbitration between the two sides to continue.</p><p>A two-judge bench of the Delhi High Court on Wednesday agreed with Future&#39;s arguments, putting the arbitration proceedings on hold.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indian Court Puts on Hold Arbitration between Amazon, Future</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 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class=\"title\">\nIndian Court Puts on Hold Arbitration between Amazon, Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-05 19:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides....</p>\n\n<a href=\"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137292357","content_text":"An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides.The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer's attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while seeking clearances, Future argued there was no legal basis for the arbitration between the two sides to continue.A two-judge bench of the Delhi High Court on Wednesday agreed with Future's arguments, putting the arbitration proceedings on hold.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":695176648,"gmtCreate":1641383183691,"gmtModify":1676532532436,"author":{"id":"4098932726636920","authorId":"4098932726636920","name":"Jupiter Vibes","avatar":"https://community-static.tradeup.com/news/30c465addeb11075205dfe99e3e805be","vip":1,"crmLevel":11,"crmLevelSwitch":0,"idStr":"4098932726636920","authorIdStr":"4098932726636920"},"htmlText":"Like pls thanks","listText":"Like pls thanks","text":"Like pls thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/695176648","repostId":1137292357,"repostType":4,"repost":{"id":"1137292357","kind":"news","pubTimestamp":1641382866,"share":"https://ttm.financial/m/news/1137292357?lang=en_US&edition=fundamental","pubTime":"2022-01-05 19:41","market":"us","language":"en","title":"Indian Court Puts on Hold Arbitration between Amazon, Future","url":"https://stock-news.laohu8.com/highlight/detail?id=1137292357","media":"Reuters","summary":"An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon","content":"<html><head></head><body><p>An Indian court on Wednesday halted Future Group&#39;s ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency&#39;s suspension of a 2019 deal between the two sides.</p><p>The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer&#39;s attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.</p><p>But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while seeking clearances, Future argued there was no legal basis for the arbitration between the two sides to continue.</p><p>A two-judge bench of the Delhi High Court on Wednesday agreed with Future&#39;s arguments, putting the arbitration proceedings on hold.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indian Court Puts on Hold Arbitration between Amazon, Future</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndian Court Puts on Hold Arbitration between Amazon, Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-05 19:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides....</p>\n\n<a href=\"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://finance.yahoo.com/news/indian-court-puts-hold-arbitration-113428134.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137292357","content_text":"An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc in light of an Indian antitrust agency's suspension of a 2019 deal between the two sides.The U.S. company successfully used the terms of its 2019 investment in a Future unit to block the Indian retailer's attempt to sell retail assets to rival Reliance Industries, alleging breach of certain contracts.But after the antitrust agency suspended the 2019 deal last month citing supression of information by Amazon while seeking clearances, Future argued there was no legal basis for the arbitration between the two sides to continue.A 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