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30 December 2014 at 21 : 24 PM
M&A Lab: Let’s Holiday Together: Thomas Cook Acquires Sterling Holiday!
Read MoreDecember 30, 2014 Let’s Holiday Together: Thomas Cook Acquires Sterling Holiday! On February 7, 2014, the Prem Watsa (ie. the Fairfax group) promoted Thomas Cook (India) Limited (“Thomas Cook“) further extended its arms into India with the acquisition of India’s time-share and holiday pioneer, Sterling Holiday Resorts Limited (“Sterling”) (“Deal”). Through this Deal, Thomas Cook […]
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24 December 2014 at 21 : 14 PM
M&A Lab: Breaking News: Reliance tunes into Network18!
Read MoreDecember 24, 2014 Breaking News: Reliance tunes into Network18! On May 29, 2014, India’s richest man, Mukesh Ambani and India’s media mogul, Raghav Bahl shook hands, for transfer of control of India’s largest media empire, the Network18 Group (“Transaction”). The timing of the announcement and the takeover took the entire industry by surprise, since the […]
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23 December 2014 at 20 : 08 PM
Capital Markets Hotline: Access to Global Capital Markets Made Easier!
Read MoreDecember 23, 2014 Access to Global Capital Markets Made Easier! New Depository Receipts Scheme notified, made applicable from December 15, 2014; Depository Receipts may be issued on the back of all securities as defined under the Securities Contract Regulation Act, 1956; Issuance of unsponsored Depository Receipts allowed; New Depository Receipts Scheme largely based on the […]
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22 December 2014 at 21 : 32 PM
Dispute Resolution Hotline: Supreme Court: Arbitrators can award Post Award Interest on Interest Pendente Lite
Read MoreDecember 22, 2014 Supreme Court: Arbitrators can award Post Award Interest on Interest Pendente Lite The Supreme Court has: Held that post-award interest under Section 31(7)(b) of the Arbitration and Conciliation Act, 1996 would also be awarded on the amount of interest pendent lite, if any, and not merely on the principal sum Interpreted the […]
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19 December 2014 at 20 : 51 PM
M&A Lab: Sun Pharma – Ranbaxy: A Panacea for Ranbaxy’s ills?
Read MoreDecember 19, 2014 Sun Pharma – Ranbaxy: A Panacea for Ranbaxy’s ills? April 6, 2014 was a red letter day for the Indian pharmaceutical industry as Sun Pharmaceutical Industries Limited (“Sun Pharma”) and Ranbaxy Laboratories Limited (“Ranbaxy”) announced that they had entered into definitive documents for merger of Ranbaxy with Sun Pharma (“Transaction”). The announcement […]
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18 December 2014 at 21 : 48 PM
Legal Update: Auto Recalls & Product Liability in India
Read MoreDecember 18, 2014 Auto Recalls & Product Liability in India The global automobile market is bullish like never before. With annual global auto sales hitting more than 80 million vehicles for the first time ever1, the stage seems to be set for a bull run in the auto market over the coming years. . With […]
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18 December 2014 at 17 : 02 PM
SC Sees the Humor – Grants Stay on Delhi HC Ban on ‘Comedy Central’ Channel
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18 December 2014 at 16 : 52 PM
Faridabad Industrial Association vs Adani Gas Pvt. Ltd.
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16 December 2014 at 21 : 54 PM
Dispute Resolution Hotline: Bite of a Bit: Calcutta High Court refuses to injunct investment arbitration against India
Read MoreDecember 16, 2014 Bite of a Bit: Calcutta High Court refuses to injunct investment arbitration against India If there is a valid arbitration agreement between the parties there is no escape from arbitration. Unless the facts and circumstances demonstrate that foreign arbitration would cause a demonstrable injustice, civil courts in India would not exercise its […]
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15 December 2014 at 20 : 41 PM
IP Hotline: Calcutta HC Gives Protection to Trademark of Foreign Manufacturer of Goods Sold In India; Importer Unable to Prove Ownership of Mark
Read MoreDecember 15, 2014 Calcutta HC Gives Protection to Trademark of Foreign Manufacturer of Goods Sold In India; Importer Unable to Prove Ownership of Mark Plaintiffs claimed proprietorship over the mark ‘LIPU’, appearing on goods imported by them and distributed in India. Defendant also imported goods with the same trademark. Goods on which the mark ‘LIPU’ […]
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8 December 2014 at 16 : 48 PM
Round Table + Webinar: India looks abroad: Analyzing structures for PE Exits and Tapping Global Capital Markets for Indian Companies – Part I
Read MoreNovember 27, 2014
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8 December 2014 at 16 : 26 PM
Round Table + Webinar: India looks abroad: Analyzing structures for PE Exits and Tapping Global Capital Markets for Indian Companies – Part II
Read MoreNovember 27, 2014
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8 December 2014 at 16 : 02 PM
Round Table + Webinar: India looks abroad: Analyzing structures for PE Exits and Tapping Global Capital Markets for Indian Companies – Part III
Read MoreNovember 27, 2014
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28 November 2014 at 19 : 05 PM
Competition Law Hotline: CCI strikes at private players in the Gas Industry- Problem still persists
Read MoreNovember 28, 2014 CCI strikes at private players in the Gas Industry- Problem still persists The Commission has taken a holistic view of the Gas Supply Agreement and struck down the unfair and discriminatory clauses and held conditions cannot be imposed unilaterally. The Commission held that even if disputes are contractual in nature, but indicates […]
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27 November 2014 at 18 : 18 PM
Funds Hotline: SEBI Rewrites Rules on Offshore Derivative Instruments (ODI)
Read MoreNovember 27, 2014 SEBI Rewrites Rules on Offshore Derivative Instruments (ODI) SEBI has issued the Circular to align the eligibility requirements and investment conditions between FPIs and subscription of ODI positions. The Circular makes the ODI route more restrictive. To be eligible to subscribe to ODI positions, the subscriber should be regulated by an IOSCO […]
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26 November 2014 at 18 : 21 PM
Regulatory Hotline: Private and Foreign Investment in Railways on Track
Read MoreNovember 26, 2014 Private and Foreign Investment in Railways on Track Guidelines for private and foreign investment in railways; Approval requirements laid down; Specific activities and projects identified for investment. INTRODUCTION The Indian Railways is one of the largest railway networks of the world. The railway sector is largely cash starved and has seen a […]
