INDIA’S NEW INSURANCE REGIME CAN CHANGE THE GAME
Background India’s insurance industry is on the brink of transformative changes with the anticipated introduction of the Insurance Amendment Bill (the “Bill”) during the winter session of Parliament.
HOW EASILY ARE MAC CLAUSES IN INDIAN M&A CONTRACTS ENFORCEABLE?
Background Material Adverse Effect (“MAE”) or Material Adverse Change (“MAC”) clauses are often used in mergers and acquisition (“M&A”) agreements.
The Indian Landscape of Insider Trading Understanding Regulations, Managing Risks, and Upholding Ethical Governance for Board Members
Insider trading refers to the practice of trading a company’s securities based on Unpublished Price Sensitive Information (“UPSI”),
M&A AND PE IMPACT DUE TO THE CHANGES TO INDIA’S COMPETITION LAW REGIME
The Competition (Amendment) Act, 2023 (the “2023 Amendment”) was introduced on April 11, 2023, to amend the Competition Act, 2002 (the “Act”) and, inter alia, establish a new threshold for assessing transactions, known as the Deal Value Threshold (the “DV Threshold”). On September 10, 2024 (the “Effective Date”), India’s Ministry of Corporate Affairs (the “MCA”) …
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CROSS-BORDER SHARE SWAPS MADE EASIER THROUGH AMENDMENTS TO INDIA’S FOREIGN EXCHANGE REGULATIONS
The Indian government has recently notified the Foreign Exchange Management (Non-Debt Instruments) (Fourth Amendment) Rules, 2024 (the “Amendment Rules”) to amend the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the “NDI Rules”). This update delves into some important changes on share swaps and clarifications introduced by the Amendment Rules. Key changes (i) Equity swaps by …
CROSS-BORDER SHARE SWAPS MADE EASIER THROUGH AMENDMENTS TO INDIA’S FOREIGN EXCHANGE REGULATIONS
The Indian government has recently notified the Foreign Exchange Management (Non-Debt Instruments) (Fourth Amendment) Rules, 2024 (the “Amendment Rules”) to amend the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (the “NDI Rules”).