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Indian court puts on hold arbitration between Amazon, Future

Wednesday, January 5, 2022

NEW DELHI (Reuters) - An Indian court on Wednesday halted Future Group's ongoing arbitration with estranged partner Amazon.com Inc (NASDAQ:AMZN) 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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19-01-2022 14:48:36 (UTC+7)

EUR/USD

1.1351

+0.0026 (+0.23%)

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EUR/USD

1.1351

+0.0026 (+0.23%)

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GBP/USD

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USD/JPY

114.27

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AUD/USD

0.7225

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USD/CAD

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Euro Stoxx 50

4,268.28

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24,127.85

+15.07 (+0.06%)

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Adidas AG

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 EUR/USD1.1351↑ Buy
 GBP/USD1.3623↑ Sell
 USD/JPY114.27↑ Sell
 AUD/USD0.7225↑ Buy
 USD/CAD1.2493↑ Sell
 EUR/JPY129.71↑ Buy
 EUR/CHF1.0395↑ Sell
 Gold1,843.35↑ Buy
 Silver24.240↑ Buy
 Copper4.4545Neutral
 Crude Oil WTI85.31↑ Sell
 Brent Oil87.94↑ Sell
 Natural Gas4.039↑ Sell
 US Coffee C244.00↑ Sell
 Euro Stoxx 504,268.28↑ Buy
 S&P 5004,564.60Neutral
 DAX15,809.72↑ Buy
 FTSE 1007,589.66↑ Buy
 Hang Seng24,127.85↑ Buy
 Small Cap 20002,073.40Neutral
 IBEX 358,774.90↑ Sell
 BASF67.800Buy
 Bayer52.12↑ Sell
 Allianz223.80Buy
 Adidas253.60↑ Sell
 Lufthansa6.820↑ Sell
 Siemens AG144.34↑ Buy
 Deutsche Bank AG11.784Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,115/ 6,155
(0/ 0) # 1,151
SJC HCM6,115/ 6,175
(0/ 0) # 1,171
SJC Hanoi6,115/ 6,177
(0/ 0) # 1,173
SJC Danang6,115/ 6,177
(0/ 0) # 1,173
SJC Nhatrang6,115/ 6,177
(0/ 0) # 1,173
SJC Cantho6,115/ 6,177
(0/ 0) # 1,173
Cập nhật 19-01-2022 14:48:54
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JPY192,29203,55
KRW16,4820,08
Cập nhật lúc 18:53:59 19/01/2022
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