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India and Singapore relax over stressed assets
The Insolvency and Bankruptcy Code, 2016 (code) provides for the comprehensive rules-based resolution of insolvent corporate debtors, and has become a significant and successful means of stressed asset resolution. The success of the code...
M&A specialist joins White & Case in Singapore
Sayak Maity, a partner at AZB & Partners, has joined global law firm White & Case’s M&A practice in Singapore. Maity, who is a partner at the firm, advises global private equity funds on...
Do shareholder activists face barriers to calling meetings?
In Zee Entertainment Enterprises Ltd v Invesco Developing Markets Fund & Ors, the Bombay High Court considered shareholders’ right to requisition a general meeting.
Invesco, a shareholder in Zee, requisitioned an extraordinary general meeting to...
Shareholder disputes from a foreign investor perspective
Investing in India can be challenging, with myriad central and state level laws, as well as cumbersome sector-specific requirements. Often, foreign investors seek relationships with local promoters to overcome these hurdles. However, difficulties increase...
RBI further extends deadline for deletion of card-on-file data
On 23 December 2021, the Reserve Bank of India (RBI) further extended for six months the deadline for removal of card-on-file (CoF) data. Payment aggregators (PAs) and merchants may thus continue to store customer...
SEBI revises related party disclosure requirements
The Securities and Exchange Board of India (SEBI) has issued amendments to disclosure requirements on related party transactions (RPTs) for listed companies.
The new requirements will come into force with effect from 1 April 2022....
Scale-based regulation for NBFCs – A pragmatic approach
Recognising the contribution of non-banking financial companies (NBFCs) to the banking system and the need to review the existing regulatory framework due to their changing risk profile, the Reserve Bank of India (RBI) in...
IBC offers attractive options for M&A deals
The Insolvency and Bankruptcy Code, 2016 (IBC) has gradually evolved but, following a number of amendments, now offers a value route for M&A transactions. Corporate insolvency prior to 2016 was a disordered process but...
In the market for a distinctive trademark
In the recent case of Walmart Apollo Llc v Aayush Jain and Anr, the Delhi High Court dealt with allegations that the defendants were not acting in good faith and had not in good faith...
No confusion by design over fashion trademark
In AMPM Fashions Pvt Ltd v Akash Anil Mehta, Partner of AMPM Design and Anr, the plaintiff applied to the Delhi High Court for interim relief against the defendants, the partners of AMPM Designs, for...
NBFCs are now subject to prompt corrective action
In October 2021, the Reserve Bank of India (RBI) released a scale-based regulatory framework for non-banking financial companies (NBFC) to tackle systemic risks posed by the sector. Continuing its steady march forward in aligning...
CCI throws curveball in Amazon-Future saga
A penalty of USD27 million imposed on Amazon might just be petty change for the USD1.6 trillion-dollar tech giant, but there is much more at stake, not just for the US e-tailer but more...
Getting the price right
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IndusLaw adds five equity partners
Four Bengaluru-based partners and one New Delhi-based partner were added to IndusLaw’s equity partnership, bringing the total to 17 equity partners at the firm.
The new equity partners are Anindya Ghosh, Pallavi Kanakagiri and Winnie...
India’s path to carbon neutrality
The absence of a climate change law leaves pressing concerns for India’s achievement of emission reduction goals, write Priti Suri and Arya Tripathy
India is moving fast towards becoming the world’s most populous country, and...
Trilegal, Khaitan assist India leg of Veolia-Suez merger
Trilegal advised France-based resource management group Veolia Environnement when India’s antitrust regulator approved its proposed acquisition of a stake in like-minded French multinational Suez, in a deal that values the latter at about USD14.5...
The A-List 2021
India’s most recommended lawyers and legal icons
Access the A-List 2021
What a year it’s been for India’s legal profession. Following the pandemic-induced paralysis of 2020, business and finance roared back to life in 2021. M&A...
