Reuters has reported Amazon has filed a new legal challenge in its continued dispute with Indian retailer Future Group. The national antitrust agency recently suspended a 2019 deal between the two companies, halting their arbitration.
Last month, the Competition Commission of India (CCI) suspended Amazon’s 2019 deal with Future, preventing Amazon from selling Future’s retail assets to Reliance Industries. On Saturday, January 8, Amazon filed an appeal against the CCI suspension decision at India’s National Company Law Appellate Tribunal.
Related: India’s High Court Dismissed Arbitration In Amazon Case
Amazon has also filed a challenge in the Supreme Court against the Delhi court decision where judges said Future-Amazon arbitration proceedings are on pause until February 1 because of the antitrust suspension deal. Reliance wants to attempt to buy Future, a debt-straddled company, to further help its position in India’s retail market.
Amazon has fought this telling India’s antitrust authorities that this would restrict competition in India’s retail market. They have also argued the sale would violate the terms of its 2019 deal with Future. The CCI suspended that deal saying Amazon suppressed information while looking for clearances for the deal, therefore leaving Amazon with no legal legs to stand on. The case will likely be heard before court this week.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI