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01 Apr '21
Welcome back to our updates from the world of arbitration! The Singapore International Arbitration Centre has released its annual report for 2020. India-based parties top the list of users with more than half of the cases involving Indian parties. The International Bar Association released a toolkit which aims to provide guidance to parties, counsel and arbitrators in situations where […]
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01 Apr '21
We hope you had a colorful and joyful Holi. We are back in your inbox with updates from India’s corporate legal landscape for the month of February and March. The Reserve Bank of India (RBI) has mandated the usage of Cheque Truncation System (CTS) across the country w.e.f. September 30, 2021 and passed the Reserve Bank of India […]
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18 Feb '21
Hello and welcome back to our updates on insolvency and restructuring. The Ministry of Corporate Affairs invited comments from the public on the proposal for pre-pack insolvency resolution. This mechanism is intended to be debtor-in-control instead of the creditor-driven process under the IBC at present. Our partner, Ms. Mani Gupta commented on this development in […]
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17 Feb '21
We are back in your inbox with updates from India’s corporate legal landscape for the month of January. Now that we are past 2020, let us together start 2021 with new hopes, new aspirations and a new set of reforms. The Reserve Bank of India (RBI) issued operational guidelines for claiming subsidy under its Payments […]
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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 […]