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Pledge disclosures: a rule or an exception?
Aloan against shares (especially shares of listed companies) is a mechanism routinely adopted by lenders to provide financing. However, the adverse market conditions and falling stock prices that have prevailed since early 2008 have...
Patent intelligence reports provide business insights
Apatent document fully discloses the working of an invention in a particular field of technology. The technical details of more than 70% of the world’s major innovations are made publicly available through granted patents...
Corporate governance: A paradigm shift needed
A great deal has been written about corporate governance in India since the turn of the millennium, when the nation’s economy was gaining prominence on the world stage. It became a buzzword in boardrooms...
Fitting the bill
As clients turn against hourly rate billing, LPO providers are stepping in with an innovative range of alternative fee structures. Lesley Sutherland reports
Writing on his blog, Legal Process Outsourcing, industry observer Rahul Jindal doesn’t mince his words:...
Choosing your battlefield
Location is a critical factor in the success of dispute resolution proceedings. A wise choice of venue bodes well for the speed, quality and enforceability of the ruling. Alfred Romann reports
In his masterpiece Bleak House,...
Singh swings it
But what does the election result really mean for the business of law and the law of business in India? Alfred Romann reports
Compared with previous outcomes, India’s national election in mid-May was a landslide. The...
Leading from the front
Top India-focused Law Firms 2007
Top India-focused Law Firms 2008
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Top India-focused Law Firms 2013
Top India-focused Law Firms 2014
Top India-focused Law Firms 2015
Top India-focused...
Roche plea on cancer drug patent dismissed
Recently the division bench of Delhi High Court allowed domestic drug major Cipla to sell its generic version of the lung cancer drug Erlotinib, dismissing an appeal filed by F Hoffmann-La Roche (Roche) and...
Minority can be squeezed out if price is fair
In a recent judgment by Bombay High Court in the case of Sandvik Asia Limited v Bharat Kumar Padamsi and Ors, which pertained to the reduction of share capital under sections 100 to 104...
Companies cannot rely on right to privacy
In Petronet LNG Limited v Indian Petro Group & Anr, Delhi High Court was asked to decide whether the right to freedom of speech and expression overrides the right of privacy and confidentiality. Petronet LNG...
CPA crowned leading LPO
Legal process outsourcing company CPA Global has been recognized by the International Association of Outsourcing Professionals (IAOP) as one of the world’s top outsourcing providers.
The IAOP’s 2009 Global Outsourcing 100 rankings placed CPA Global...
Bhullar leaves AZB for Khaitan
Infrastructure specialist Prabjot Singh Bhullar has left AZB & Partners to take up a partnership position in the Delhi office of Khaitan & Co. He worked with J Sagar Associates for over six years...
Benefits outweigh the risks
Dear Madam,
I read with interest your article (The perils of patent outsourcing, India Business Law Journal, volume 2, issue 10) on the benefits and potential risks of outsourcing patent work. While there are risks...
Investment opportunities in US financial services assets
The Public-Private Investment Program (PPIP) that was announced on 23 March by the US Treasury Department (UST) presents significant opportunities for private investors looking to take advantage of current market uncertainty. The PPIP encourages...
Analysing restrictions on the transfer of shares
The issue of restriction on the transfer of shares of a company incorporated under the Companies Act, 1956, has been an area of concern for some time. While the law is fortified under the...
Give teeth to the audit committees
The audit committee is the immune system of a corporation. It forms a key element in the corporate governance process, in the context of the financial disclosures to be made by a company. In...
Lack of protection for whistleblowers in India
India’s lack of protection for whistleblowers leaves it vulnerable to large-scale corporate fraud. Ben Frumin reports
Start a discussion about whistle blowing in India and it won’t be long before Satyendra Dubey’s name comes up.
Dubey was...
The perils of patent outsourcing
Innovators and law firms that outsource their patent drafting to India risk falling foul of US export regulations. Peter Ludwig explains
In recent years, legal process outsourcers (LPOs) have become an integral part of the global...
Rebuilding corporate India
Law firms retool as their clients restructure and refinance their operations. Alfred Romann reports
Some India-focused lawyers are twiddling their thumbs these days. It’s a far cry from the same time last year, when they were...
Survival of the fittest
George W Russell investigates how Indian law firms are faring in the economic downturn
India is bracing itself for a tough year. For the past few months, both the government and private sector had expected...
See you in court!