Startups find greater protection through patent applications
Startups are risky by nature and it is vital that they protect their ideas to gain investors’ confidence. It is not money but innovation that drives successful ventures. The life of an unprotected innovation...
AgustaWestland ban revoked
India lifted a ban in early November on defence supplier AgustaWestland and its Italian parent company, Leonardo, paving the way for the companies to participate and bid in ongoing projects and upcoming defence contracts.
The...
Government enables FDI support for self-reliance
In May 2020, the prime minister inaugurated Atmanirbhar Bharat or self-reliant India programme (ANB), and announced various economic packages to boost the economy. The main aim of ANB is to make India a global...
Mahindra counsel launches YNSS Law Offices
Nitu Agarwal left her deputy GM group legal role at Mahindra & Mahindra to set up her own firm, YNSS Law Offices, aimed at catering to clients seeking reasonably priced legal services.
“While working in-house,...
Building back better
Wise policymaking is need of the hour
Rebuilding after the pandemic was never going to be an easy task. Restoring confidence within communities and companies, coaxing workers back to offices and repairing the economy all...
RBI revises rules for securitisation of stressed assets
The Reserve Bank of India has revised its rules for securitisation and sale of loans to help banks improve liquidity and rebalance exposures.
The revamp expands the types of assets that can be transferred and...
A small suffix causes big IP dispute
The long-running dispute between the companies behind the online payment apps PhonePe and BharatPe has intensified. Each side claims ownership of the trademarks and suffixes PE and Pe, alleging misuse against the other. In...
New internal ombudsman scheme for NBFCs
In recognition of the systemic importance of non-banking financial companies (NBFC) in credit delivery and their integration into the financial sector, the Reserve Bank of India (RBI) issued directions on 15 November requiring NBFCs...
Open access to electricity becoming a reality
Bringing relief to captive projects, the Supreme Court (SC) has held that captive consumers are not liable to pay additional surcharges. Additional surcharges are charges levied by distribution companies (discom) on consumers who receive...
Patent Prosecution Highway – The IP Bridge between India and Japan
A Patent Prosecution Highway (PPH) is an examination cooperation programme for patent applications between the patent offices of two countries. It allows a patent applicant to request an accelerated examination of its application pending...
Shareholder disputes cannot exclude right to arbitration
Shareholder agreements involving Indian companies are usually governed by Indian law and often contain arbitration clauses covering disputes. Where foreign shareholders are involved, such clauses frequently designate Singapore or other foreign jurisdictions as the...
IBLJ In-house Counsel Awards
In-house Counsel Awards 2022
India Business Law Journal reveals the country’s leading in-house counsel and corporate legal teams in our very first awards. Gautam Kagalwala reports
Individual AwardsTeam Awards
For the inaugural India Business Law Journal In-house...
Opportunities for overseas IPOs
With the government set to permit the direct listing of Indian companies on overseas stock exchanges, Frost Brown Todd’s Bobby Majumder and David Zylka set down the advantages of going public on US and UK exchanges
In recent years,...
Tangled accounting practices fuel power disputes
Carrying costs and discounting factor, or discounting rate, are vital principles in calculating the relief awarded to parties in commercial disputes. Although both these economic concepts are based on the principle of the time...
CAM bags Singapore practice licence – and NDA’s office head
Cyril Amarchand Mangaldas (CAM) has received its foreign law practice licence to operate in Singapore, and brought on board Vivek Kathpalia, a former partner and head of Nishith Desai Associates’ (NDA) Singapore office.
“We are not here simply to...
Devil in the e-detail
The government is keen to support the growth of online trade, but its draft e-commerce rules could have the opposite effect. Freny Patel reports
India’s draft e-commerce rules have come under fire from industry experts...
Who’s in control?
The markets regulator has begun a process to move away from the broad concept of promoter to controlling shareholders in order to better identify who’s in charge. Shivanand Pandit reports
Paving the way for a...
ML Bhakta: The consummate polite professional
Mr ML Bhakta, the senior partner of Kanga and Company, passed away recently at the age of 89 due to heart failure.
