Photo of Soumya Dasgupta

Associate in the Dispute Resolution Practice at the Delhi office of Cyril Amarchand Mangaldas. Soumya’s focus is on commercial litigation before a variety of judicial fora, international and domestic commercial arbitration, and litigation advisory for transactional matters. He can be reached at soumya.dasgupta@cyrilshroff.com

Emergency Awards passed in Foreign-seated Arbitration - Enforceable or not

A recent award passed by an Emergency Arbitrator at the instance of Amazon.com NV Investment Holdings in relation to Reliance Retail Ventures Limited’s (RRVL) ongoing acquisition of Future Group’s retail, wholesale, logistics, and warehousing arm, has once again brought into sharp focus a gap in India’s aspirations to improve Ease of Doing Business in the country and create a conducive environment for enforcement of awards passed in foreign seated arbitrations.

Although the said Emergency Award directed Future Group to maintain status quo with regard to the transaction[1], recent news reports have confirmed that Future Group has already approached the Hon’ble Delhi High Court by way of a suit seeking to restrain Amazon from preventing the ₹24,713 crore deal from going through.[2]
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