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Developing infrastructure: Is a revival on the cards?

By Amitabh Sharma, HSA Advocates
Structural reforms such as demonetization and goods and services tax along with worsening balance sheets at state-owned banks seem to have led to an economic slowdown in India. To spur economic growth and investment,...
Spice money

RBI provides new directions for prepaid payment instruments

The Reserve Bank of India (RBI) issued the master directions on Issuance and Operation of Prepaid Payment Instruments on 11 October so as to review existing regulations in this respect and issue comprehensive directions,...

Interpretation of ‘supply’: An emerging legal battle

By L Badri Narayanan and Tushar Aggarwal, Lakshmikumaran & Sridharan
The recently launched goods and services tax (GST) is having teething trouble and has opened a Pandora’s box of legal issues to be addressed, by taxpayers and the revenue department, as well as tax...

The transition to GST: Early feedback brings adjustments

By L Badri Narayanan and Geetika Srivastava, Lakshmikumaran & Sridharan
When goods and services tax (GST) was implemented on 1 July, after years of delays, there was apprehension as to how corporate India would handle the transition to the new tax regime. However, most...
Indian parliament: The monsoon session

Parliament: The monsoon session

In the first of our planned regular coverage of India's parliamentary sessions, Mandira Kala provides a roundup of important commercial bills that were debated and passed during the recent session, and an assessment of...

Taxing times

As India becomes more familiar with GST, Rebecca Abraham takes stock of issues that have presented interesting challenges When India introduced a goods and services tax (GST) at midnight on 30 June few expected the...
Shaping a concrete destiny - China's Belt and Road Initiative

Shaping a concrete destiny

In the second of a three-part series on China’s Belt and Road initiative, law firms in the region talk about their expectations, while domestic firms explain why India is keeping its distance. George W...
India Business Law Journal

Moving forward

Time to return to the drawing board As concern mounts over the health of the Indian economy there is a growing realization of the enormity of the task at hand. As has been widely reported,...

Dividing goods, services necessary under GST?

L Badri Narayanan discusses the need for more clarity and less superfluous tinkering with new system India’s recently introduced goods and services tax (GST) has brought in its wake benefits as well as a plethora...
GST for legal services clarified

GST for legal services clarified

An error in a 28 June notification where only lawyers and law firms that provided “representational services” were exempt from goods and services tax (GST) was recently rectified as a result of a petition...
Open for business? Key developments in India's legal sector

India: Open for business?

After much debate and anticipation, the liberalization of the legal sector now seems imminent. Gautam Kagalwala speaks to lawyers about the arrival of foreign firms and other key developments affecting the state of play...

The future is fintech

Fintech has dramatically altered our landscape – the way we live as a society and conduct business. In the first part of a special series on technology, Leo Long explores how Indian and other...
Legal services largely exempt from GST

Legal services largely exempt from GST

Initial fears about large-scale disruption proved to be unfounded when India moved to a goods and services tax (GST) on 1 July. The GST does not apply to legal services provided by an individual advocate...
10 years of India business law journal

10 years

Vandana Chatlani reflects on India Business Law Journal’s first decade of documenting legal developments In June 2007, Vantage Asia, a little-known Hong Kong-based publishing house, printed the inaugural issue of a magazine dedicated to covering...
Sawant Singh, Aditya Bhargava, Phoenix Legal, on the Banking regulation act

Banking ordinance: Sound step or halfway measure?

By Sawant Singh, Aditya Bhargava and Sriram Ramachandran, Phoenix Legal
The Banking Regulation (Amendment) Ordinance, 2017, was promulgated on 4 May to amend the Banking Regulation Act to give the Reserve Bank of India (RBI) powers to direct banks to refer certain borrowers into...
India Business Law Journal

A transformative moment?

