Singapore Arbitral Tribunal Injuncts RIL-Future Grp Deal In A Plea By Amazon, Another Win For Gopal Subramaniam Abroad

first_imgForeign/InternationalSingapore Arbitral Tribunal Injuncts RIL-Future Grp Deal In A Plea By Amazon, Another Win For Gopal Subramaniam Abroad LIVELAW NEWS NETWORK26 Oct 2020 12:20 AMShare This – xThe Singapore International Arbitration Tribunal on Sunday injuncted Reliance Industries Ltd’s acquisition of some Future Group entities for Rs.24,713 crores on a plea for the same by Amazon Inc. Amazon had approached the Tribunal invoking the provision for Interim and Emergency Relief provided for under Rule 30 of the Singapore International Arbitration Centre Rules, 2016. It sought…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Singapore International Arbitration Tribunal on Sunday injuncted Reliance Industries Ltd’s acquisition of some Future Group entities for Rs.24,713 crores on a plea for the same by Amazon Inc. Amazon had approached the Tribunal invoking the provision for Interim and Emergency Relief provided for under Rule 30 of the Singapore International Arbitration Centre Rules, 2016. It sought an interim injunction against the agreement entered into between Reliance Retail Ventures Ltd and some entities of Kishore Biyani-led Future Group by way of which, Future Retail was to sell its retail, wholesale, logistics and warehousing units to Reliance Retail and Fashion Lifestyle Ltd – a wholly owned subsidiary of Reliance Retail Ventures. The proceedings were presided over by Mr. V.K.Raja, who is also the former Attorney General of Singapore, was appointed as the Emergency Arbitrator to settle the dispute. The Emergency Arbitrator passed an interim award in favour of Amazon, which has injuncted Future Retail and Future Coupons from taking any further steps in respect of the Board Resolution of August 29, 2020 with respect to the transaction with Reliance Industries or its group entities. The Future Group entities have also been injuncted from filing or pursuing any application before any Body or Agency in India with respect to the said Board Resolution. The award, being interim in nature, was passed as part of private proceedings due to which it has not been made public. Amazon Inc’s case was that in 2019, the company had signed a deal worth Rs. 2000 crores with Future Retail to acquire 49 per cent stake in Future Coupons, the promoter firm of Future Retail. Under the deal it also had a “call” option, according to which, it could acquire all or part of Future Retail’s shareholding in the company, within 3 to 10 years of the agreement, exercisable on its option. It said Future Group was also required to inform Amazon before entering into any sale agreement with third parties. It has claimed that the RIL-Future Group deal is a violation of a non-compete clause and a right-of-first-refusal pact. Further, the Mukesh Ambani Group, Reliance Industries Ltd, is also part of a list of 30 “prohibited entities” in the Amazon-Future Group 2019 agreement. The Future Group, on its part, claimed that it was merely selling its assets and not any stake to Reliance and therefore it has not violated any terms of the contract. Future Group’s Board Resolution of Aug 29 said that, Future Enterprises was to “sell by way of a slump sale the retail and wholesale business that includes key formats such as Big Bazaar, fbb, Foodhall, Easyday, Nilgiris, Central and Brand Factory to Reliance Retail and Fashion Lifestyle Limited (RRFLL), a wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL). It will also sell the logistics and warehouse business to RRVL by way of a slump sale. RRFLL and RRVL will take over certain borrowings and current liabilities related to the business and discharge the balance consideration by way of cash.” The Mukesh Ambani-led company has said that, while it was “informed of an interim order passed by the Emergency Arbitrator in the arbitration proceedings invoked by Amazon under a Shareholders Agreement with the promoters of the Future Group,” the “rights and obligations are fully enforceable under Indian law.” Reliance further said that it intends to enforce the scheme of acquisition “without any delay”. Amazon was represented by: Senior Advocates Gopal Subramanium, Alvin Yeo, Gourab Banerjee, Amit Sibal, Anand Pathak and Amit Mishra from P&A And VP Singh and Rachit Bahl from AZB assisted by Advocates Pawan Bhushan, Hima Lawrence and Ujwala Uppaluri.Future Coupons was represented by Davinder Singh, Harish Salve, Darius Khambata, Trilegal and Naik & Naik Next Storylast_img read more

