Singapore International Arbitration Centre rules in favour of Amazon in Future Group case

The Singapore International Arbitration Centre (SIAC) has ruled in favor of Amazon in its dispute with Future Group, stating that Future's deal with Reliance Retail violated a prior agreement. The tribunal found Future Retail's resolution approving the sale of assets to Reliance breached contractual obligations. While Amazon sought ₹1,436 crore in damages, the tribunal awarded ₹23.