A top down effort to trigger radical change that just may work When the long-awaited goods and service tax (GST) becomes a reality, India will have taken a big step towards achieving greater economic efficiencies,...
Trademark rules reformed

Trademark rules reformed

The Trade Marks Rules, 2017, have replaced the Trade Marks Rules, 2002, with a view to bringing about radical changes in the trademark registration process. Key changes include: New forms The forms for filing and related...
L Badri narayanan and Asish Philip Abraham at Lakshmikumaran & Sridharan,

GST rates from 5% to 28% fixed for most specific items

By L Badri Narayanan and Asish Philip Abraham, Lakshmikumaran & Sridharan
The government has set 1 July as the deadline for the rollout of the goods and services tax (GST) from the current indirect tax regime. GST is set to subsume a variety of central...
Business Law Journal, letter to the editor

Why GST needs to be deferred

Dear Editor, The government has reiterated its firm intention to unveil the new goods and services tax (GST) regime from 1 July. The business community has called for a later implementation date, citing their lack...

Eyeing Africa

African and Indian law firms should collaborate to profit from growing trade relations, writes Nankunda Katangaza The African Development Bank (AfDB) Group will hold its annual meetings on the Indian subcontinent for the first time on 22-26...
L Badri Narayanan and Asish Philip Abraham, Lakshmikumaran & Sridharan

Unveiling of draft GST rules paves way for 1 July rollout

By L Badri Narayanan and Asish Philip Abraham, Lakshmikumaran & Sridharan
With the goal to implement good and services tax in India from 1 July, the government has released 14 sets of GST rules for public consultation. The GST Council will meet on 18 and...
The germination of the Belt and Road initiative and its growth

Think big

The Belt and Road initiative dwarfs the Great Wall of China, and pretty much anything else on earth, in its perceived magnitude. in the first of a special series of articles, Andy Gilbert looks at the...
Private equity investors get hungry for control

Big, bold and bullish

The desire for control, the struggle for funding, a changing tax regime and increased liability are some of the key themes dominating India’s private equity landscape. Vandana Chatlani reports Last year was a year of big and...
Aseem Chawla from Phoenix legal hires new tax head

Phoenix legal hires new tax head

Aseem Chawla has joined Phoenix Legal as a partner and head of its tax practice. Chawla merged his firm, ASC Legal, with Phoenix Legal in New Delhi. ASC Legal focused on direct and indirect tax...
India Business Law Journal

Altering realities

The more things change, the more they remain the same While cynics have long drawn strength from the truism in this old French saying, many would see it as an apt description of attempts to...
L Badri Narayanan and Shweta Walecha, Lakshmikumaran & Sridharan

Passage of four bills moves GST a step closer to reality

By L Badri Narayanan and Shweta Walecha, Lakshmikumaran & Sridharan
The proposed goods and services tax (GST) moved one step closer to becoming a reality on 27 March when the Lok Sabha (lower house of the parliament) approved the four bills which are intended...
Iqbal Khan, Natashaa Shroff, Shardul Amarchand Mangaldas

Dynamism endures

By Iqbal Khan and Natasha Shroff, Shardul Amarchand Mangaldas
Iqbal Khan and Natashaa Shroff at Shardul Amarchand Mangaldas analyse India’s PE landscape in 2017 In a global investment environment characterized by increasing policy uncertainty, the India investment story is a rare example of a...
L Badri narayanan and Asish Philip Abraham at Lakshmikumaran & Sridharan,

GST Council: New era of indirect tax administration

By L Badri Narayanan and Asish Philip Abraham, Lakshmikumaran & Sridharan
The GST Council is a constitutional body set up to administer the goods and services tax in terms of article 279A of India’s constitution. The council had 10 meetings in the past six months...
Gautam Khurana and Randy Whitmeyer from India Law Offices on an article about Tip for US Companies Doing Business in India

Top tips for US companies doing business in India

By Gautam Khurana, India Law Offices and Randy Whitmeyer, Morningstar Law Group
India offers many advantages for US companies, including English language proficiency, a vibrant technology industry, an educated workforce and lower costs, as well as a number of pitfalls to avoid. Here are some quick...
best indian law firms 2016

Indian Law Firm Awards 2016

Indian Law Firm Awards 2023 Indian Law Firm Awards 2022 Indian Law Firm Awards 2021 Indian Law Firm Awards 2020 Indian Law Firm Awards 2019 Indian Law Firm Awards 2018 Indian Law Firm Awards 2017 Indian Law Firm Awards 2015 Indian Law...
PM DEVAIAH Ease of doing business: myth or battle cry?