Arbitration is gaining widespread popularity on account of its speed, neutrality and confidentiality. But in certain situations, litigation remains the best option, argues Sonal Godhwani of Aditya Birla
The purpose of international commercial arbitration is...
Making your mark
The economic downturn must not deter rights owners from deploying smart strategies to protect and build their intellectual property portfolios. Vandana Chatlani reports
John Squires, a partner and co-chair of the IP practice at Chadbourne &...
Expat salary tax to be deducted at source
The Supreme Court of India recently delivered a landmark judgment in the case of Eli Lilly (and various others) on the issue of deducting tax at source (TDS) on expatriate salaries. The decision finally...
Obama’s tax rules upset outsourcers
There is uproar in outsourcing circles after US president Barack Obama announced a proposal to tax expenditure by US companies on offshored services, beginning in 2011. The move is seen as an attempt to...
GSK, Pfizer patents rejected
Delhi Patent Office has turned down patent applications submitted by GlaxoSmithKline (for its anti-diabetic drug Avandia) and by Pfizer (for its cholesterol-lowering drug Caduet) that, if granted, would have ensured no other company could...
Pharma giants merge HIV divisions
Two of the world’s largest pharmaceutical groups have agreed to create a new, jointly controlled company to develop and sell their combined portfolios of HIV medicines.
On 16 April, GlaxoSmithKline (GSK) and Pfizer announced that...
Tech Mahindra wins bid for Satyam
Indian IT services provider Tech Mahindra, an outsourcing group partly owned by British Telecom of the UK, has won a controlling stake in Satyam Computer Services. Satyam is India’s fourth largest outsourcing company and...
Jumping on the bandwagon
Dear Madam,
I read with interest the article carried in the April issue of your magazine (Protecting hidden value) on the challenges posed by the economic downturn and the comments offered by the legal fraternity.
My...
Prepare for a new era
Emerging from the downturn is just the beginning. Corporates and their legal advisers will need to raise their game or flounder. But how?
With the end of the era of “easy growth” comes renewed focus...
ARRA: Stimulus for the 21st century
The American economy is in crisis. More than 3.5 million jobs were lost over the last year. Americans have not seen this level of employment decline since the end of World War II. The...
New FDI policies create confusion in retail industry
India has so far not allowed any foreign direct investment (FDI) in the multi-brand retail industry, due to internal political opposition to the entry of multinational retail giants. Voices both within and outside government...
Open access triumph for renewable energy projects
In a nutshell, open access is the use of transmission lines or a distribution system by any operator for moving electricity from the point of generation to the point of use.
The Electricity Act, 2003,...
More must be done to prevent false disclosures
The statements made by a company (whether private, listed, or unlisted) in its financial disclosures form the backbone of corporate governance. These disclosures provide valuable insights into the financial health of a corporation, and...
NBFCs: Can banks still benefit from regulatory arbitrage?
Until recently, non-banking financial companies (NBFCs) were less-stringently regulated than banks by the Reserve Bank of India (RBI), and were thus considered an arbitrage boon in disguise by the financial services sector. NBFCs became...
Protecting hidden value
With company budgets under pressure, IP owners are rethinking their protection strategies. Cutting costs in this vital domain may prove not merely a false economy but a fatal miscalculation. Vandana Chatlani reports
With corporate budgets slashed,...
Bargain hunting in Europe
France’s acquirer-friendly insolvency laws make it an attractive destination for Indian corporates in search of acquisitions. François Montrelay, Ulrike Heidegger and Stéphane Béraud explain
As the world’s sixth largest economy, France is an important destination for...
Picking up the pieces
Insolvency proceedings are complex and offer no guarantee that secured creditors will recoup their funds. Harry Upcott investigates the insolvency regimes in key jurisdictions and asks whether restructuring is a more attractive option
Since the...
Private equity returns
Following a battering in the financial storm, private equity is once again showing signs of life. A new emphasis on risk mitigation means lawyers will play a key role in its recovery. Chris Crowe reports...
Going the distance
Foreign law firms face new hurdles in the race to build India practices. Do they have the stamina to stay the course? George W Russell reports from Bangalore
With international financing severely crimped and billions of...
Command and control
Indian and international corporates can cut costs by streamlining the management of contractual relationships with their key vendors, argues Rahul Shah of Infosys
In these testing times, it is imperative for international corporations to gain and maintain...
