Future Retail party to dispute with Amazon: Singapore arbitration panel

Amazon had its sights on ultimately owning some of Future's retail assets itself

Future Retail must take part in arbitration over a commercial dispute with Amazon.com Inc, a Singapore arbitration panel ruled on Wednesday, rejecting the Indian retailer’s bid to avoid the process.

Amazon is trying to block Future’s $3.4 billion sale of its retail assets to Indian market leader Reliance Industries, accusing it of breaking contracts. Future denies any wrongdoing.

After the Singapore arbitrator put the deal on hold last year in an interim decision, Future argued it should be excluded from arbitration because Amazon had initiated it incorrectly under a contract it signed with another Future group company.

In an order on Wednesday, which