Ease of doing business: myth or battle cry?

Centre-state differences undermine efforts to present India as a favourable commercial destination, argues PM Devaiah While the great Indian juggernaut of liberalization chugs along, the never ending debate on improving the ease of doing business continues...

Money matters

L Badri Narayanan and Amar Gahlot analyse what the budget means for business. The government has been fairly active over the past year liberalizing certain sectors and implementing other business-friendly schemes. Its drastic demonetization move dominated headlines as efforts...
How to build a defence against corrupt practices

Of carrots and sticks

As US authorities hunt down corrupt practices, the risk posed by third parties takes centre stage. Vasu Muthyala and Nan Wang analyse what has changed and how to build a defence The world’s third-largest economy, India has maintained actual and...
India’s business and legal climate 2017

India in 2017

Four in-house counsel, a mediation specialist and partners at three law firms share their views on the developments that are likely to shape India’s business and legal climate in the coming year. Privacy, data protection and...
RUDRA KUMAR PANDEY and BANI BRAR, Shardul Amarchand Mangaldas & Co.

On the cards

Rudra Kumar Pandey and Bani Brar forecast emerging regulatory trends and opportunities for in-house counsel to be business leaders. The International Monetary Fund in its recent report (October 2016) forecasted that India would continue to...

Khaitan takes two for tax

Abhishek Rastogi and Rashmi Deshpande have joined Khaitan & Co’s indirect tax practice in Mumbai as executive director and associate director, respectively. Rastogi, a chartered accountant, was previously a director with PwC, specializing in indirect...

E-commerce and GST: Moving from grey to white?

By L Badri Narayanan, Lakshmikumaran & Sridharan
E-commerce has been one of the high growth industries over the last few years in India. Realizing the importance and potential of the internet, various policy measures such as Digital India and 100% foreign...
A photo of Gautam Khurana and Abhishek Hans

GST is fast approaching: Is your business ready?

By Gautam Khurana and Abhishek Hans, India Law Offices
India has long earned brickbats for the complexity of its tax regime and the difficulty in carrying out business in the country. After years of consideration, goods and services tax (GST) is expected to...

Goods versus service: Is classification relevant?

By L Badri Narayanan, Lakshmikumaran & Sridharan
One of the principal problems that has caused the indirect tax regime in India to be complex and cascading is the delineation of taxing powers between the centre and the states. The centre collected...

In limbo

Brexit talks have slowed in advance of elections across Europe. What should companies do while they wait for negotiations to conclude? Vandana Chatlani reports Last month, former European Council president Herman Van Rompuy told the BBC that...

Getting to grips with GST

Companies must prepare for challenges as India overhauls its tax regime with the introduction of a goods and service tax in 2017 Rebecca Abraham reports India’s notoriously difficult to navigate tax regime is to get a much needed...
blazing-a-trail-rev

Blazing a trail

The Indian Corporate Counsel Association pays tribute to the leading lights of India’s in-house legal community in its new book, Trailblazers, writes Vandana Chatlani Not long ago, India’s in-house lawyers were the legal community’s forgotten children;...

One nation, one tax: But not one taxable person

By V Lakshmikumaran and L Badri Narayanan, Lakshmikumaran & Sridharan
Last month, the 122nd Constitution Amendment Bill was passed in the Rajya Sabha, India’s upper house of parliament. This has been a historic amendment and the most significant step in the progress towards a...

Fake in India

Bharat Dube and Frank Rittman discuss the menace of counterfeiting in India and provide tips for brand owners and general counsel on how to fight it In June, Jack Ma, chairman of the Alibaba Group, infamously stated at...