Even in the past few years, Mr Bhakta had continued to remain active in the legal profession and...
India-Singapore corridor bridges fintech regulatory hurdles
The fourth industrial revolution has allowed fintech companies to transform the delivery of financial services through technology and innovation-driven efficiency and inclusive access. Technology has automated financial services and products as well as processes...
Climate challenges ahead
Time to walk the talk
In what was a first for South Asia, the Uttarakhand High Court in 2017 ruled that the Ganga and Yamuna rivers, and their catchment areas and tributaries, had rights as...
Dua assists fashion mogul in sale of Ritika stake
Dua Associates advised Ritika, owned by fashion designer Ritu Kumar, when Reliance Retail Ventures acquired 52% of the company, which included a 35% stake owned by Everstone Capital.
Khaitan & Co advised Reliance Retail Ventures,...
Burning question
Do lawyers have an increased responsibility in averting a climate catastrophe? Vandana Chatlani reports
In August, the Intergovernmental Panel on Climate Change (IPCC), a UN body for assessing the science related to climate change, published...
Amendments to FDI in the telecom services sector
The Ministry of Finance has released the gazetted copy of the Foreign Exchange Management (Non-debt Instruments) (Fourth Amendment) Rules, 2021 (amendment rules). The amendment rules revise the Foreign Exchange Management (Non-debt Instruments) Rules, 2019,...
Benefits of must-run status for renewable energy generators
To push the green India initiative, the Ministry of Power has recently introduced the Electricity (Promotion of Generation of Electricity from Must-Run Power Plant) Rules, 2021 (rules). Under the rules, renewable power plants are...
2021 act brings LLPs into the modern world
The Limited Liability Partnership (Amendment) Act, 2021 (act), recently took effect. It introduced significant changes to the Limited Liability Partnership Act, 2008 (principal act), applicable to limited liability partnerships (LLPs). The act makes the...
Unlocking new pastures for distressed investment in India
In the past half-decade, India has seen a great deal of investment and M&A activity in stressed assets. Large parts of this activity have focused on acquiring distressed companies through the Insolvency and Bankruptcy...
Keeping up with IP
India’s IP regime is going through a tumultuous period with the abolition of the IP appellate board earlier this year, the emergence of new technologies, and challenges associated with covid-19 vaccines. We brought together...
Cairn, government call truce on tax dispute
India’s contentious tax dispute with Scotland-based Cairn Energy has come to an end, putting to rest corporate litigation to seize the Indian government’s properties in France, and Air India’s assets overseas.
Cairn Energy CEO Simon...
CCI pours beer companies hefty penalty
India’s antitrust watchdog has nailed United Breweries, Carlsberg India and Anheuser Busch InBev (AB InBev) for indulging in cartelisation, and the All India Brewers Association has not been spared either for the role it...
India’s top law firm websites
What makes a good legal website, and which firms are achieving the best online engagement?
Law firm websites have a troubled history in India. For a long time they were effectively, if not explicitly, prohibited...
CSRming the fightback
The quick evolution of corporate social responsibility regulations played a crucial role in helping companies fight the pandemic. Nitin Mittal explains how legal teams rose to the challenge
CCorporate Social Responsibility (CSR) was once relegated...
Party autonomy now rules in arbitration law
Recent decisions of the Supreme Court have added to what is recognised as a pro-arbitration regime. One was PASL Wind Solutions Private Limited v GE Power Conversion India Private Limited, where the court ruled...
Data centres a new real estate class
A multitude of factors, including increased digitisation and data localisation norms, have fuelled the current boom of the data centre market. Data centres have emerged as a separate real estate asset class with potential....
Jumping ship
Several senior foreign lawyers with India expertise have joined new law firms of late. Vandana Chatlani explores what is prompting them to move
In the past 12 months, several foreign lawyers with prominent India-related experience...
