The Battle Between The Giants Continues: The Conundrum Of ‘Emergency Arbitration' In India

1. From then to now:

Caught up in the grid lock of a massive dispute making headlines every day, Amazon, Future Group and Reliance continue their battle all the way to the Supreme Court of India. Currently in challenge is a retail asset sale worth USD 3.38 billion to Reliance by Future Group, opposed by Amazon on the grounds that the said transaction stands contrary to a Shareholders Agreement ("SHA") that exists between the promoters of Future Group. However, Future Group has straight off denied any wrongdoing and has, in fact, accused Amazon of "interfering" with the transaction without any valid grounds.

The Singapore International Arbitration Centre ("SIAC") put on hold the USD 3.38 billion transaction, being an interim win for Amazon. In other words, Amazon received an 'emergency order' that halted the two companies from proceeding with the transaction until the arbitral tribunal was constituted ("EA Order"). The question then arises is about the