National Company Law Tribunal (NCLT) | Disappointed with Singapore tribunal's decision: Sony on merger dispute with Zee
Shares of Zee on Monday spurted nearly 3 per cent on the development
Source: telegraphindia.com
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Setback for Sony: Emergency arbitrator denies any relief in case against Zee Entertainment
In 2021, Sony and Zee entered a deal to create a $10 billion entertainment firm. However, their talks fell through and Sony called off the deal in January 2024.
Source: businesstoday.in
Emergency Arbitrator denies Sony's application against Zee
The Singapore International Arbitration Centre (SIAC) has denied the application for emergency interim relief filed by Sony against Zee Entertainment.The Emergency Arbitrator has passed an award dated February 4, 2024 denying the application ...
Source: prokerala.com
Emergency Arbitrator denies Sony's application against Zee Entertainment in SIAC: Sources
While the arbitration can still go on, the emergency of the matter has been denied, the sources said.
Source: cnbctv18.com
Zee Sony merger news: SIAC denies emergency interim relief to Sony Group cos against Zee
The Singapore International Arbitration Centre (SIAC) denies emergency interim relief to Sony Group companies against Zee Entertainment Enterprises. SIAC's emergency arbitrator states that the National Company Law Tribunal (NCLT) is the appropriate forum. Legal experts confirm that arbitration proceedings regarding Zee's obligation to pay $90 million in termination fees to Sony will continue.
Source: indiatimes.com