Insights
April 20, 2020

HOW JACK DORSEY OF TWITTER GOT INTO TROUBLE IN INDIA?

On April 7, 2020, the Rajasthan High Court (HC) quashed a complaint registered against Jack Dorsey, head of the social media networking site “Twitter” and Anna M. M. Vetticad (Anna), a journalist and film critic, for hurting the feelings and religious sentiments of Brahmins in India. This case once again raises the fine line between…

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Disputes and Arbitration
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April 15, 2020

THE INDIAN GOVERNMENT’S SOCIAL DISTANCING GUIDELINES MAY NOT BE EASY TO COMPLY

On March 24, 2020, in order to prevent the spread of the Novel Coronavirus (COVID-19), the Indian government imposed a mandatory countrywide lockdown of all offices and establishments until April 14, 2020. Only essential services providers were allowed to function, and detailed guidelines were issued by both, the Central (Federal) and State governments, on who…

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Covid-19 Employment Law
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April 13, 2020

SEBI PROVIDES PREFERENTIAL TREATMENT TO FPIs, BUT WILL THE INDIAN TAX AUTHORITIES RELENT?

In September 2019, with a view to easing the regime for investments by foreign portfolio investors (“FPIs”), the Securities and Exchange Board of India (the “SEBI”) notified the SEBI (FPI) Regulations, 2019, which replaced the erstwhile SEBI (FPI) Regulations, 2014. The new regulations categorized FPIs into two different groups namely, Category I and Category II…

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Tax
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April 8, 2020

LITIGATING IN INDIA IN THE COVID-19 ERA

Tolling of the statute of limitation As a result of the health emergency situation arising out of the COVID-19 pandemic, with effect from March 15, 2020 until further orders, India’s Supreme Court (SC), in exercise of its extraordinary powers under Article 142 of the Constitution of India, read with Article 141, has extended the period…

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Covid-19 Disputes and Arbitration
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April 2, 2020

INDIA’S NEW GUIDELINES FOR PAYMENT AGGREGATORS AND PAYMENT GATEWAY PROVIDERS

Introduction and implications in a nutshell As per the Reserve Bank of India’s (the “RBI”) Annual Report, the number of card payment transactions carried out through credit cards and debit cards during 2018 and 2019 was 1.8 billion and 4.4 billion, respectively. Prepaid Payment Instruments (PPIs) recorded a volume of about 4.6 billion transactions valued…

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Banking and Finance Financial Services Payment Aggregators Payment Gateway
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March 31, 2020

COVID-19: CAN A FORCE MAJEURE CLAUSE SAVE THE DAY IN INDIA?

Since December 2019, the impact of the Novel Coronavirus (COVID-19) has, gradually, but incrementally, been felt in almost every country in the world. As a consequence of COVID-19, businesses have had to limit, if not completely restrict, their operations in various countries in the world, either voluntarily or under instructions from local authorities or governments. In India,…

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March 26, 2020

THE COVID-19 LOCKDOWN – IMPLICATIONS FOR INDIAN COMPANIES AND EMPLOYERS

The Novel Coronavirus (COVID-19) has affected almost every country in the world, and India is no exception. To control the spread, the Indian government has imposed a mandatory countrywide lockdown from March 24, 2020, until April 14, 2020. Only establishments and workplaces that provide essential services can continue operations, subject to adopting necessary measures to…

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Employment Law
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March 23, 2020

THE CORONAVIRUS – WILL IT IMPACT FOREIGN INVESTMENT AND M&A IN INDIA?

Covid-19, or the now infamous coronavirus, has put the brakes on life as we know it.  The large scale closure of offices and businesses globally, and now in India too, is taking a huge toll on the world economy and livelihoods.  A recession is upon us, and governments of industrialized nations have announced huge stimulus…

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March 13, 2020

AN UPDATE ON CRYPTOCURRENCY IN INDIA

Since 2013, India’s central bank, the Reserve Bank of India (the “RBI”), followed a cautionary approach as regards virtual currencies, including cryptocurrencies. While it never banned virtual currencies, it issued a number of public notices and reports highlighting the risks of dealing and trading in virtual currencies. This update discusses the SC’s ruling and the future of cryptocurrencies in India.

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March 6, 2020

CIRCULAR ISSUED AGAINST THE UNNECESSARY PROSECUTION OF NON-EXECUTIVE AND INDEPENDENT DIRECTORS OF INDIAN COMPANIES

Background and Jurisprudence Typically, independent and non-executive directors of Indian companies are not involved in the daily management or decision-making of a company. Nevertheless, under Indian company law, they are required to exercise due and reasonable care, and act in good faith and in the best interests of the company. In addition, they are required…

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Corporate/M&A Disputes and Arbitration
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