Indian residents permitted to sell options against contracted exposures

The Reserve Bank of India has permitted resident exporters and importers of goods and services to write (sell) standalone plain vanilla European call and put option contracts against their contracted (i.e. covered call and...

Chawla leaves MPC to launch ASC Legal

Aseem Chawla, one of the founding partners of MPC Legal, has left the firm and set up ASC Legal. Chawla said the move was “a transformational step” and that lessons learned while promoting MPC...
India Business Law Journal

Pushing boundaries

India’s performance at the Olympics provides valuable insights Two medals in total – a silver in badminton and a bronze in wrestling – won by the world’s second most populous country. A fact that has...

Laying down laws

Mandira Kala, Aravind Gayam and Vatsal Khullar analyse the key bills pending in India’s parliament that would impact domestic and international businesses The recently concluded session of the Indian parliament was highly productive. In addition to debating the budget and...
India Business Law Journal

Inevitable battles

Pushed to the wall by a scarcity of resources, ingenious people up and down India have long slapped together odd bits and pieces to create and extend the life of essentials. Ultra-low-cost solar lamps,...

Press Note 3 of 2016: A level playing field?

By Samir Dudhoria and Ankita Kansil, Luthra & Luthra Law Offices
On account of a legal vacuum on the permissibility of foreign direct investment (FDI) in e-commerce activities being undertaken using a marketplace model, many entities with foreign investment have been operating on the “view”...

GST casting a cloud over rising ‘green energy’ sun

By Neeraj Menon and Anuja Tiwari, Trilegal
The Indian renewable energy sector is experiencing a new-found euphoria with the central government’s keen focus on it. Given the government’s commitment to the sector and international and domestic investors’ interest, “green energy” is...

DIPP releases guidelines for FDI in e-commerce

The Department of Industrial Policy and Promotion (DIPP) has released press note 3 (2016 series) in order to provide clarity on the existing policy. The press note sets out guidelines for foreign direct investment...
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Brooding over Brexit

Would a decision by Britain to leave the European Union deter future investments from India? Vandana Chatlani reports On 23 June, Britain will hold a referendum to decide whether to leave or remain within the European Union....
India Business Law Journal

Time to make in India?

“Nobody gave us a chance but every game somebody stepped up and took responsibility” Words spoken in victory by Darren Sammy, captain of the West Indies cricket team, at the recently concluded World T20 tournament...

A view to the East

India’s desire to strengthen trade ties with its Asian neighbours may bear fruit as investment channels open up, but some legal and cultural hurdles need to be cleared. Vandana Chatlani reports Speaking in November 2014 at...
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Budget bulletin

What are the practical implications of the budget for businesses in India? Rohan Shah and Darshan Bora highlight the key changes Finance Minister Arun Jaitley presented his third budget on 29 February against the backdrop...

Promissory estoppel found in concessions denial case

By Kumar Visalaksh and Rajat Chhabra, Economic Laws Practice
Amidst the ongoing debate regarding the fate of various tax incentives and area-based exemptions under the coming goods and services tax (GST) regime, the recent ruling of Karnataka High Court in the case of...
India Business Law Journal

Cooking up a storm?

Many will be unimpressed by the cacophony of voices that accompany the budget But what of the halwa-making ritual that kicks off the process? This curious culinary exercise, which is presumably held deep in the...
India Business Law Journal

Sea change

The world of offshore opportunities for India-related business is undergoing a transformation that may set tried and tested relationships adrift, writes John Church It used to be that when you mentioned India and offshore investment...

GST model law: Long way to go to meet expectations

By Ranjeet Mahtani, Rajat Chhabra and Ketan Tadsare, Economic Laws Practice
A sub-committee of the Empowered Committee of State Finance Ministers has released a model law for the goods and services tax (GST) and the integrated goods and services tax. This model law would form...
India deals of the year 2015

Deals of the Year 2015

Deals of the year 2022 Deals of the year 2021 Deals of the year 2020 Deals of the year 2019 Deals of the year 2018 Deals of the year 2017 Deals of the year 2016 Deals of...