High court upholds legality of derivatives
In one of the first cases of its kind in India, it was recently held by the Madras High Court in Rajshree Sugars and Chemicals Limited v AXIS Bank Limited that derivative contracts could...
No obligation to detuct tax at source for seconded staff
The Authority for Advance Rulings (Income Tax) New Delhi (AAR) ruled on the obligation of an Indian company to deduct tax at source for payments made to a Korean company under a secondment agreement...
New measures to stimulate capital markets
On 24 February, the Securities and Exchange Board of India (SEBI) amended the SEBI (Disclosure and Investor Protection) Guidelines, 2000 (DIP guidelines), which govern initial public offerings and preferential allotments by Indian companies. While...
Decision upholds government right to ‘first charge’
In Central Bank of India v State of Kerala and Ors on 27 February, the Supreme Court of India stated that the Recovery of Debts Due to Banks and Financial Institutions Act, 1993, (DRT...
Roche patent survives NGO challenge
On 30 January, the Chennai Patent Office dismissed a pre-grant opposition representation that had been filed by two NGOs opposing the patent for Roche’s drug Valcyte.
Valcyte is the brand name of an antiviral drug...
Clutch collaborates on LPO diploma
Two members of legal outsourcing provider Clutch Group have been invited to join an expert committee for the development and introduction of the first legal process outsourcing (LPO) diploma course in India.
Lynee Gore, a...
Arvind Mills’ mark not in vogue
Delhi High Court recently passed an ex-parte interim injunction restraining textile manufacturer Arvind Mills from using the mark “Vogue” in conjunction with its own mark “Excalibur”.
Arvind Mills, a retail chain which controls a large...
Vaccine alliance boosts Novavax
Clinical-stage biotechnology company Novavax has announced the formation of a joint venture with Cadila Pharmaceuticals of India. The alliance was formed to develop, manufacture and market pharmaceuticals, vaccines and diagnostic products in India. Cadila...
Reliance seals mega-merger
Early last month a deal was signed between Reliance Industries (RIL) and Reliance Petroleum (RPL) to amalgamate the two businesses in what will be the largest merger to date in India. The merger is...
Indian banks fund Egyptian project
Allen & Overy has advised on TCI Sanmar Chemicals’ US$868 million project to create a polyvinyl chloride production facility at Port Said in Egypt. TCI is part of The Sanmar Group, a privately owned...
How to emerge in better shape
“Whatever doesn’t kill me makes me stronger.” Now is the time for that ripe old adage to prove itself
This issue of India Business Law Journal speaks powerfully to the determination, resilience, ingenuity – the...
Banks await final judgment on loan portfolio trading
While banks are still reeling from the the recent collapse of the financial system, a recent decision from the Gujarat High Court serves an additional blow that has the potential of creating far-reaching implications...
Indirect foreign investment policy in a state of flux
The Department of Industrial Promotion and Policy (DIPP) has issued fresh guidelines for foreign investments in sectors with caps, such as defence production, civil aviation, broadcasting, insurance and telecoms, which require approval from the...
Legal outsourcing to gain from financial downturn
The economic meltdown kicked off heated debates in US legal circles on exploring outsourcing options. With the fall of financial giants such as Lehman Brothers, Washington Mutual and Merrill Lynch in the US and...
Stimulating Indian infrastructure growth
With the international liquidity crunch making its impact felt in India, the government and the Reserve Bank of India (RBI) have taken a series of measures, since the middle of 2008, to bolster the...
Drastic changes needed to implement ethical conduct
The downfall of major banking and insurance corporations, motor vehicles manufacturers and other corporations in the US is a testament to the unprecedented economic crisis. India too, has started to feel the heat of...
Investors should seek tax advice to safeguard interests
India has witnessed many inbound and outbound cross-border mergers and acquisitions, which have been financed mainly through the international capital markets through innovative structures and financing schemes.
While the size of such transactions generally follows...
Rising stars, unsung heroes
Rising Stars 2017
Rising Stars 2018
Rising Stars 2019
A survey of India’s lesser-known law firms unveils a rich universe of high-quality legal solutions. Until now, clients may have been unaware of the depth and diversity of services on offer. Alfred Romann...
Deal or no deal?
The financial crisis has left dozens of India-related business deals in limbo. Alfred Romann assesses the state of play and asks whether there’s light at the end of the tunnel
The December/January issue of India Business...
