See how technicalities, workarounds and other safe-haven tricks can become a double-edged sword
In 2019, due to the FDI restrictions in the e-commerce sector, Amazon could not have invested in Future Retail; hence, it invested ₹1,430 crore in FCPL.
On the other hand, Future Retail informed the arbitrator the deal between Future Retail and RIL did not breach any contract because Amazon’s agreement is with FCPL, which is a separate entity.
https://www.thehindubusinessline.co...list-amazon-to-arbitrator/article32903193.ece
In 2019, due to the FDI restrictions in the e-commerce sector, Amazon could not have invested in Future Retail; hence, it invested ₹1,430 crore in FCPL.
On the other hand, Future Retail informed the arbitrator the deal between Future Retail and RIL did not breach any contract because Amazon’s agreement is with FCPL, which is a separate entity.
https://www.thehindubusinessline.co...list-amazon-to-arbitrator/article32903193.ece