India in 2016

Four in-house counsel and the president of the Society of Indian Law Firms share their views on the developments that are likely to shape India's business and legal climate in the coming year.  The international...

Foreign direct investment policy liberalized

The Department of Industrial Policy and Promotion issued Press Note 12 of 2015 on 24 November to liberalize the foreign direct investment (FDI) regime. The key changes are as follows: Particulars Earlier provision Revised position FDI in...
Kumar Visalaksh and Stella Joseph

2015 rulings clarify taxation of software-related services

By Kumar Visalaksh and Stella Joseph, Economic Laws Practice
Taxation of software is one of the most debated issues of indirect taxation. With the rapid digitalization and the constant quest of the central and state governments to get a bigger slice of the...
By Kumar Visalaksh and Dhruv Bhattacharya, Economic Laws Practice

State charge struck down in ongoing ‘tax’ or ‘fee’ debate

By Kumar Visalaksh and Dhruv Bhattacharya, Economic Laws Practice
While both “taxes” and “fees” are compulsory contributions towards government revenue, a tax is a part of a common exaction while a fee is towards specific services rendered. However, the dispute whether a charge...
A triumph of price over quality?

A triumph of price over quality?

How the government selects law firms for infrastructure Projects. By Vandana Chatlani The Indian government is often described by infrastructure lawyers as a poor paymaster. In line with its lowest bidder wins (L1) policy, it tends...
By Sawant Singh and Aditya Bhargava, Phoenix Legal

Prepaid transit instruments: Step to a ‘less-cash society’

By Sawant Singh and Aditya Bhargava, Phoenix Legal
Following up on the government’s initiative to encourage Indians to move to electronic payment methods, the Reserve Bank of India (RBI) has issued guidelines on the use of “prepaid payment instruments” (PPIs). A PPI...

E-commerce investment: Treading in the dark?

By Rajesh Begur, ARA LAW
E-commerce is one of the fastest growing sectors in India in recent years. Technology, favourable demographics, and increasing use of the internet have been major drivers for the rapid growth of the sector. As...
By Vivek Vashi and Shreya Ramesh, Bharucha & Partnersb

Bill offers new lease of life for arbitration in India

By Vivek Vashi and Shreya Ramesh, Bharucha & Partners
On 26 August, India’s cabinet announced it had approved the Arbitration and Conciliation Bill, 2015, which appears to reflect suggestions and amendments proposed by the Law Commission in its reports of August 2014 and...

A bit of bother

India needs to get to grips with the regulation of cryptocurrencies such as bitcoin. Chetan Tripathy and Roochi Tripathy explore the options Cryptocurrencies such as bitcoin aim to accelerate the process of integrating people into...
A photo of Karthik Sundaram and Tejus Golchha

Is ‘inverted duty structure’ impeding ‘Make in India’?

By Karthik Sundaram and Tejus Golchha, Economic Laws Practice
While the globally accepted norm is that customs duty rates on final products are always equal to or higher than the rates on components or raw materials used for the manufacture of the final...

Joining the dots

Top India-focused Law Firms 2007 Top India-focused Law Firms 2008 Top India-focused Law Firms 2009 Top India-focused Law Firms 2010 Top India-focused Law Firms 2011 Top India-focused Law Firms 2012 Top India-focused Law Firms 2013 Top India-focused Law Firms 2014 Top India-focused...

Goods and services tax: Barriers on the road ahead

By Ranjeet Mahtani, Rajat Chhabra and Ketan Tadsare, Economic Laws Practice
Victor Hugo once said “no one can resist an idea whose time has come”. Introducing GST in India was mooted way back in 2000 but it was only last month (on 6 May) that...