Non-fungible tokens: The new kid on the block
In March 2021, Beeple, an American digital artist auctioned a non-fungible token (NFT) of an artwork he had created for an eye-popping USD69 million. The same month, Jack Dorsey, the CEO of Twitter, sold...
No minimum period for claims under bank guarantee
Section 28 of the Indian Contract Act, 1872 (ICA), in its original form inter alia made all such contracts void that limited the time within which a party may enforce its rights under a contract by...
Game not over
A spate of high-stakes legal victories means the fantasy sports format is here to stay, but there is still much to be done to stabilise the industry, writes Amol Apte at Dream11
Editor's note
Despite the...
Half empty or half full?
In an especially challenging year, India Business Law Journal’s annual market survey gauges the mood of the country’s lawyers and the health of the legal profession. Gautam Kagalwala reports
As the effects of the first...
Fox Mandal hires renewables head
AP Pasupathy has joined Fox Mandal & Associates as the head of its renewable energy practice, based in the firm’s Chennai office.
Pasupathy was previously associate vice president – project development at Nasdaq-listed ReNew Power.
Pasupathy...
ELF launched to focus on litigation finance
Pranav Mago, a former head of South Asia for the Singapore International Arbitration Centre, recently established a litigation finance consultancy called ELF Partners in Singapore.
According to Mago, litigation finance, or third-party funding of litigation...
New FDI rules prompt Yahoo News to exit India
Yahoo brought down the shutters on its news websites on 26 August as a result of recently updated foreign direct investment rules that limit foreign ownership of digital media.
“The decision did not come lightly”...
CCI puts brakes on Maruti discount controls
The Competition Commission of India (CCI) in August fined India’s leading automobile manufacturer, Maruti Suzuki, for dictating the discounts that dealers can offer, and penalising dealerships and individuals when they failed to toe the...
Digital intermediary rules leave open door for misuse
In February 2021, the government enacted the Information Technology (Intermediary Guidelines Digital Media Ethics Code) Rules, 2021, under the relevant provisions of the Information Technology Act, 2000. Companies had until 26 May 2021 to...
Hedging your bets with the liberalised remittance scheme
The Liberalised Remittance Scheme (LRS) under the forex control framework is a boon for Indian nationals, as it permits annual forex spending of up to USD250,000 with expectations that this threshold will be raised...
Singapore SPAC framework and opportunities
Special purpose acquisition companies (SPAC), also known as blank cheque companies, have no commercial operations, revenue-generating businesses or assets. They are formed to raise capital through initial public offerings (IPO) on securities exchanges with...
RBI revises classifications of PPIs
The Reserve Bank of India (RBI) on 27 August issued master directions on prepaid payment instruments (PPIs) with new classifications and to provide a framework for their authorisation, regulation and supervision.
New companies setting up...
KAL Radio out of tune on copyright
The relatively new provisions of the statutory licensing of copyrights have often caused confusion with respect to their interpretation. The courts have repeatedly faced the dilemma of whether to interpret those provisions narrowly or...
Straightening the winding road for MNCs going private
India, with its billion-plus marketplace, production and R&D facilities, occupies an important place in the global operations of multinational corporations (MNCs). The corporate vehicles of several foreign MNCs are listed on Indian stock exchanges....
Chasing change
Regulating for a slice of tech pie
Tax authorities across the globe have been denied access to big tech profits by strategies made possible because of the digitalisation of economies and the flattening of borders....
How to rebalance an unequal economic partnership
One of the primary objectives of the Comprehensive Economic Partnership Agreement (CEPA) reached between India and Japan in February 2011, was to liberalise and facilitate the trade in goods and services between the two countries....
Corporate and commercial e-interests yield to consumers
A new draft of the e-commerce rules was published in June 2021 and feedback is invited. The rules apply to all goods and services purchased or sold over electronic networks, including non-tangible products and...
Mapping global expertise
Top India-focused Law Firms 2007
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Top India-focused...
