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Amazon Wins Order For Continued Halt on Reliance-Future Deal

  • Singapore’s tribunal to start final hearing in November
  • Latest verdict can arm Amazon in cases against Future in India

An arbitration court in Singapore has rejected Future Retail Ltd.’s plea to lift an interim stay on its deal to sell assets to Reliance Industries Ltd., according to people with the knowledge of the matter.

Acting on the case initiated by Inc., arbitrators informed both sides to the case and their lawyers about the decision during a conference on Wednesday, the people said, asking not to be identified citing rules on speaking to the media. An official communication and the verdict will be sent to the parties in the coming days.