Looking beyond the big names

50+ small and mid-size Indian law firms you should know about. By Rebecca Abraham As any in-house lawyer will know, hiring an external legal adviser in India is often more about finding a lawyer who can...
By Ranjeet Mahtani and Darshi Shah, Economic Laws Practice

Delhi High Court rules on marketing intangibles

By Ranjeet Mahtani and Darshi Shah, Economic Laws Practice
Delhi High Court delivered a much awaited judgment on the transfer pricing implications of advertisement, marketing and sales promotion (AMP) expenses on 16 March. The judgment ushers in clarity on the issue, to resolve...
A photo of Sawant Singh and Aditya Bhargava, Phoenix Legal

Budget: No ‘big bang’ but progress for financial sector

By Sawant Singh and Aditya Bhargava, Phoenix Legal
With the growing integration of India into the global economy and with the sheer size of the Indian economy, the country’s budget speech has become a keenly anticipated event. Rating agencies, multinational companies and...
India Business Law Journal

Exposing India’s dark underbelly

Is business driven by innovation or ill-gotten gains? According to Rajeev Chandrasekhar, the former owner of BPL Mobile and a respected commentator on corporate affairs in India, it is the latter. His comment about the...

Time for action

Companies should prepare now for the introduction of the goods and services tax, which is scheduled to take effect a year from now. Girish Vanvari and Santosh Dalvi explain An immediate concern for anyone contemplating an...

Making sense of the budget

Rohan Shah, Rohit Jain and Divya Jeswant outline the key developments, their implications and action points for in-house counsel The 2015-16 budget was expected to be a landmark event and finance minister Arun Jaitley announced several...

Special additional duty refund for ‘deemed sales’

By Ranjeet Mahtani and Rajat Chhabra, Economic Laws Practice
Importation of goods into India attracts customs duties including special additional duty (SAD). This is in lieu of central sales tax/value-added tax (VAT) levied on the sale of goods in India. Notification 102/2007-Customs, dated...

Is fair market value fitting for valuation of services?

By Kumar Visalaksh and Rahul Khurana, Economic Laws Practice
Fair market value (FMV) is generally understood as the price for which a specified asset or property would be sold in the market and that a knowledgeable, willing, and unpressured buyer would pay to...
By Ranjeet Mahtani and Darshi Shah, Economic Laws Practice

Transfer pricing and marketing intangibles

By Ranjeet Mahtani and Darshi Shah, Economic Laws Practice
Substantial transfer pricing adjustments made by India’s Tax Department in the recent past have led to litigation concerning advertising, marketing and sales promotion (AMP) expenses and the creation of marketing intangibles for foreign associated...

Implantation in the UK: Thoughts & procedures

By Gautam Khurana, India Law Offices and Ian Baker, Miller Rosenfalck LLP
The UK is Europe’s No. 1 destination for foreign direct investment and, given the historical and cultural links between the UK and India, it is not surprising that Indian companies and individuals have been...
India deals of the year 2014

Deals of the Year 2014

Deals of the year 2022 Deals of the year 2021 Deals of the year 2020 Deals of the year 2019 Deals of the year 2018 Deals of the year 2017 Deals of the year 2016 Deals of...

India in 2015

Six prominent figures from India’s in-house counsel community share their views on the legal developments that will shape domestic and international business in the coming year The Indian economy is expected to witness accelerated growth...

Trade tonic

Regulatory changes have given India’s pharmaceutical trade with Latin American countries a shot in the arm. Gains in other areas may soon follow. By Sergio Held Long in the background of international commerce, trade between India and...

The saga of set-off of duty paid on telecom towers

By Ranjeet Mahtani and Rajat Chhabra, Economic Laws Practice
Rendering telecom services involves two types of infrastructure – active and passive. Active infrastructure involves base stations, receivers, etc., that are positioned to create the network enabling transmission of data/voice; passive infrastructure denotes towers,...

Issuance of shares against legitimate dues permitted

By Aparna Mittal and Shreya Mukherjee, Luthra & Luthra Law Offices
In what may be seen as yet another move towards easing India’s foreign direct investment (FDI) regime, the Reserve Bank of India (RBI) has recently issued a notification broadening the categories of non-cash consideration...

Khaitan & Co recruits tax ace

Hormaz Daruwalla, previously an independent counsel, has joined Khaitan & Co as a partner in its indirect tax practice. Daruwalla brings over 27 years of experience in indirect tax and constitutional law matters and has...