Electricity regulator continues to reign supreme for now
The conflict between electricity regulatory commissions and arbitrators in electricity sector disputes is a long-standing and vexed issue. In the recent case of Chief General Manager (IPC) MP Power Trading Co Ltd & Anr...
Seasoned art expert rejoins L&L
Subhash Bhutoria, an experienced IP and art lawyer, has rejoined L&L Partners in New Delhi as a partner designate to kickstart an art law practice at the firm.
“ Luthra has a keen interest in...
No place to hide
After years of freewheeling on light taxes, a global effort is closing in on big tech to extract a pound of flesh, writes Freny Patel
It’s been an open-ended abuse and one that irks most...
Non-signatories can be compelled to arbitrate
In Shapoorji Pallonji and Co Pvt Ltd v Rattan India Power Ltd and Anr, the issue before the Delhi High Court was whether a non-signatory to an arbitration agreement can be compelled to arbitrate....
Deep mining yields rewards from IBC resolutions
India is mineral rich, with the mining sector a powerhouse contributing INR913 billion (USD12.3 billion) to GDP. However, this sector, which is integral to government plans to revive the economy, has profitability problems. Falls...
Microfinance framework overhaul a welcome move
The Reserve Bank of India’s (RBI) comprehensive regulatory framework for microfinance prescribes requirements such as the nature of borrowers, maximum disbursement amounts and ceilings on interest rates and other charges. However, this framework applies...
Expatriates should beware of strict employment requirements
When non-Indian citizens are employed in India, they become as responsible for obtaining employment visas and complying with immigration laws as the companies that are sponsoring them and offering employment. The immigration process is...
The challenges ahead for Libor transition
The globally accepted, decades-old financial benchmark, the London interbank offered rate (Libor), retires at the end of 2021 for most rates, or by mid-2023 for others. The Reserve Bank of India (RBI) on 8...
Singapore allows third-party funding in dispute resolution
Pursuing a claim in court or through arbitration is expensive. Would-be claimants, having already suffered a loss, must make the difficult commercial decision whether to risk further resources to pursue their claims. Third-party funding...
A corridor to new Singapore economic partnerships
Singapore’s strategic maritime location, well-respected diplomatic links and excellent treaty network make it the gateway to Asian markets. With 29% of foreign direct investment (FDI), it heads the list of investors in India. The...
RBI puts freeze on Mastercard issuances
Mastercard’s failure to comply with the Reserve Bank of India’s (RBI) directive to store payment data in the country has left private sector banks including HDFC Bank, ICICI Bank, RBL Bank and Yes Bank,...
Do hybrid companies still exist?
Private entities that are legally deemed to be public, yet permitted to retain private characteristics such as restrictions on share transferability, are called hybrid companies. In the Tata-Mistry dispute, the National Company Law Appellate...
Making sense of markets
Jitters, uncertainty can move stock prices
A superstar footballer moves two Coke bottles out of the spotlight during a press conference and replaces them with water, reportedly prompting a USD4 billion drop in Coca-Cola’s market value....
SPACs: Why PIPE investments play a key role
Lynwood Reinhardt and Brooke Dorris examine the impact of private investment in public equity on de-SPAC transactions
The SPAC, or special purpose acquisition company, is a resurgent spin on the relatively well-trodden concept of a...
Gender in justice
Senior women lawyers across Asia share their personal stories of success, strategy, struggle and loss, all towards a more inclusive legal profession. Putro Harnowo reports
The legal profession has long been subject to criticism for...
Captive generation: APTEL breaks a few chains
Captive generation is the new battlefield between generators and distribution companies (DISCOM). While captive generation appeals to consumers and generators by providing a cheaper source of electricity, DISCOMs have resisted captive generation projects. This has...
Lockdown impact on travel, residency and finances
Working from home and in remote domestic and overseas locations was rare until 2020, when it became a way of life due to global pandemic lockdowns. While now a familiar situation, the law in India...
