India – Employment Law update
In a bid to woo new manufacturing businesses to the state of Karnataka, including the likes of Foxconn (which is Apple’s supplier), the state...
India’s legal market opens up for foreign lawyers
The Bar Council of India (BCI) has, recently, permitted foreign lawyers to practice foreign law in India in non-litigious matters, subject to...
Akil Hirani quoted by IBLJ in an update on Alternative Investment Funds (AIFs) exit timelines
SEBI has sent out notices to several AIFs for failing to honour the timeline of funds specified in their offer documents. Akil Hirani, Managing...
Thrasio’s acquisition of Lifelong named in India Business Law Journal’s Deals of the Year 2022
We are pleased to announce that the firm’s role as buyer’s counsel representing Thrasio Holdings, Inc. (Thrasio) in its acquisition of a majority...
The angel tax on foreign investors may increase the cost of foreign investment into India.
Currently, under Section 56(2)(viib) of the Income-tax Act, 1961 (ITA), if an Indian private company issues shares to a resident at a premium and...
IBLJ A-List 2022-2023
We are pleased to announce that Akil Hirani, Rukshad Davar and Neerav Merchant have been included in India Business Law Journal's A-List for...