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13 August 2024 at 11 : 14 AM
Dispute Resolution Hotline: India’s New Criminal Justice System: Turning A Month Old With Baby Steps
Read MoreAugust 13, 2024 INDIA’S NEW CRIMINAL JUSTICE SYSTEM: TURNING A MONTH OLD WITH BABY STEPS This article was first published in bwlegalworld.com (August 06, 2024). It has been a month since the controversially passed new criminal laws have been in force. Faced with the mammoth mandate of replacing criminal laws which are more than […]
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5 August 2024 at 16 : 15 PM
Regulatory Hotline: Public Procurement Framework for Make in India – Revised to strengthen domestic manufacturing objectives
Read MoreAugust 05, 2024 PUBLIC PROCUREMENT FRAMEWORK FOR MAKE IN INDIA – REVISED TO STRENGTHEN DOMESTIC MANUFACTURING OBJECTIVES Revision order provides clarity on calculation of local content percentage Imported items to be excluded from local content calculation Clarity provided on contracts for supply of multiple items Relaxation on timeline for submission of local content verification […]
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1 August 2024 at 09 : 26 AM
M&A Lab: Decoding Burman Family’s Hostile Takeover of Religare
Read MoreAugust 01, 2024 DECODING BURMAN FAMILY’S HOSTILE TAKEOVER OF RELIGARE Enter the arena of a rare boardroom clash for control of a non-promoter led listed financial services entity in India. Picture Religare Enterprises Limited (“REL”) caught in the vortex of a takeover saga instigated by the Burman Family. What commenced as a conventional acquisition […]
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25 July 2024 at 16 : 27 PM
Dispute Resolution Hotline: Time to view Arbitration as a Parallel rather than an Alternative Dispute Resolution Mechanism?
Read MoreJuly 25, 2024 TIME TO VIEW ARBITRATION AS A PARALLEL RATHER THAN AN ALTERNATIVE DISPUTE RESOLUTION MECHANISM? Government Guidelines: Recent guidelines discourage routine arbitration in domestic procurement contracts, limiting its default use to disputes below INR 10 crores and mandating careful consideration for higher-value disputes. Role of Arbitration: Despite governmental caution, arbitration appears to […]
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25 July 2024 at 11 : 31 AM
Insolvency and Bankruptcy Hotline: Can a credit contained in an arbitral award be used to initiate corporate insolvency resolution process under India’s Insolvency and Bankruptcy Code, 2016?
Read MoreJuly 25, 2024 CAN A CREDIT CONTAINED IN AN ARBITRAL AWARD BE USED TO INITIATE CORPORATE INSOLVENCY RESOLUTION PROCESS UNDER INDIA’S INSOLVENCY AND BANKRUPTCY CODE, 2016? This article was first published in Insolvency and Restructuring International Vol 18 No. 1 (May 2024). India’s Supreme Court has held that a final judgment or decree from […]
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24 July 2024 at 10 : 27 AM
India Budget Analysis 2024-25
Read MoreFor International Business Community July 24, 2024 UNION BUDGET 2024: PAVING THE WAY FOR DEVELOPED INDIA The Finance Minister, Ms. Nirmala Sitharaman (FM) presented the Union Budget (“Budget”) for financial year (“FY”) 2024-25 on July 23, 2024. This was the first Budget of the newly elected Government. Compared to the last two terms, there was […]
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20 July 2024 at 14 : 02 PM
Deal Corner: NDA Represents Steadview Capital Mauritius Limited in its investment in Ethereal Machines Private Limited
Read MoreJuly 20, 2024 NDA REPRESENTS STEADVIEW CAPITAL MAURITIUS LIMITED IN ITS INVESTMENT IN ETHEREAL MACHINES PRIVATE LIMITED DEAL BRIEF Steadview Capital Mauritius Limited (“Steadview”) participated as one of the lead investors in a USD 13 Million Series A round of funding for the manufacturing startup, Ethereal Machines Private Limited (“Ethereal”), which included other investors […]
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19 July 2024 at 12 : 45 PM
Dispute Resolution Hotline: Guesstimates in assessing damages by the arbitrator a possibility? Delhi High Court opines