Alpha inducts food, retail head
Vikram Raj has joined Alpha Partners as a partner in Bengaluru, and will head its food and retail (regulatory and litigation) practice. Raj joins from Farm to Fork Solutions, where he was head of...
New frontiers for arbitrations seated in Singapore
Supreme Court judgment opens new frontier for Singapore-seated arbitration for Indian parties, write Sreenivasan Narayanan, Raja Bose and Rob Houston
The Supreme Court’s landmark decision in PASL Wind Solutions Private Limited v GE Power Conversion...
Challenging tabooze
A conversation with Anand Vijay Jha, a former regulator, who has switched sides to head public policy at United Breweries. He talks to Freny Patel about taking on the challenging task of changing the...
WhatsApp shutters plan to enforce privacy update
Who would have imagined India, without a data privacy law, could make the Facebook-owned messaging service, WhatsApp, change its stance and adopt a more favourable approach to its privacy policy update? This is a...
CAM hires GIFT City partner
Ketaki Gor Mehta has joined Cyril Amarchand Mangaldas (CAM) at its office in GIFT City, which is the country’s first international financial services centre based in Gandhinagar, Gujarat state.
Mehta joins from Desai & Diwanji,...
Lall & Sethi’s Singapore hire part of ‘grand plan’
Pankaj Monga has joined Lall & Sethi as a partner based in Singapore to head the firm’s brand protection, risk management and strategy practice as the firm expands its footprint in the Asia-Pacific.
“There are...
Downstream investments by NRIs are not foreign investments
Investments by non-resident Indians (NRI) in Indian entities, that is companies or LLPs, on a non-repatriation basis are deemed to be domestic investments and treated equally with investments by residents. However, the Foreign Direct...
L&L Partners assists restructure of Shapoorji Pallonji debt
L&L Partners advised State Bank of India in a one-time restructuring of outstanding loans of about INR200 billion (USD2.69 billion) of Shapoorji Pallonji & Company. Desai & Diwanji advised Shapoorji Pallonji & Company, which...
Will PLIs give Japanese manufacturing a boost in India?
Japan has a history of investment and joint ventures in India. Foreign direct investment from Japan increased to USD35 billion between 2000-2020, with USD10 billion worth of inbound mergers and acquisitions in 2015-2020 alone....
Supreme Court: Party autonomy is the backbone of arbitration
The Supreme Court in a recent landmark judgment titled PASL Wind Solutions Private Limited v GE Power Conversion India Private Limited ruled that nothing stands in the way of party autonomy in designating a...
Industry, government align on green energy goals
Recent expansion patterns of companies worldwide signal a shift towards opting for renewable alternatives in order to achieve a sustainable global energy balance. Countries have reiterated their commitment to achieving the United Nations agenda...
When SPACs come knocking
Ashok Lalwani and Mark Bell explore the opportunities and risks associated with Indian companies taking the SPAC route
With the accelerated rise of special purpose acquisition companies (SPACs) in the US and Europe in 2020...
The fragile position of independent directors of banks
The improvement of corporate governance norms of banks has been on the agenda for many years. However, after egregious irregularities and misconduct at the highest levels were found at some well-known banks and non-banking...
Obscurities relating to availability of ITC for covid-19 supplies
In the course of just a year, times have changed and we have journeyed from a sense of normalcy to absolute anomaly. The outbreak of the pandemic has brought the world to an abrupt...
Cryptocurrencies unchained?
Since the Supreme Court overturned India's ban on cryptocurrencies, trading volumes have increased exponentially and home-grown crypto startups have blossomed. But the government has yet to establish a regulatory regime, and reports of another...
In dire straits
Critical situation requires unified response
Few could have imagined the day when a judge of Delhi High Court would urge the state “to beg, borrow or steal”. The judge was just one of many across...
Vaccinating your staff?
The government has allowed the private sector to step in and vaccinate staff. Pharma legal expert Shantanu Mukherjee and co-author Sampreetha Kumar explain how to navigate setting up a vaccination facility for your employees
Policy...