On with the show
The financial crisis has not brought the curtain down on India’s entertainment sector. Recent reforms have stimulated foreign investment. Opportunities beckon … Gowree Gokhale, Khushboo Baxi and Ranjana Adhikari report from Mumbai
India’s media and entertainment...
Trimming the fat
As the financial crisis bites, in-house counsel are increasingly turning to legal process outsourcers to cut costs and increase efficiency. Lesley Sutherland investigates
Earlier this month, Russell Smith, president of Mysore-based legal process outsourcer SDD Global...
Burying the hatchet
India and China must put their differences aside and work together to overcome the financial crisis, argues Claudia Astarita of the University of Hong Kong’s Centre of Asian Studies
India was among the first countries...
Tax ruling hits foreign companies with liaison staff
In a significant ruling by the Authority for Advance Rulings (AAR) titled Singapore Tourism Board v Director of Income Tax-II (International Taxation) Delhi, it was clarified that a foreign company cannot escape its tax...
Supreme Court finds Phillips not guilty of unfair practice
In M/s Phillips Medical Systems (Cleveland) Inc v M/s Indian MRI Diagnostic & Research Ltd & Anr, the construction of Section 36A of the Monopolies and Restrictive Trade Practices Act, 1969, relating to unfair...
New guidelines for calculating foreign investment in Indian companies
Following the issue of a government press release relating to the calculation of indirect foreign investment, the Ministry of Commerce and Industry has issued two new press notes on the subject.
Press note 2 clarifies...
Legal Circle hires US lawyers
On 9 February, legal process outsourcing company Legal Circle announced two senior appointments.
Kenneth Gunning has been appointed as vice president of operations, while Edward Turner has been appointed as the director of US operations.
Gunning,...
Amarchand joins human rights study
The United Nations is promoting a collaborative study by 15 law firms from around the world to assess how national corporate law principles and practices affect human rights in 40 jurisdictions.
One of the participants...
US lawyers in India ‘tech trek’
Two partners from Atlanta-based law firm Morris Manning & Martin have completed a “tech trek” in India. John Yates, chair of the firm’s technology group, and Jason D’Cruz, head of its Indus group, made...
Once-lucrative FCCBs are a bitter pill to swallow
Riding on the buoyant stock markets over the last few years, Indian corporates embraced foreign currency convertible bonds (FCCBs) as a preferred financing option. Most FCCB issuers bet on equities continuing the bullish run...
Shipping laws must be relaxed to boost maritime capabilities
India’s shipping policy aims to reduce the dependence of external sea borne trade on foreign shipping services. The cabotage regulations in India through the Merchant Shipping Act, 1958, have reserved coastal trade exclusively for...
Service tax net may catch manufacturers outside India
Indian companies and multinational corporations (MNCs) operating in India in order to derive the benefits offered by globalization have started to get their goods manufactured outside India through contract manufacturing.
A popular business model
Contract manufacturing...
Fighting patent trolls: predators of the IP world
Corporations that invest heavily in research and development generally have greater value embodied in intangible assets (e.g. patents and other intellectual property) than in tangible ones. Industries adopt varied approaches to manage such intangible...
Publishing Indian editions of foreign news magazines
The government of India through its press note dated 4 December 2008, has decided to allow the publication of Indian editions of foreign magazines and periodicals in the news and current affairs category, by...
Offshore deals may be taxable in India
In a recent judgment passed by Bombay High Court in Vodafone International Holdings v Union of India, writ petition no. 2550 of 2007, it was held that Vodafone was liable under section 9 of...
Strengthening the minority shareholder
Today’s business climate has amplified more than ever the importance of reliable corporate compliance initiatives. The recent scandal of the Satyam-Maytas deal appears to be a resounding slap in the face of corporate governance...
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The awful truth
A billion-dollar lie at a major outsourcing company has sent shockwaves through corporate India. By Vandana Chatlani
Having witnessed the panic and furore that followed one of India’s most high-profile cases of fraud, one cannot help...
Occupational hazards
In the wake of recent terrorist attacks, what measures should domestic and international corporations take to safeguard the security of their India-based people and operations? Alfred Romann reports
In 2008 more than five million foreigners visited India....
The desperate search for liquidity
India is implementing regulatory changes to tackle the credit crunch. How will the moves help cash-strapped corporations restructure their debt portfolios and access new sources of funding? Karan Singh and Ameya Khandge report
India escaped the...
Blazing a green trail
Investment opportunities beckon in India’s renewable energy sector, writes Valérie Demont of Baker & McKenzie
Investors in the renewable energy sector should hail the approval of the US-India Nuclear Cooperation Approval and Nonproliferation Enhancement...
