Future Retail and Amazon have been in a legal battle ever since Reliance announced that it will acquire most of Future Group's retail, wholesale, and logistics business. The Supreme Court ruled in favour of Amazon by accepting its appeal against a Delhi High Court order which let the deal between Reliance and Future Retail proceed. The court held that the emergency arbitrator's award obtained by Amazon in Singapore under the rules of the Singapore International Arbitration Center (SIAC) can be legally enforced in India. Why it matters? Both Reliance and Amazon are trying to expand their online and offline retail offerings. Reliance is trying to acquire Future Retail to do this, while Amazon is trying to prevent this deal from happening. The Future vs Amazon legal battle has been going on since October 2020 and the Supreme Court's decision is a big win for…
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