Future-RIL deal: Amazon gets a favourable ruling in Singapore

New Delhi: American e-commerce giant Amazon got a favourable ruling in Singapore with regard to the Future-RIL deal. Kishore Biyani’s Future Group has been told by the arbitration panel to not proceed with the deal with Mukesh Ambani’s Reliance Retail for now.

A one-man arbitration panel heard the plea of Amazon and Future Group last week.

“We welcome the award of the Emergency Arbitrator. We are grateful for the order which grants all the reliefs that were sought. We remain committed to an expeditious conclusion of the arbitration process,” said the Amazon spokesperson.