India's Future Retail asks court to declare arbitration with Amazon illegal

India’s Future Retail has asked a New Delhi court to declare arbitration proceedings in Singapore with as illegal, arguing that India’s antitrust agency had suspended a 2019 deal used by Amazon to assert rights over Future.

Amazon successfully used the terms of its toehold $200 million investment in debt-laden Future to block the Indian retailer’s attempt to sell retail assets to a rival, alleging breach of certain contracts.

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