Time to bid farewell to LIBOR and look to transition into a New World Order

Background London Interbank Offered Rate (LIBOR)[1] is a global benchmark interest rate widely used to price financial indentures across economies, including but not limited to standard inter-bank products (like interest rate futures/ options/ swaps/ cap/ floor), commercial field products (like variable rate mortgages) and hybrid products (like collateralized mortgage obligations). On 27 July 2017, Andrew […]

Making sense of the OECD’s three proposals for revising profit allocation and nexus rules

This is in the backdrop of the OECD’s latest step to issue a consultation paper on the same and seeking public comments.   QUESTIONS:  What do the OECD’s recent proposals for revising profit allocation and nexus rules simply state? Please illustrate with the modern day examples? *User participation proposal  This proposal seeks to allocate the taxing […]

GST Update Vol 96 29th April 2019

A.    CHANGES IN THE GST REGIME GST on seed certification tags The government of India has vided circular no. 100/19/2019-GST dated 30th April 2019 stated that seed testing and certification is a multi-stage process whereby charges are collected by the seed certification agency of states from the seed producers at different stages. Supply of seed tags […]

Aliff FazelbhoySenior Partner, ALMT Legal, Advocates & Solicitors

REIT: what’s in store for retail investors?

By Suraj Nangia, Partner and Sandeep Jhunjhunwala, Director, Nangia Advisors (Andersen Global) Real Estate Investment Trust (REIT) is a globally accepted investment vehicle for passive participation in real estate properties. First conceptualised in the United States, REIT has been in existence in several developed and emerging economies now, providing a stable investment alternative for retail […]

Taxation of Reit is complicated

By Suraj Nangia, Partner and Chirag Nangia, Director, Nangia Advisors (Andersen Global) Real estate is one of the vital sectors of the Indian economy. It’s the second largest employer in the country if you consider its four cornerstones – housing, retail, hospitality and commercial spaces. The sector is expected to be a $650 billion sector, […]

Seema Jhingan & Dimpy Mohanty of Lex Counsel takes part in Negotiating Effective Contracts & Dealing with Disputes

QUESTION ONE – Which techniques are typically used by international counterparties in your experience to overcome challenges in the negotiation process? Sensitivity to the cultural nuances/ethos of the jurisdiction of the counterparties is one of the most essential techniques for effective negotiation in an international transaction. Being aware and considerate of the negotiating culture/work practices […]

Seema JhinganPartner, LexCounsel

LexCounsel collaborates and contributes to the Negotiating Effective Contracts & Dealing with Disputes publication

Our Firm recently collaborated and contributed to the IR Global & the Association of Corporate Counsel, (the world’s largest community of in-house counsel) thought leadership publication “Negotiating Effective Contracts & Dealing with Disputes: Advice from Outside Counsel”. The publication offers jurisdiction-specific perspectives on contract negotiation, techniques used to overcome challenges in cross border negotiation process […]

Seema JhinganPartner, LexCounsel