Share swap mergers in India: an option during the COVID-19 pandemic
Over the past couple of decades, stock-for-stock mergers have only accounted for 20% of the total M&A activity in the United States. On the...
Government of India issues press release that liberalizes FDI in defence sector
On September 17, 2020, the Indian government issued a press note to inter alia liberalize the cap for foreign direct investment (“FDI”) in the...
Impact of new employment laws on business
A concise update describing in detail, how the new employment laws from the recently announced Labour Code by the Government of India affect...
New provisions on withholding tax and tax collection at source in India
India’s Central Board of Direct Taxes has issued Circular 17/2020 dated September 29, 2020 (effective October 1, 2020) (the “CBDT Circular”),...
Initiation of insolvency proceedings against personal guarantors: Indian courts freeze Anil Ambani’s assets
On November 15, 2019, the Indian government notified the commencement of Part III of the Insolvency and Bankruptcy Code, 2016 (IBC), which provides...
Yes Bank vs Zee: a curious case of comfort & guarantee
Introduction Letters of Comfort (LoC) have been issued by the promoters of various borrower companies to Indian banks, overseas branches of Indian...