Corporate Debt Restructuring Masterclass

18 July 2022 (Mon), 5pm Singapore/HK time

Future Retail and Amazon’s lawyers have agreed to initiate talks for an out-of-court settlement to break the impasse regarding the sale of the troubled Indian retailer to Reliance Retail. With the dispute being adjourned in court for 10 days, the chief justice said, “Meanwhile, work out by gentleman’s understanding. It will be better in the interest of business”. Senior lawyer Harish Salve said, “Let me assure you no one is winning in this battle. Amazon God has to come to the ground and speak to lesser mortals like us….No one is winning. FRL, Reliance, and Amazon all have issues. I don’t know why we need a court order for a dialogue”

Future Retail’s 5.6% 2025s were up 0.8 points to 58.75.

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