Fashion

Amazon challenges India’s antitrust suspension of 2019 Future deal-sources

India’s antitrust agency suspended its approval of Amazon.com’s 2019 deal with Future Group last month, potentially denting the U.Sคำพูดจาก สล็อตเว็บตรง. e-commerce giant’s attempts to block the sale of Future’s retail assets to an Indian market leader.The suspension has jolted Amazon as it subsequently led to a halt in the arbitration proceedings between the two sides in a long-running commercial dispute.

Amazon has long argued that Future violated the terms of its 2019 deal in deciding to sell retail assets to market leader Reliance Industries, and the U.Sคำพูดจาก สล็อตเว็บตรง. company’s position had so far been backed by the Singapore arbitrator and Indian courts. Future denies any wrongdoing.But the Competition Commission of India (CCI) last month suspended that deal saying Amazon suppressed information while seeking clearances for the deal back then.Amazon filed an appeal against CCI’s decision at India’s National Company Law Appellate Tribunal late on Saturday night, the two sources said.The appeal will be heard later this week, said one of the persons.Amazon did not immediately respond to a request for comment. The CCI also did not respond.

Related Posts

Circularity- EU begins textile industry consultation

“The European Green Deal, the Circular Economy Action Plan (CEAP) and the Industrial Strategy have identified textiles as a priority sector in which the EU can pave the…

De Beers curbs diamond supply as earnings drop

De Beers CEO Bruce Cleaver cited a range of factors in an interview, including trade tensions, the U.S. government shut-down that ended in January and Hong Kong anti-government…

EU suspects tax fraud at China’s new gateway to Europe

“The VAT is completely evaded, with enormous damage to the national tax authorities and to the community,” Fabio Botto, of the Italian Central Anti-fraud Office’s special investigative unit,…

China preparing an antitrust investigation into Google

The case was proposed by telecommunications equipment giant Huawei Technologies Co Ltd last year and has been submitted by the country’s top market regulator to the State Council’s…

G-Star RAW partners artist to refashion denim waste

Designed to be “thought-provoking”, the pieces made from denim waste explore “one of the fundamental predicaments of our time”with the exhibition showcasing a trio of cabinets in the…

Indonesian textile firm Evergreen eyes $2.3 bln from share issue

Evergreen said in an announcement to the Jakarta stock exchange it plans to raise about 30 trillion rupiah ($2.28 billion) by issuing up to 150 billion new shares…