Win for Amazon: SC upholds Singapore panel s ruling against Reliance-Future Retail deal indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
SC rules in favour of e-commerce giant Amazon against Future-Reliance Retail deal tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
Synopsis
Arbitration is business and contract agonistic and the benefits of having one in our contracts can be immense.
iStock
Arbitration clause is easy to follow and a fast track optional substitute to the court system.
A business contract is the foundation of a commercial relationship and also sets the guiding principles for operations. Yet, commercial relationships often run into choppy waters. In recent times, Alternate Dispute Resolution (ADR) mechanisms have found favour in the commercial-legal ecosystem to adjudicate on grievances in commercial relationships. Arbitration has emerged as the preferred mode of ADR.
Laws, like the Arbitration and Conciliation Act, have also been strengthened and amended multiple times to suit the requirements and address ambiguities in earlier versions. Since arbitration has become an important word for entrepreneurs, Manoj K Singh, Founder Partner of Singh & Associates, spoke to ET online about the importance of having an arbitration claus
HC stays order restraining FRL to go ahead with Reliance deal yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.