A face of between Amazon and Ambani

E- commerce is at a peak of its business success since many years, encouraging competition between the e-commerce companies. Companies are at a fight to survive and earn a profit in this competitive environment.

The two most gigantic and famous companies are ready to do two two hands in e-commerce websites as Jeff Bezos and Mukesh Ambani's Reliance Industries Ltd.’s fight for dominance of India's lucrative e-commerce space is turning into a big face off.

Future-Ril deal: Amazon gets a temporary favourable ruling in Emergency Arbitration

Amazon gets an interim relief in the Future-Ril deal dispute in the emergency arbitration preceding conducted in Singapore. The order to Tribunal will be valid for 90 days. Te main Tribunal will be formed and the issue of interim orders can be taken within 90days. Kishore Biyani’s Future Group and Mukesh Ambani’s Reliance has to hold their deal for some time again as the Singapore International Arbitration Centre(SIAC) has granted temporary relief to Jeff Bezos’ Amazon.

Arbitration: The Rising Justice Provider

The dispute resolution process has a huge impact on the Indian economy and global perception on “doing business” in India. This is clearly indicated by World Bank rating on Ease Of Doing Business 2016 which has ranked India 131 out of 189 countries on how easy it is for private companies to follow regulations. The study notes that India takes as much as 1,420 days and 39.6% of the claim value for dispute resolution.

To start a new era in Alternative dispute resolution new arbitration and mediation rules is launched by JICAM

(JICAM) the Janada international centre for arbitration and mediation has launched arbitration and mediation rules in Abuja. It is believed that arbitration and mediation rules will contribute in development of ADR and this will also provide opportunities to Nigerian arbitrators to catch with other parts of the globe. The trustees of JICAM board believe that ADR offers benefit to FDI and economic growth.

How Are Mediation And Negotiation Different From Each Other? Which One Is A Better Process?

Mediation and Negotiation are the methods of Alternate Dispute Resolution (ADR). Mediation is a method where a dispute between two parties is resolved in the presence and involvement of a third party called “Mediator” while Negotiation is a method in which parties in dispute try to reach a same point by discussion. Though both Mediation and Negotiation are similar in many ways, they are different by a few points.

Amazon Approaches Siac To Halt Future Group-Reliance Industries Deal

Amazon has approached the non-profit Singapore International Arbitration Centre (SIAC) over the legality of Future-Reliance deal claiming that the deal had violated it’s 2019 contract when it had acquired the stake in Future Coupons. Amazon claims that the acquisition of Future Group by Reliance Retail is a violation of a non-compete clause and a right-of-first-refusal pact it had signed with the Future Group, in line with a Stock Exchange Filing by Future Retail in August, 2019.

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