Authors, Maureen Z. Ralte, Associate Partner and Gajanand Kinodiwal, Associate Introduction:The Real Estate industry is one of the major sectors that contribute to the overall Gross Domestic Product (GDP) of our country. According to the KPMG report titled ‘Indian Real Estate and Construction: Consolidating for growth’ presented by the National Real Estate Development Council (NAREDCO) […]
Apr 7, 2020 What is the current position? Many individuals and businesses will have either began the preparatory work for a proposed lease extension or enfranchisement, or will have been part-way through the process when the UK’s lockdown came in to force. We have seen the government issue guidance that concerns residential house moves, but […]
Authors Niti Paul, Partner and Medha Srivastava, Partner On April 17, 2020, the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India (“DPIIT”), amended paragraph 3.1.1 of the Consolidated FDI Policy, 2017 (“FDI Policy”). Pursuant to this amendment, all investments by an entity of a country, which shares […]
The Law on Measures and Actions during the State of Emergency, promulgated by a decision of the National Assembly on March 13, 2020, introduced amendments to the Labor Code. They are mainly related to the possibility of work from home or performance of tasks from distance during the state of emergency, regardless of the consent […]
The Law on Amendments to the Law on Measures and Actions during the State of Emergency, promulgated by a decision of the National Assembly of 13 March 2020, entered into force on 9 April 2020. The amendments not only change some of the existing texts, but also create completely new provisions. Such new text is […]
The Law on Measures and Actions during the State of Emergency, announced by a decision of the National Assembly as of March 13, 2020, promulgated in the State Gazette, issue 28 of 24.03.2020, introduced extended deadlines for declaring and paying the various types of taxes. The 2019 annual reporting on corporate income tax, expenses tax, […]
INTRODUCTION The CoViD-19 outbreak has brought the world to a standstill, and it would not be inaccurate to state that we, the present generation, collectively have no prior experience in dealing with a pandemic of this magnitude. CoViD-19 has affected all walks of life in every manner possible. Many countries all over the world including […]
Introduction: As we continue to witness the impact of the COVID-19 outbreak on Indian as well as international trade and commerce, particularly in light of the uncertainty surrounding the ability of businesses to a) raise fresh debt in the wake of cautious institutional lending sentiment; and b) service existing debt obligations due to temporary suspension […]
Authors Siddhartha Das, Managing Associate and Akshit Kapoor, Managing Associate The unprecedented outbreak of the Novel Coronavirus Disease (COVID-19) across the globe has made compliance and performance of contracts impracticable and in many situations impossible. 1. General The term ‘Force Majeure’ means an event or effect that can be neither anticipated nor controlled and in common parlance […]
Corona Virus (COVID 19) has engulfed the world into an unprecedented crisis forcing most of the countries to enforce a lockdown on the movement of persons which appears to be the only option to control and contain spread of this dreaded virus. Around 211 countries and areas are experiencing the cases of COVID-19, with around […]
On 18 March 2020, the Stock Exchange of Hong Kong (the HKEx) announced[1] its latest enhancement to its mutual market access programme with the Shanghai and Shenzhen Stock Exchanges (Hong Kong China Stock Connect) – a new optional Master Special Segregated Account (Master SPSA) which will allow pre-trade checking of China A shares on Northbound trading at a fund […]
On account of COVID – 19 being declared a worldwide pandemic by the World Health Organization, several countries have taken a slew of drastic measures to combat the spread of the virus. The alarming rise in the number of cases in India actioned the Central Government into implementing a nationwide lock-down. Further, taking cognizance of […]