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Sale of retail biz: HC declines Future’s plea against Amazon
December 21, 2020
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The Delhi High Court on Monday ruled that the sale of Future Retail Ltd’s retail and wholesale business to Reliance Retail was in line with Indian laws while holding that Amazon was free to write to regulators. Justice Mukta Gupta wrote in her order that FRL managed to make a
prima facie case on a couple of grounds.
“The present application is disposed off, declining the grant of interim injunction as prayed for by FRL, however, the Statutory Authorities/Regulators are directed to decide on the applications/objections under the law,” she wrote in the order. CCI has approved the transaction.
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emergency arbitration
2. Normally, such an application is
to be decided by the LCIA Court within three days of the receipt of
such application by the Registrar. All the rules related to
impartiality, replacement of the arbitrator, nationality etc., will
apply on the appointment of the emergency arbitrator.
Conduct of Emergency Arbitration
The Emergency Arbitration may be conducted in any manner, the
Emergency Arbitrator deems fit while considering the facts and
circumstances of the case. There is no compulsion for the Emergency
Arbitrator to set up a hearing, physical or virtual, before
deciding on the reliefs to be granted. Adjudication of disputes can
The International Chamber of Commerce
( ICC ) has come up with new set of
Arbitration Rules 2021 ( ICC Rules
2021 ) which will come in effect from 01
st
January, 2021. As compared to the earlier Arbitration Rules of 2017
( ICC Rules 2017 ), it seems that ICC
Rules 2021 is not a complete revamp of the procedural rules for
conducting arbitration. Rather, it preserves a substantial portion
of the ICC Rules 2017 while introducing provisions that indicate
towards ensuring more efficient adjudication of disputes. The ICC
Rules 2021 lays more emphasis on adopting fair procedure and have
further broadened the horizon for multi-party arbitration. It has
also made an attempt to crystallize certain provisions with an idea
not accepted that system. and egypt and tunisia and libya will move under that legal system where by no other secular religion will be accepted or political party can change that legal system. that is the problem with democracy. and it looks ominous. thank you for joining us with the insight. qantas airways grounded its fleet. bookings are disrupted by union members telling passengers to book with other airlines. planes were stopped and cancelled. the government called an emergency arbitration to rule on the strike and terminate the strike. a marijuana controversy brew nothing california. they are suing eric holder. casey segal is in la with the latest. hi, uma, good to see you.