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9 May 2023 at 09 : 38 AM
Gaming Hotline: Foreign investments in entities offering games with no real-money rewards does not amount to gambling – upheld by Bombay High Court
Read MoreMay 09, 2023 FOREIGN INVESTMENTS IN ENTITIES OFFERING GAMES WITH NO REAL-MONEY REWARDS DOES NOT AMOUNT TO GAMBLING – UPHELD BY BOMBAY HIGH COURT The Petitioner, Play Games 24X7 Pvt. Ltd. owned and operated www.rummycircle.com, my11circle (“Petitioner”). The Petitioner had periodically received foreign direct investment (“FDI”) during 2006 – 2012 (“Relevant Period”). The Petitioner started […]
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5 May 2023 at 16 : 37 PM
Corpsec Hotline: Reverse Flipping: Time to ‘Internalise’ Into India Inc!
Read MoreMay 05, 2023 REVERSE FLIPPING: TIME TO ‘INTERNALISE’ INTO INDIA INC! INTRODUCTION ‘Flipping’ refers to the process of transferring the entire ownership of an Indian entity to an entity incorporated abroad, along with a transfer of the key assets such as intellectual property. The resultant structure is an Indian company becoming a wholly owned subsidiary […]
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5 May 2023 at 11 : 29 AM
Dispute Resolution Hotline: Arbitrability under Indian Law
Read MoreMay 02, 2023 ARBITRABILITY UNDER INDIAN LAW Our International Disputes practice members Vyapak Desai and Ritika Bansal write for the second volume of the the Legal Industry Reviews analysing various precedents and guiding test for determining the arbitrability of disputes in India. Read more: https://thelegalindustry.com/india/ – Ritika Bansal & Vyapak Desai You can direct your queries or comments […]
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5 May 2023 at 09 : 42 AM
Competition Law Hotline: The Competition (Amendment) Act, 2023
Read MoreMay 05, 2023 THE COMPETITION (AMENDMENT) ACT, 2023 BACKGROUND After being passed by both the Lok Sabha and Rajya Sabha on March 29, 2023 and April 3, 2023 respectively, the Competition (Amendment) Bill, 2023 received the President’s assent on April 11, 2023 to become the Competition (Amendment) Act, 2023 (“Amendment Act”). The Amendment Act […]
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4 May 2023 at 16 : 09 PM
New Publication: Medical Device Industry in India
Read MoreMedical Device Industry in India Regulatory, Legal and Tax Issues May 04, 2023 India is counted among the top 20 global medical devices market and is presently valued at USD 11 billion and is expected to reach USD 65 billion by 2024. The Indian medical device market is dominated by imported products, which comprise […]
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4 May 2023 at 09 : 36 AM
Dispute Resolution Hotline: Unilateral appointment of Arbitrators: looking beyond Perkins
Read MoreMay 04, 2023 UNILATERAL APPOINTMENT OF ARBITRATORS: LOOKING BEYOND PERKINS The prohibition on unilateral appointment of arbitrators is well-settled in Indian law. Our team comprising of Ritika Bansal, Shweta Sahu and Vyapak Desai challenge whether such a blanket ban is desirable to begin with. Please read more in the article ‘Unilateral Appointment of Arbitrators: […]
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3 May 2023 at 19 : 10 PM
Regulatory Digest: ‘Sync’ or Swim: Navigating The Legal Waters of ‘Sync’hronized Trades in India
Read MoreMay 03, 2023 ‘SYNC’ OR SWIM: NAVIGATING THE LEGAL WATERS OF ‘SYNC’HRONIZED TRADES IN INDIA INTRODUCTION The price discovery mechanism is the cornerstone of a modern stock exchange. The price of securities and assets at large, not only facilitate efficient trade but also act as a barometer of the economy. This price discovery mechanism of […]
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3 May 2023 at 15 : 19 PM
Timeline to seek setting aside of arbitral awards are inviolable: Supreme Court
Read MoreMay 3, 2023 Recently, the Supreme Court of India upheld that an application for setting aside an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996, must be filed within the prescribed period of limitation i.e. 90 +30 days. The judgment sets a strict reminder that timelines for filing a challenge […]
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3 May 2023 at 12 : 02 PM
New Publication: The Indian Pharmaceutical Industry
Read MoreThe Indian Pharmaceutical Industry Regulatory, Legal and Tax Overview May 03, 2023 The Indian pharmaceutical industry has been witnessing significant growth over the past few years and is expected to grow to USD 130 billion in value by the end of 2030. For a global pharmaceutical company seeking to enter the Indian pharmaceutical market […]
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3 May 2023 at 09 : 41 AM
AI Regulation : EU’s Draft AI Act (May 03, 2023)
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2 May 2023 at 09 : 38 AM
RBI IT Outsourcing Regulations April 02, 2023
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26 April 2023 at 13 : 57 PM
Winning Together: Exploring the dynamics of India-Singapore relations for Fund Structuring and Deal Making
Read MoreSpeakers: Hoon Chi Tern Philip Yeo Nishchal Joshipura Harshita Srivastava Nandini Pathak Dibya Behera
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26 April 2023 at 11 : 11 AM
Technology Law & Regulatory Hotline: New Legal Framework for Outsourcing of IT Services in India’s BFSI Sector
Read MoreApril 26, 2023 NEW LEGAL FRAMEWORK FOR OUTSOURCING OF IT SERVICES IN INDIA’S BFSI SECTOR New legal considerations and contractual requirements for IT service providers to banks and financial institutions in India. IT service providers to be under additional level of compliance, audit and oversight, data storage norms and cyber security incident reporting. New […]
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25 April 2023 at 17 : 27 PM
NDA represents Teachers Insurance and Annuity Association of America in its investment in Aviom Housing Finance
Read MoreApril 25, 2023 NDA REPRESENTS TEACHERS INSURANCE AND ANNUITY ASSOCIATION OF AMERICA IN ITS INVESTMENT IN AVIOM INDIA HOUSING FINANCE PRIVATE LIMITED DEAL BRIEF Teachers Insurance and Annuity Association of America (“TIAA”) has signed definitive documents to invest in Aviom India Housing Finance Private Limited (“Aviom”), a Non-Banking Financial Company classified as an NBFC-HFC (Housing […]
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25 April 2023 at 13 : 43 PM
Dispute Resolution Hotline: Delhi High Court lifts corporate veil to enforce arbitral award against the Union and Delhi Government
Read MoreApril 25, 2023 DELHI HIGH COURT LIFTS CORPORATE VEIL TO ENFORCE ARBITRAL AWARD AGAINST THE UNION AND DELHI GOVERNMENT Doctrine of lifting of the corporate veil is no longer applicable only in the context of the facade and sham tests; the principle may also be applied where equity and the ends of justice may […]
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25 April 2023 at 09 : 11 AM
Experience Sharing on Critical CCI issues on a Deal (April 25, 2023)
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