Tax victory for foreign law firms
In a significant judgment on 19 December, a division bench of Bombay High Court in Clifford Chance v DCIT held that foreign law firms are not liable to pay tax in India, even if...
RBI permits FCCB buybacks
Until early this year, foreign currency convertible bonds (FCCBs) were regarded as one of the “most preferred” options for raising corporate finance.
Suddenly, FCCBs have become millstones around the necks of issuing companies, with dismal...
SEBI amendments: Warranted and timely?
The Securities and Exchange Board of India (SEBI) through its amendments in December 2008 to the SEBI (Disclosure and Investor Protection) Guidelines, 2000, has permitted the introduction of certain financial instruments for companies to...
AAR wishes Ikea India a tax-free new year
The Authority for Advance Rulings (AAR), in IKEA Trading (Hong Kong) v DIT, on 19 December addressed the issue of whether a liaison office of a foreign entity which facilitates the purchase of goods...
Singh & Associates to launch new LPO
Singh & Associates, a Delhi-based law firm, has announced that it is setting up a sizeable legal process outsourcing company (LPO), to be located in Dwarka in south-west Delhi.
The project is being under-taken in...
Blackstone plans shakeup at CMS
Private equity firm Blackstone Group has bought a majority stake in the long-established Mumbai IT company CMS Computers for US$58 million. It plans to set up a new company by separating the IT infrastructure...
Authorities investigate misuse of Ambani funds
In December it was revealed that the Enforcement Directorate (ED) of the Indian Ministry of Finance had, since at least August 2008, been investigating possible breaches of foreign exchange controls in the use of...
Satyam reveals billion-dollar lie
In a spectacular case of fraud that sent shockwaves through India Inc and global corporations, Ramalinga Raju, founder and chairman of India’s fourth largest IT company, Satyam, disclosed that the company had falsified its...
General election and credit crunch may affect reforms
Dear Madam,
Your article on India’s banking and finance sector and the second phase of liberalization set to commence in April 2009 (Opening the vault, IBLJ, volume 2, issue 6) is a comprehensive overview of...
A different perspective on liberalization
Dear Madam,
We refer to the article Opening the vault in the December 2008/January 2009 issue of India Business Law Journal. We would like to share a different perspective on some of the issues raised:
1....
Keep on moving
Will India-focused businesses and law firms maintain their momentum, or will a year lived in fear be a year half-lived?
The new year has brought undeniable challenges, but also opportunities for those who are confident and...
FCCBs affected by liquidity management measures in India
The bull run witnessed by the Indian stock markets over the last few years saw several companies tapping finance by issuing foreign currency convertible bonds (FCCBs). News reports estimate such issuances at almost US$20...
Private sector set to play growing role in insurance
For nearly four and a half decades after India’s independence, the insurance sector was monopolized by the state. Life insurance was nationalized in 1956 and the Life Insurance Corporation of India was set up...
Healthy capital cushion points to future growth
Any discussion of outbound investment from India must begin with the effects of the 60 hours in Mumbai last month. The psychological effect of such a devastating event and its commercial impact is all...
Creeping acquisition limits raised
Pursuant to its notification dated 30 October, the Securities and Exchange Board of India (SEBI) has made amendments to the creeping acquisition limits available to the promoters of listed companies. Until recently a person...
Prosecution history key to patent infringement actions
As an integral aspect of patent portfolio management, big corporations and Fortune 100 companies have developed internal strategies to commercialize IP globally.
Such strategies lay emphasis on the decision making phase pertaining to the filing...
Search on premises vital in software piracy cases
Containing piracy is critical as it creates huge losses for owners of intellectual property and adversely affects national economies and global trade. The menace of piracy has been wrestled with to some extent, as...
3, 2, 1 … lift off for nuclear power
The recently concluded Indo-US nuclear deal could potentially herald a new era in India’s rapidly growing power sector. The so-called 123 Agreement between India and the US enables access to reliable and uninterrupted nuclear...
Self-regulation guidelines issued for broadcasting sector
As part of a scheme to regulate broadcasting content for the public domain, the Ministry of Information & Broadcasting has issued a set of self-regulation guidelines for the broadcasting sector.
The scheme is intended to...
