Will the new insolvency ordinance increase special situations in M&A in India?
At the end of December, the Indian government promulgated the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2019 (the “Ordinance”) to iron...
India’s Supreme Court rules on the role of insolvency stakeholders and equality of creditors
On November 15, 2019, the Supreme Court (the “Court”) ruled on several contentious aspects of the Insolvency and Bankruptcy Code, 2016 (the “Code”)...
The new foreign direct investment norms for insurance intermediaries
Background Previously, foreign direct investment (“FDI”) in insurance intermediaries was treated at par with FDI in insurance companies and was...
Indian court issues a global injunction under India’s Information Technology Act, 2000
In a recent ruling, a single judge of the Delhi High Court (the “Delhi HC”) has held that a global injunction can be issued for removal of...
Important changes to India’s product liability and consumer laws
Last month, the Indian government enacted: (i) the Consumer Protection Act, 2019 (the “CP Act 2019”), which, when notified, will replace the...
Indian government announces key tax proposals
Today (September 20, 2019) the Indian government has introduced the Taxation Laws (Amendment) Ordinance, 2019, to make certain amendments in the...