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04 Jan '21
Hello! We are back in your inbox with updates from India’s corporate legal landscape for the month of November and December. As we approach the end of this calendar year, reforms in the fintech sector seem to be trending. After we wrote about it previously, the Reserve Bank of India (RBI) has notified guidelines for […]
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29 Dec '20
Hello! Welcome back to our updates on arbitration law. The Supreme Court of the United Kingdom in Halliburton Company v. Chubb Bermuda Insurance Ltd has held that English courts will apply the objective test of the fair-minded and informed observer while dealing with allegations of apparent bias in England-seated arbitrations. The Court further held that […]
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21 Dec '20
Hello! Welcome back to our updates on Indian insolvency and restructuring laws. IBBI regulations will now permit a corporate debtor’s asset that is “not readily realisable” to be transferred to a third party in consultation with stakeholders. Creditors can also transfer debt due to them to a third party. India’s securities regulator has said that […]
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27 Nov '20
Hello! For our readers in India, we hope that you had an enjoyable Diwali and remain safe! Welcome back to our updates on arbitration law. The scuffle between Amazon and Reliance Industries Limited to gain some greater foothold in the Indian retail e-commerce space has reached the SIAC. An emergency order has been passed to […]
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17 Nov '20
Hello. Welcome back to updates on insolvency and restructuring law from India for September and October, 2020. In order to provide further time to corporates to recover from the impact of Covid-19, the Union Government has extended from 25.09.2020, the period during which no insolvency resolution process can be filed against corporate debtors by a […]
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07 Nov '20
We are back in your inbox with updates from India’s corporate legal landscape for the month of October. The Ministry of Corporate Affairs has announced that, during the financial year 2020-21, non-compliance with the residency rule of 182 days in a year for at least one director in each company will not attract any penal […]
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16 Oct '20
Hello! Welcome back to our updates on arbitration law. The biggest development for Indian arbitration since we last wrote to you has been the Permanent Court of Arbitration’s decision in favour of Vodafone International Holding BV in relation to the retroactive applicability of tax. Naturally, the decision will have some policy implications. The Indian government’s […]
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01 Oct '20
We are back in your inbox with updates from India’s corporate legal landscape for the month of September. This month witnessed the shortest monsoon session of the Parliament and arguably the most effective one. Parliament amended the Companies Act, 2013 to decriminalise certain offences, relax CSR obligations and beneficial ownership compliances, setting up of new […]
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26 Sep '20
Hello! Welcome back to updates on arbitration law. The London Court of International Arbitration (LCIA) has released the LCIA Arbitration Rules and the LCIA Mediation Rules (2020). The updates in the rules aim to provide a more streamlined process for arbitrators, mediators, and contesting parties. Among the changes was the introduction of electronically signed awards […]
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11 Sep '20
Hello and welcome back to the updates on Indian insolvency law! Following the Enforcement Directorate’s plea that the National Company Law Appellate Tribunal had no jurisdiction to unfreeze and approve the sale of an asset attached by it, JSW Steel’s ₹19,700-crore bid to acquire Bhushan Power is hanging by a thread. After the agency filed […]