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7 October 2024 at 18 : 20 PM
Deal Talk: NCLT “Squeezes In” Philips for “Squeeze Out” of Minority Shareholders!
Read MoreOctober 07, 2024 NCLT “Squeezes In” Philips for “Squeeze Out” of Minority Shareholders! A. Introduction The Kolkata Bench of the National Company Law Tribunal (‘NCLT’) passed an order on September 19, 2024, dismissing the application filed by Philips India Limited (‘Philips’) for a capital reduction under Section 66 of the Companies Act, 2013 (‘CA […]
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7 October 2024 at 14 : 51 PM
Tax Hotline: Indian Tribunal upholds eligibility of LLC incorporated in USA to claim benefit under India-US Tax Treaty
Read MoreOctober 07, 2024 Indian Tribunal upholds eligibility of LLC incorporated in USA to claim benefit under India-US Tax Treaty The Delhi ITAT recently allowed an appeal holding that an LLC is a tax resident of US under Article 4 of the India-USA Treaty by virtue of incorporation. The LLC being a resident under Article […]
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3 October 2024 at 14 : 07 PM
Dispute Resolution Hotline: NDA authors the India Chapter of the IBA Toolkit on Insolvency and Arbitration
Read MoreOctober 03, 2024 NDA authors the India Chapter of the IBA Toolkit on Insolvency and Arbitration The International Bar Association Arbitration Committee’s Working Group on the Intersection of Insolvency and Arbitration has recently released the updated version of the Toolkit on Insolvency and Arbitration 2024, initially launched in 2021. We are proud to share […]
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25 September 2024 at 18 : 38 PM
Dispute Resolution Hotline: India ADR Week 2024 – Survey
Read MoreSeptember 25, 2024 India ADR Week 2024 – Survey As knowledge partners of India ADR Week, Nishith Desai Associates has collaborated with MCIA and CLA to develop a survey aimed at gathering insights from the arbitration community. This year’s discussions hold particular significance, with proposed amendments to the Arbitration and Conciliation Act poised to […]
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23 September 2024 at 18 : 53 PM
HR Law Hotline: Supreme Court clarifies the meaning of “workman” under the Industrial Disputes Act, 1947
Read MoreSeptember 23, 2024 Supreme Court clarifies the meaning of “workman” under the Industrial Disputes Act, 1947 Mere absence of power to appoint, dismiss, conduct disciplinary inquiry cannot be the sole criterion to determine, if an employee would fall under the definition of workman under Section 2(s) of the Industrial Disputes Act, 1947. An employee […]
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23 September 2024 at 10 : 20 AM
M&A Hotline: Indian Merger Control Regime – The Introduction And Impact Of Deal Value Thresholds
Read MoreSeptember 23, 2024 Indian Merger Control Regime – The Introduction And Impact Of Deal Value Thresholds This article was first published in bwlegalworld.com (September 20, 2024). On September 9, 2024, the Indian Government notified certain provisions of the Competition (Amendment) Act, 2023 that came into effect on September 10, 2024. One of the most […]
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20 September 2024 at 10 : 20 AM
Investment Funds: Monthly Digest: Roundup of Key Changes to framework governing AIFs in August: Borrowing, LVFs and VCFs
Read MoreSeptember 20, 2024 Roundup of Key Changes to framework governing AIFs in August: Borrowing, LVFs and VCFs A practical analysis of the borrowing framework instituted by SEBI for Category I and Category II AIFs Changes with respect to the extension of term of LVFs come into effect SEBI delves into the modalities of Migrated […]
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19 September 2024 at 13 : 41 PM
Deal Talk: Deal Breaker or Deal Maker?: Deconstructing the “Deal Value Threshold” Under The Competition Act, 2002
Read MoreSeptember 19, 2024 Deal Breaker or Deal Maker?: Deconstructing the “Deal Value Threshold” Under The Competition Act, 2002 A. Introduction On September 9, 2024, the Competition Commission of India (“CCI”), Government of India and the Ministry of Corporate Affairs collectively unveiled a ground-breaking set of updates to the merger control regime in India, effective […]
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17 September 2024 at 11 : 16 AM
Deal Corner: NDA Represents GIC For Its Funding of INR 1,674 Crore (~USD 200 Million) In Data Infrastructure Trust for The Acquisition of American Tower Corporation, India
Read MoreSepetember 17, 2024 NDA Represents GIC For Its Funding of INR 1,674 Crore (~USD 200 Million) In Data Infrastructure Trust for The Acquisition of American Tower Corporation, India DEAL BRIEF GIC, through its affiliate Anahera Investments Pte Limited, funded Data InvIT with INR 1,674 crore (~USD 200 Million) to fund the acquisition of American […]
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15 September 2024 at 14 : 25 PM
Article: Acquirers Beware: Indian Merger Control Regime Revamped!
