ARBITRABILITY OF ANTI-COMPETITIVE DISPUTES

 Globalization has brought about significant changes in the world, leading to the dissipation of borders between nations and creating opportunities for economic development. While globalization has facilitated increased revenue and trade on a global scale, it has also resulted in inequality, particularly for developing countries that lack the necessary infrastructure to harness the benefits of an integrated economic market. These countries often need to seek technical knowledge, infrastructure, and financial advice from companies established in developed nations, which may lead to excessive borrowing and investments that could result in an unsustainable infrastructure.

This unequal playing field in the global economy has resulted in anti-competitive practices and legal disputes arising from said practices. One such legal dispute is the Future Retail Limited1 case, which was filed by Amazon before the Supreme Court to enforce the emergency arbitrator’s interim order dated October 25, 2020 (“Emergency Order”), passed in arbitration proceedings before the Singapore International Arbitration Centre (“SIAC”) which was initiated by Amazon against Future (“Arbitration Proceedings”), this Emergency Order was in favour of Amazon, barring Future from taking any steps to dispose of or encumber its assets or issuing any securities to secure any funding from a restricted party (“Award”).2

Read More: https://tlegal.com/blog-details/arbitrability-of-anti-competitive-disputes

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