Clinician Educator

first_imgQuick Linkhttps://www.vcujobs.com/postings/94683 – Board certification or eligibility in Internal Medicine.- Direct experience managing complex inpatients.- Interest in teaching and growth in an academic setting.- Interest in furthering the academic mission of theDivision.- Demonstrated experience working in and fostering a diversefaculty, staff, and student environment or commitment to do so as afaculty member at VCU .- Demonstrated ability to provide effective communication, bothverbal and written. Working TitleClinician Educator * Do you have direct experience managing complex inpatients?YesNo Grant funded position?No DepartmentInternal Medicine Directly care for ambulatory patients in the faculty outpatientpractice. Supervise the care provided to ambulatory patients byhousestaff in the resident outpatient practice. Directly care forhospitalized patients on the general medicine inpatient serviceworking on teams with housestaff and students. Mentor residents inevidence-based medical care. Work within the Health System and withother departments to further the effective management of ambulatoryand hospitalized patients. RankAssistant Professor Open Until FilledYes Tenure StatusNon-Tenure Eligible Position TypeTeaching and Research Faculty Preferred Qualifications Application Deadline Date Posted Salary Posting DetailsEmployees hired into Administrative and Professional positionsposted on or after July 1, 2017, will be governed by and, ifemployed on July 1, 2018 will move into the new University HumanResources System. For additional information, go tohttp://greatplace.vcu.edu. Excellent, evidence-based, efficient patient care. Effectivesupervision, teaching, and mentoring of Internal Medicinehousestaff and students. Proposed Hire Date03/01/2020 Mission or Goal of Unitcenter_img Type of SearchNational Date Posted10/23/2019 Position Responsibilities Number of Months12 * Are you Board Certified or Board Eligible in InternalMedicine?YesNo Supplemental QuestionsRequired fields are indicated with an asterisk (*). 1. Teaching: Supervise and teach housestaff in the residentoutpatient practice. Supervise and teach learners (includingmedical students, interns, and residents) on the inpatienthousestaff teaching service. While on the inpatient teachingservice, conduct daily teaching rounds that use contemporary adultlearning methods to promote evidence-based practice. Demonstrateeffective teaching skills and continually develop as a teacher forlearners at all levels. Complete required evaluations of learnersin a timely manner—including but not limited to written and verbalfeedback. Participate in other learning activities such as morningreport, core conference, and other formal educational programs forundergraduate and post-graduate learners.2. Research: Participate in clinical and educationalresearch, according to skills, interest, and funding (researchopportunities may include performance improvement initiatives orformal extramurally funded investigations).3. Service: Work with institutional staff and administrationto attain the strategic objectives of VCU Health System, includingpatient safety, patient and other customer satisfaction,maintenance and enhancement of public perception, and fiscalhealth.4. Clinical: Provide direct clinical care to ambulatorypatients and hospitalized patients, with the amount of time spentin the outpatient and inpatient venues determined by mutualagreement with the Division Chair. Participate in night and weekendon-call duties (telephone call only; no in-hospitalresponsibilities), shared among Division faculty. Comply in atimely manner with all institutional policies for professionalwork, including credentialing, documentation, and billing. Workeffectively with other members of the extended inter-professionalteam. Chief purpose of this position in support of above mission orgoal Interested candidates should apply online athttps://www.vcujobs.com.For additional information, please contact Zenobia Dabney,Administrator – Division of General Medicine |[email protected] Is this employee on a H1B Visa? School/UnitSchool of Medicine Diversity Statement Information Required Qualifications Application Process/Additional Information Position NumberF35440 Applicant DocumentsRequired DocumentsCurriculum Vitae (CV)Optional DocumentsCover Letter/Letter of ApplicationOther DocumentReference Letter – 1Reference Letter – 2Reference Letter – 3last_img read more

IMCA Stocks, Northern SportMods, Hobbies race Friday at River Cities

first_imgGates open at 4 p.m. and the grandstand opens at 5 p.m. Hot laps are at approximately 6:20-6:30 p.m. with racing at 7 p.m.  At stake are IMCA Speedway Motors Weekly Racing National, regional and KMJ Performance State points.  Pit passes are $30. Grandstand admission is $20 or $17 when purchased in advance through MyRacePass or any ticket outlet. GRAND FORKS, N.D. – Three IMCA divisions make first appearances on the final race program of the 2020 season Friday at River Cities Speedway.  IMCA Sunoco Stock Cars, Karl Kustoms Northern SportMods and IMCA Sunoco Hobby Stocks are on the Sept. 18 card on the high-banked clay oval at Grand Forks. last_img read more

Teen dies after being hit by a stray bullet in the parking lot of a restaurant

first_imgOfficials in North Miami are currently searching for answers after a 16-year-old girl was shot and killed during a fight in the parking lot of a restaurant.The victim, identified as Ana Alvarez-Hernandez, was found dead in the parking lot of 94th Aero Squadron Restaurant on Sunday around 2:45 a.m.According to police, a fight broke out between two groups of people when one of the involved retrieved a gun from a vehicle and began shooting.Alvarez-Hernandez was struck by a stray bullet as she and others ran for cover. She was then taken to an area hospital by a friend where she was pronounced dead.It is infuriating and tragic that a young woman with so much promise could lose her life in such a senseless way; victim of an indiscriminate bullet that should never have been fired. My deepest condolences to Ana’s family during this unbearable time. https://t.co/aIgMMKNyZh— Alberto M. Carvalho (@MiamiSup) July 9, 2019 Authorities reported that no one at the scene reported the shooting and that they only learned of it after hospital staff contacted them.If you have any information that could help investigators, call Miami-Dade Crime Stoppers at 305-471-TIPS. Remember, you can always remain anonymous, and you may be eligible for a $3,000 reward.last_img read more

LeBron James calls watching son’s Sierra Canyon debut from afar ‘bittersweet’

first_img Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed Lakers practice early hoping to answer all questions Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersIn what might be the most anticipated high school freshman debut in recent memory, Bronny James scored 10 points off the bench for the prep superteam, which also includes Zaire Wade, the son of Dwyane Wade. Wade scored six points in the game.Dwyane Wade, who retired this spring from the NBA, was able to be present for the game. James had to watch from afar, alongside another of their close mutual friends Chris Paul.“The sweet part is technology is amazing,” LeBron James said. “And I got an opportunity to have dinner with one of my best friends in CP and also watch my son and my nephew in Zaire and like, my little nephews, the rest of them on the team. So, thank God for technology and the ability to still watch my son.”James wasn’t in much suspense during the viewing experience. The Trailblazers led by as much as 53 points.Related Articles How athletes protesting the national anthem has evolved over 17 years center_img OKLAHOMA CITY — On an off night, even professional basketball players often prefer to spend their time away from the court.LeBron James didn’t hit the court on Thursday night in Oklahoma City. But he sorely wished he could have.Instead, the proud father was forced to watch the high school basketball debut of his oldest son that was taking place more than 1,000 miles away from Oklahoma City, as Bronny James’ Sierra Canyon team crushed Montgomery 91-44 in San Diego.“I mean, it’s bittersweet for me,” James said. “Obviously I would love to be there.” Lakers, Clippers schedules set for first round of NBA playoffs Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more