Survey of law firm billing rates

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By Karthik Sundaram and Rajat Chhabra, Economic Laws Practice

Case clarifies VAT aspects vis-à-vis BOOT contracts

By Karthik Sundaram and Rajat Chhabra, Economic Laws Practice
Governments across the globe enter into public-private partnerships for the development, financing, operation and maintenance of public infrastructure (both moveable and immoveable). Some such partnerships are in the nature of build, own, operate, transfer...

Finance Act introduces changes to tax regimes

The Finance (No. 2) Act, 2014 (Finance Act), includes the following provisions: Corporate tax rates remain constant at around 30% for residents and 40% for non-residents, with a few additional incentives and allowances for...
India's annual budget and goods and services tax

India’s annual budget and goods and services tax

India’s annual budget included a mixed bag of tax measures, but not the hoped-for repeal of retrospective tax amendments Rohan Shah and Anay Banhatti report The finance minister’s presentation of India’s annual budget generally draws an...
best foreign law firms india 2014

In the limelight

Top India-focused Law Firms 2007 Top India-focused Law Firms 2008 Top India-focused Law Firms 2009 Top India-focused Law Firms 2010 Top India-focused Law Firms 2011 Top India-focused Law Firms 2012 Top India-focused Law Firms 2013 Top India-focused Law Firms 2015 Top India-focused...

Modi’s landslide

What now for the laws of business and the business of law? Fourteen members of the legal community discuss what to expect from India’s new government Narendra Modi is a “wildcard”, an “unknown quantity” to...

Falling foul?

A proposal to widen the ambit of the UK Bribery Act could spell trouble for Indian companies. Vandana Chatlani reports In August 2013, the UK’s Serious Fraud Office (SFO) began investigating a £23 million (US$38 million)...

Case offers clarification on marketing intangibles issue

By Pranay Bhatia and Darshi Shah, Economic Laws Practice
BMW India imports completely built units (CBUs) of BMW motor vehicles, related spare parts and accessories from its associated enterprises (AEs) and resells these in the Indian market. The company also assembles completely knocked...

Indian Law Firm Awards 2013

Indian Law Firm Awards 2023 Indian Law Firm Awards 2022 Indian Law Firm Awards 2021 Indian Law Firm Awards 2020 Indian Law Firm Awards 2019 Indian Law Firm Awards 2018 Indian Law Firm Awards 2017 Indian Law Firm Awards 2016 Indian Law...

Deals of the Year 2013

India Business Law Journal identifies and analyses the standout deals and disputes of 2013 and reveals the lawyers who guided them. By Nandini Lakshman The past year was one of the worst for the Indian economy...

India in 2014

In-house lawyers from nine companies and a senior advocate foretell the challenges and opportunities that lie in store for India-focused general counsel I hope that 2014 will herald a period of calm following the volatility...

Free supplies to be free of service tax?

By Ranjeet Mahtani and Anuradha Mohanty, Economic Laws Practice
In a recent ruling in Bhayana Builders Pvt Ltd, while deciding whether the value of goods supplied free of cost by the service recipient for use in the provision of service by the service...

Getting on top of tax issues

Uncertainties on the tax front can be daunting for investors in India. Abhishek Dutta and Rashmi Chaudhury at HSA Advocates explain what it takes to overcome the challenges Finland recently explored business opportunities in India,...

Revitalizing India

Ten legal thought leaders talk candidly about India’s economic woes and outline a series of bold measures to put the shine back into the country’s economy The odds appear to be stacked against India at...

A new world order

Indebted and weakened by a falling rupee, Indian companies have taken a more strategic approach to outbound investment. Nandini Lakshman reports from Mumbai A few years ago, corporate India embarked on a global acquisition spree, buying...

Drilling into oil and gas contracts

Rajdeep Choudhury explains the legal ins and outs of hydrocarbon exploration and production in India In 2012, India was the world’s fourth largest consumer of crude oil and petroleum products, with crude oil demand at 3.59...