Read MoreJuly 19, 2024 GUESSTIMATES IN ASSESSING DAMAGES BY THE ARBITRATOR A POSSIBILITY? DELHI HIGH COURT OPINES A division bench of the Delhi High Court held that arbitrators may use “guesswork” and “rough and ready” methods for calculating damages when precise quantification of losses is difficult, but not impossible. The court also held that under […]
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15 July 2024 at 16 : 11 PM
New Publication: Evolution of Generative AI
Read MoreLegal, Regulatory and Ethical Frontiers July 15, 2024 The rise of generative artificial intelligence (“GAI“) technologies presents a multifaceted legal landscape that demands thorough exploration and regulation. Our research paper discusses the techniques behind generating various types of content through GAI models and lays forth a description of the training processes for these […]
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12 July 2024 at 17 : 39 PM
Regulatory Digest: Mid-Year FPI Wrap 2024: Developments in the Foreign Portfolio Investor Regime
Read MoreJuly 12, 2024 MID-YEAR FPI WRAP 2024: DEVELOPMENTS IN THE FOREIGN PORTFOLIO INVESTOR REGIME The significant developments in the FPI space in the first half of 2024 are: Release of updated Master Circular for FPIs. Amendment to circular mandating additional disclosures by FPIs that fulfil certain objective criteria. Circular on relaxation of timeline for […]
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12 July 2024 at 17 : 20 PM
FEMA Regulatory Services Unit in Citibank (July 09, 2024)
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12 July 2024 at 09 : 34 AM
Investment Funds: Monthly Digest: SEBI Approves Borrowings for AIFs and Cap On Large Value Fund Extensions: Insights and Implications
Read MoreJuly 12, 2024 SEBI APPROVES BORROWINGS FOR AIFS AND CAP ON LARGE VALUE FUND EXTENSIONS: INSIGHTS AND IMPLICATIONS SEBI permits borrowing by Category I and Category II AIFs to meet temporary shortfall in drawdown from investors. Cooling off period of 30 days to be applicable between 2 instances of borrowing. SEBI caps extension of […]
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10 July 2024 at 13 : 48 PM
Tax Hotline: Tax Issues for Foreign Law Firms Entering India
Read MoreJuly 10, 2024 THE FINANCIAL SERVICES BULLETIN This article was first published on July 08, 2024 by Bloomberg Tax. The Indian legal services industry is witnessing a paradigm shift as the government has recently lifted its restrictions on foreign law firms from operating in India. While this change is currently limited to permitting advice […]
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9 July 2024 at 17 : 35 PM
Deal Corner: NDA Represents Steadview Capital Mauritius Limited in the Pre-IPO Acquisition of the Shares of Le Travenues Technology Limited
Read MoreJuly 09, 2024 NDA REPRESENTS STEADVIEW CAPITAL MAURITIUS LIMITED IN THE PRE-IPO ACQUISITION OF THE SHARES OF LE TRAVENUES TECHNOLOGY LIMITED DEAL BRIEF Steadview Capital Mauritius Limited (“Steadview”) acquired shares of Le Travenues Technology Limited (“Ixigo”) from three of its existing shareholders namely, Peak XV Partners Investments V, Madison India Opportunities Trust Fund and […]
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9 July 2024 at 09 : 31 AM
Regulatory Digest: The Financial Services Bulletin
Read MoreJuly 09, 2024 THE FINANCIAL SERVICES BULLETIN This is the first edition of Nishith Desai Associates’ quarterly financial services newsletter in collaboration with US-India Business Council. INTRODUCTION The Indian financial services sector (“FS”) offers promising opportunities of investment and consolidation to investors and stakeholders alike, considering the recent growth of this sector in India. […]
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8 July 2024 at 14 : 30 PM
Deal Corner: NDA Represents Synchronoss Technologies in Sale of Messaging and Networkx Businesses to Lumine Group
Read MoreJuly 08, 2024 NDA REPRESENTS SYNCHRONOSS TECHNOLOGIES IN SALE OF MESSAGING AND NETWORKX BUSINESSES TO LUMINE GROUP DEAL BRIEF Synchronoss Technologies (“Synchronoss”) recently sold its Messaging and NetworkX businesses to Lumine Group (“Lumine”) (“Transaction”). Synchronoss is a global leader and innovator in cloud, messaging, and digital products and platforms. Lumine is a global […]
