Michael Hwang joins arbitration tribunal looking into Amazon-Future dispute: Sources
New Delhi: 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 Rs 24,713-crore deal with Reliance Industries, according to sources. The other two members of the tribunal — Albert van den Berg and Jan Paulsson — were named by Amazon and Future.
The sources close to the development said that with the appointment of Hwang as the presiding arbitrator, the tribunal is expected to meet soon and begin the arbitration proceedings between Amazon and Future.
The process could take 6-9 months before a decision is made, they added.
E-mails sent to Future Group did not elicit a response.
An Amazon spokesperson said the SIAC Registry has informed the parties that the arbitral tribunal has been constituted.