Horror stories

India’s complex and unpredictable tax regime continues to spook investors. Rebecca Abraham recalls some of the nightmares and asks how domestic and foreign companies can reduce the uncertainties surrounding taxation In November 2006, Mérieux Alliance, a French...

Intellectual property: Does service tax or VAT apply?

By Ranjeet Mahtani and Sweta Rajan, Economic Laws Practice
The 46th amendment to India’s constitution, in 1982, inserted article 366(29A), which defined purchase/sales of goods and extended the scope for levy of value-added tax (VAT)/central sales tax (CST) to the “transfer of right...
top india foreign law firm 2013

The pioneers

Top India-focused Law Firms 2007 Top India-focused Law Firms 2008 Top India-focused Law Firms 2009 Top India-focused Law Firms 2010 Top India-focused Law Firms 2011 Top India-focused Law Firms 2012 Top India-focused Law Firms 2014 Top India-focused Law Firms 2015 Top India-focused...
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Punching above its weight

India’s competition watchdog may be the new kid on the block, but it has already been flexing its muscles. Is it up to the challenges it has set for itself? Rebecca Abraham reports Levelling the playing...

Wheels in motion?

Vishnu Padmanabhan examines the key bills passing through India’s parliament that may affect domestic and international businesses As India’s economic growth slows, almost everyone is clamouring for reforms. In India’s parliamentary democracy, any reform or...
Sanjeev Gupta at Emerging Opportunity Consulting

A continent awakening

Africa is a land not to be ignored, particularly by Indian companies that know how to thrive in chaos, argues Sanjeev Gupta at Emerging Opportunity Consulting Ruling powers over time have exploited Africa in varying...

A world of IP challenges

Burgeoning exports of services have put a spotlight on safeguarding Indian intellectual property rights abroad. George W Russell assesses the key risks that Indian IP owners face in other jurisdictions and introduces some of...

Reimbursements outside the reach of service tax

By Ranjeet Mahtani and Stella Joseph, Economic Laws Practice
With revenue authorities pushing to garner greater taxes, Delhi High Court, in its recent decision in Intercontinental Consultants and Technocrats Pvt Ltd v Union of India & Anr, has ruled that taxing reimbursements for...

A rich tapestry

50+ small and mid-size Indian law firms you should know about By Rebecca Abraham Four years of working with tight budgets have made in-house counsel at companies both inside and outside India acutely aware of the...

Deals of the Year 2012

India Business Law Journal celebrates 50 of the most significant deals and disputes of 2012 and reveals the legal architects that guided them to fruition Nandini Lakshman reports from Mumbai The global financial crisis threw up...

India in 2013

Legal practitioners and in-house counsel share some of their predictions for the year ahead Bhavna Thakur, director, capital markets origination equities, Citigroup Global Markets India: For the Indian economy and capital markets, 2012 has been...

Problems undermine aims of special economic zones

By Amitabh Chaturvedi and Ekta Sukhramani, Mine & Young
Created as open markets within an economy that is dominated by distortionary trade, exchange regulation and other regulatory governmental controls, India’s special economic zones (SEZs) are seen as an instrument to stimulate economic growth...
Any takers

Any takers?

A package of reforms aimed at whetting investors’ appetites may be too little too late Vandana Chatlani reports “Please remember, when the investment was not there, we did not eat lizards,” the former finance minister,...
Peter Valert and Zuzana Záhumenská, DLA Pipe

A guide to doing business in the Czech Republic

By Peter Valert and Zuzana Záhumenská, DLA Piper
The Czech Republic is a full-fledged parliamentary democracy and among the emerging democracies in central and eastern Europe, it has one of the most developed industrialized economies. The Czech koruna (CZK) is a fully...

India Business Law Directory 2012

India Business Law Journal presents its annual legal market report and directory of Indian law firms Legal market report by Rebecca Abraham Sitting at the Gurgaon office of the 240-lawyer, five-office law firm that he has...

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