Future group is reported to be preparing to sell some of its assets to Reliance Industries Ltd at a price of $3.38 billion. The deal took place between two Indian companies, but a Singapore arbitration panel opposed the deal. Amazon should be secretly happy to hear that from Singapore, because it believes the deal violates the existing agreement. People familiar with the matter said Amazon had received an urgent order to suspend trading until the arbitration court was formed. Last year, Amazon bought 49% of future group, which owns 7.3% of future retail. In August, Reliance Industries decided to acquire some assets of the future group, including future retail. When Amazon invested, it signed an agreement. It had some rights, such as preemptive right, no competition relationship, etc. that’s why Amazon started arbitration proceedings in Singapore. < / P > < p > although there is a temporary injunction, the injunction will not be automatically enforced in India. If it is to be implemented, the permission of the Indian court must be obtained first. In response, Amazon said in a statement that it would strive for an early end to the arbitration process. Spontaneous combustion at a Guangzhou Motor vehicle intersection and other traffic lights in Shenzhen

By ibmwl