Supreme Court upholds Amazon’s SIAC emergency arbitrator award in India
1 September 2021
In a dramatic development, the Supreme Court of India has upheld the validity and enforceability of a SIAC emergency arbitrator award in India and not just any emergency arbitrator award but an emergency arbitrator award in favour of the world’s largest on-line retailer Amazon and against one of India’s biggest retailers, Future Retail Limited. Further the orders of the emergency arbitrator stopped a US$3.4 billion asset sale of Future Retail Limited to the Reliance Industries group.
Read on