Indian Supreme Court Upholds Emergency Award Blocking Retailer Asset Sale

(August 11, 2021, 1:52 PM EDT) -- NEW DELHI, India — The Supreme Court of India on Aug. 6 upheld an emergency arbitral award issued in favor of a subsidiary of online retailer Amazon.com Inc. that blocked an Indian retailer from selling $3.4 billion in assets to another Indian entity, which Amazon’s subsidiary had contended would violate its contracts with the retailer and affiliated entities....

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