Trust structures from an FDI perspective
Trust structures are increasingly gaining popularity for wealth and succession planning in India where most businesses are family driven. Increased global business opportunities have led business families, particularly the younger generations, to migrate and...
Risky share swaps useful to fund cross-border activity
As the Indian start-up ecosystem matures, there’s a growing trend among companies in cutting-edge industries to access new technologies, recruit the best talent and gain market share and advantage by buying global offshore businesses....
InvITs continue to evolve in infrastructure M&A
The infrastructure sector has seen much M&A and private equity activity in recent years. While some sub-sectors have contracted due to the pandemic with a consequent slowdown in M&As, others such as renewable energy...
Indian Law Firm Awards 2021
Discover our other annual awards Award
Vandana Chatlani reports
India has faced a terrible year battling the covid-19 pandemic. Companies and law firm offices shut shop. Homes were turned into work spaces, and lawyers relied on...
Austria is the EU partnership model after Brexit
The European Union has been one of India’s biggest trading partners. Investors and small and medium enterprises from the EU have proved loyal partners for companies over many decades. Market entry and expansion between...
Factors when drafting arbitration clauses in commercial contracts
In the recent case of PASL Wind Solutions Pvt Ltd v GE Power Conversion India Pvt Ltd, the Supreme Court allowed two Indian parties to elect a foreign seat of arbitration and clarified that...
Panacea or problem?
SPACS have generated tremendous interest in India, but are these re-emerging investment tools really a practical alternative to IPOs and a panacea for reviving capital markets? And just how tightly should they be regulated?...
Secretariat opens its doors in India
Expert services and litigation consulting firm Secretariat has expanded to India with the opening of an office in Mumbai and the appointment of Mrinal Jain as a director.
Jain will lead the firm’s economic damages...
Getting what’s rightfully due
General counsel should be professionally recognised via a review of The Advocates Act, and be supported by a regulatory body, write General Counsels’ Association of India founders Akhil Prasad and Sanjeev Gemawat
The legal...
Tread carefully with TM
The improper use of trademark symbols in overseas markets can cause headaches for in-house lawyers writes Shreekanth Katti
The marketing, commercial and business development departments of companies work hard to create brand names in order...
Can the Startup India Seed Fund Scheme be a game-changer?
The Startup India Seed Fund Scheme gives an impetus to the seed funding initiative of the government. The policy and guidelines were released after the scheme was announced in January 2021. The government has...
Revised regulations on due diligence for listed debentures
In November 2020, the Securities and Exchange Board of India (SEBI) issued a circular on due diligence to be carried out by debenture trustees on security for listed debentures. The circular prescribed additional obligations...
Indian parties can choose foreign seated arbitrations
The Supreme Court put to rest the contentious issue on foreign-seated arbitration last month in a landmark judgment that brings India in line with international best practices and paves the way for Indian parties...
Court: Invoke compulsory licensing to combat covid
Patent holders of life-saving drugs for treating covid are likely to voluntarily grant licensing to generic companies to produce the patented drugs, which are in short supply as mortality rates soar in India.
This is...
RBI restricts investments in NBFC from FATF non-compliant countries
The Reserve Bank of India (RBI) issued a notification on 12 February 2021 further restricting investments in non-banking financial companies (NBFC) from jurisdictions, which are on the Financial Action Task Force’s (FATF) black list...
Bathiya, IndusLaw assist on pharma-tech acquisition
IndusLaw advised pharma-tech startup Pharmarack Technologies when ABCD Technologies acquired a 91.8% stake in it for ₹1.1 billion (US$14.8 million).
Shareholders in Pharmarack Technologies included the venture capital fund IvyCap Ventures, which used its in-house...
Work from home has seen a mixed reaction: Haigreve Khaitan
Haigreve Khaitan, the senior partner of Khaitan & Co, talks to India Business Law Journal about how his firm has been tackling the ongoing pandemic, its impact on deal values and his views on...
