India's Future Retail must take part in Amazon dispute arbitration, says SG panel

The integration will see Future Retail adopt some of the international practices followed at Easyday put in place by Wal-Mart Stores Inc. Photo: Mint

Future Retail must take part in arbitration over a commercial dispute with Amazon.com Inc, a Singapore arbitration panel ruled on Wednesday, rejecting the Indian retailer’s bid to avoid the process.

Amazon is trying to block Future‘s $3.4 billion sale of its retail assets to Indian market leader Reliance Industries, accusing it of breaking contracts. Future denies any wrongdoing.

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