Future-RIL deal: Next phase of Bezos-Biyani battle to begin in Singapore

The next phase of arbitration proceedings between Jeff Bezos-led Amazon and Kishore Biyani-headed Future Group is expected to begin soon in Singapore.

Singaporean barrister Michael Hwang has joined the three-member arbitration tribunal at the Singapore International Arbitration Centre (SIAC) that is looking into the Amazon and Future Group dispute over the latter’s $3.4 billion deal with Mukesh Ambani-owned Reliance Industries, according to sources. The other two members of the tribunal include Albert van den Berg and Jan Paulsson which were proposed by Amazon and Future respectively. “All three have been appointed by SIAC,” said an industry source with direct knowledge about the development.