Payment for offshore services are taxable in India: AAR
Recently, in the case of Technip France SA, the Authority for Advance Rulings (the “AAR”) dealt with the issue of taxability in India of an offshore...
Unfair Contracts: A statutory nod to equitable law?
Recently, in Ireo Grace Realtech Private Limited v. Abhishek Khanna and Ors. (C.A. 5785 of 2019), India’s Supreme Court (the “SC”) examined the...
Disclosing the financial impact of the COVID-19 pandemic – will the SEC ruling change the regulator’s approach in India?
Enforcement action in the US In March 2020, the Securities Exchange Commission (the “SEC”) formed a Coronavirus Steering Committee to actively...
Highlights of India’s Budget 2021-22
Introduction India’s Union Budget (the “Budget”) was announced today (February 1, 2021), and the Finance Bill, 2021 (the “Finance Bill”) was tabled...
India’s pharmaceutical and life sciences sector poised for unbridled growth
India’s pharmaceutical and life sciences industry plays a pivotal role on the world stage, fulfilling over 50% of the global demand for vaccines,...
Delhi High Court: Indian parties free to choose foreign law to govern arbitration between them
Recently, in the case of Dholi Spintex Pvt Ltd v. Louis Dreyfus Company India Pvt Ltd, the Delhi High Court (DHC) held that two Indian parties can...