Corporate sector goes hi-tech with e-governance initiatives
The Registrar of Companies (ROC) is a body appointed according to the provisions of section 609 of the Companies Act, 1956. Its primary duty involves registering companies incorporated in the states and union territories...
Making microfinance commercially viable
The Reserve Bank of India (RBI) through various policy measures has sought to promote small-ticket lending (primarily through priority sector lending stipulations). Some of these measures overlap with what is now known as microfinance.
The...
Venturing out
Indian law firms have not traditionally shared the globetrotting ambitions of their British and American counterparts. Spurred on by client demand and other strategic considerations, many are now establishing offices overseas. George W Russell reports
King Street, a...
Consumer products companies in India resort to comparative advertising
In their fight to gain market share, consumer products manufacturers have resorted to comparative advertising, sometimes denigrating their competitors’ products. India’s courts have taken a dim view of the practice. By Chander M Lall
In today’s...
Opening the vault
India’s banking sector is on the verge of a second wave of liberalization. Coming amid a global financial crisis, how will domestic and international banks – and their legal advisers – respond to the challenge? Barney...
Deals of the Year 2008
At the end of a tumultuous year, India Business Law Journal celebrates the top transactional achievements of 2008 and the law firms that made them happen. Chris Crowe reports from London
India’s transactional clout was drastically reined...
Airtel, Star TV, to pay Rs10 million for unfair trade
In a decision highlighting the business interests behind television contests that are conducted via short message service (SMS), the National Consumer Disputes Redressal Commission (NCDRC), the apex body for consumer disputes, has recently held...
Deadline for social security contributions by international workers
In line with the notification issued by the Indian goverment with effect from 1 October, in which the Employees’ Provident Funds (Third Amendment) Scheme, 2008, and the Employees’ Pension (Third Amendment) Scheme, 2008, were...
Short selling: Regulator apprehension unfounded?
Short selling (the sale of a security that the seller does not own) is a long-standing market practice, yet one which has often been the subject of considerable debate in securities markets worldwide. Indian regulators...
Global companies complicate tax charges
On 5 November, the Authority for Advance Rulings (AAR) dealt with a case regarding the payment of service fees by Intertek Testing Services India (Intertek India) to Intertek Testing Management UK (Intertek UK), under...
‘Mauritius is okay’ says FIPB
The Foreign Investment Promotion Board (FIPB) has finally rejected the Department of Revenue’s reservations concerning treaty shopping, after declining foreign direct investment proposals from Mauritius for some months.
The concept of treaty shopping refers to...
Addleshaw hires India veteran from Wragge
Britsh law firm Addleshaw Goddard has hired former Wragge & Co partner David Birch, who has decades of experience in helping international companies invest in India.
The move is part of the firm’s new India...
New India specialist for Berwin Leighton Paisner
Berwin Leighton Paisner has recruited India specialist Azmul Haque as a senior associate in its Singapore office.
Haque moves from the Singaporean law firm WongPartnership, where he was a key member of the India practice...
Hostile takeover secures Zandu for Emami
In one of the most significant hostile takeovers in Indian corporate history, Emami, a leading personal healthcare company in Kolkata, acquired 27.5% of the shares in 100-year-old Zandu Pharmaceutical Works from co-promoters, the Vaidya...
Economic woes keep law firms busy
While the global economic downturn may have hit many business sectors hard, law firms appear to be holding their heads above water, while some are even experiencing a flood of new work.
In India, law...
Nuclear power: Approval turns all eyes to India
The ink was barely dry on the approval of an exception for India by the international Nuclear Suppliers Group, when the race to be part of the game was on. India declared the goal...
Credit crisis prompts further ECB relaxation
In the July/August edition of India Business Law Journal, we outlined the series of recent relaxations introduced by the Reserve Bank of India (RBI) to the exchange control policy governing external commercial borrowings (ECBs)...
Shipping and logistics crucial areas for India
The Indian peninsula is strategically located between cargo movements, to and from the European Middle East in the West and the Pacific Asia rim in the East. India has 7,517 kilometres of coastline studded...
FCEBs – Understanding a new debt instrument
The finance minister, in his 2007-2008 Budget speech, promised a mechanism for Indian companies to unlock a part of their holding in group companies to meet financing needs by issuing exchangeable bonds. This led...
Addressing the need to centrally regulate pharma
Given the surge in research and development, amendments to the Patents Act, 1970, and the opening up of the market to foreign drug manufacturers, the pharmaceutical industry has been growing persistently.
It meets around 70%...
