HC stay on Amazon-Future arbitration has created conflict of laws: Experts

They add that defeats the sole crux of the contractual arrangement and may dissuade foreign companies from entering Indian market

The Delhi High Court (HC) on Wednesday stayed the arbitration proceedings in relation to Future Group’s 2019 deal with e-commerce giant Amazon before the Singapore tribunal. This is a major relief to Kishore Biyani and his retail group. However, legal experts said the order has created a 'conflict of laws' situation, defeats the sole crux of the contractual arrangement, and may dissuade foreign companies from entering the Indian market.

A division Bench also stayed the order of the single judge who had refused to intervene in the matter, dismissing the pleas filed by the two subsidiaries of Future Group on Tuesday.