Read MoreSeptember 15, 2024 Acquirers Beware: Indian Merger Control Regime Revamped! 1. BACKGROUND The Competition Act, 2002 (“Competition Act”) was amended on April 11, 2023 vide the Competition (Amendment) Act, 2023 (the “Competition Amendment Act”). The Competition Amendment Act had introduced certain changes to the merger control regime, provisions on behavioural issues as well as the enforcement framework […]
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13 September 2024 at 10 : 32 AM
M&A Lab: Lights, Camera, No Action: Collapse of the Zee-Sony Merger
Read MoreSeptember 13, 2024 Lights, Camera, No Action: Collapse of the Zee-Sony Merger The merger between Zee Entertainment Enterprises Limited (ZEEL) and Sony Pictures Networks India (SPNI) was intended to create a media giant by combining their networks, digital platforms, and content libraries. The new entity, with Sony holding a majority stake, was expected […]
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12 September 2024 at 17 : 30 PM
FEMA Hotline: Inbound Investment Rules Liberalized – Cross-Border Share Swaps Simplified!!
Read MoreSeptember 12, 2024 Inbound Investment Rules Liberalized – Cross-Border Share Swaps Simplified!! Amended Rules have simplified the cross-border share swaps for greater ease of doing business Encouraging FDI in White Label ATM operations to extend banking services to the underserved areas Standardizing and harmonizing ‘control’ and ‘start-up’ with the other laws or notifications On […]
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11 September 2024 at 13 : 40 PM
Deal Corner: NDA Represents Nuveen in Its Investment in Epimoney Private Limited
Read MoreSepetember 11, 2024 NDA Represents Nuveen in Its Investment in Epimoney Private Limited DEAL BRIEF NCIF II Lux S.á.r.l. (“Nuveen”) has signed definitive documents to participate in the Series C Funding Round of Epimoney Private Limited, a non-banking financial company classified as an NBFC-ICC and commonly known as “Flexiloans”, along with other institutional […]
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7 September 2024 at 09 : 04 AM
Pharma & Healthcare Update: New Promotion Code Released: Medical Device Industry to Breathe Easy
Read MoreSeptember 07, 2024 New Promotion Code Released: Medical Device Industry to Breathe Easy The DoP has released a separate marketing code which accounts for the distinct nature of the activities undertaken by medical devices companies Companies are required to adhere to certain transparency requirements The enforcement of UCMPMD will be through industry associations BACKGROUND […]
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3 September 2024 at 13 : 24 PM
New Publication: Telemedicine in India
Read MoreThe Future of Medical Practice September 03, 2024 In the Indian context, telemedicine has the potential to increase access to quality healthcare for all Indians and the practice continues to grow rapidly through the years. In this paper, we have discussed various telemedicine business models, the legal and regulatory framework regulating telemedicine and […]
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2 September 2024 at 15 : 37 PM
New Publication: Clinical Trials and Biomedical Research in India
Read MoreLegal and Regulatory Framework September 02, 2024 Clinical trials in India has been a buzzing topic in the pharmaceutical industry for decades. In the past few years, the industry has witnessed a growing interest from foreign players seeking to conduct clinical trials in India to cater to global demands. The industry is striding […]
