Private Equity & Venture Capital

Relief from the Regulators – Shareholder Meetings during the COVID-19 Pandemic

Monday, April 13, 2020 The COVID-19 pandemic has created unprecedented regulatory compliance challenges for corporations, especially with respect to shareholder meetings. In light of these challenges, regulators have granted relief in certain circumstances to enable corporations to comply with their regulatory obligations without compromising their obligations to promote and adhere to social distancing measures that […]

Troy PocaluykoPartner, Wildeboer Dellelce LLP

Bombay High Court: No benefit to Petitioners seeking Force Majeure owing to Covid-19 outbreak

Judgment: Standard Retail Pvt. Ltd. V/s M/s. G. S. Global Corp & Ors. with Integral Industries Pvt. Ltd. V/s M/s. G. S. Global Corp. & Ors.; Vinayaga Marine Petro Ltd. & Anr. V/s M/s. G. S. Global Corp. & Ors.; Hariyana International Pvt. Ltd. V/s M/s. Hyundai Corporation & Ors. and Prabhat Steel Traders Pvt. […]

Seema JhinganPartner, LexCounsel

Guidelines to pass Ordinary and Special Resolution by Companies Owing to the threat posed by COVID-19

To ease the impact of disruption caused by the Coronavirus/COVID-19 pandemic and in the spirit of social distancing, the Ministry of Corporate Affairs (“MCA”), through its circular dated April 8, 2020 (“Circular”) and a subsequent clarificatory circular dated April 13, 2020 (“Clarification”), has provided specific guidelines for the companies to take all decisions which are […]

Seema JhinganPartner, LexCounsel

Relaxations granted by sebi and irda on account of covid-19 pandemic

Compliances have taken a backseat during the ongoing lockdown due to Covid-19 pandemic. Regulatory authorities have granted several relaxations to assist businesses to cope with the unprecedented lockdown and economic distress. We discuss herein below a few relaxations granted by the Securities and Exchange Board of India and the Insurance Regulatory and Development Authority of […]

Seema JhinganPartner, LexCounsel

A Busy Holiday Weekend for the Federal Government – the Canada Emergency Wage Subsidy

Monday, April 13, 2020 No finding the afikoman or Easter egg hunt for members of the federal Government this past weekend. On April 11, 2020, the federal Government passed the Canada Emergency Wage Subsidy (the “Subsidy”) into law. Please see our previous update here for background information. Here is what you need to know about the enacted […]

Troy PocaluykoPartner, Wildeboer Dellelce LLP

Delhi High Court: Party challenging an award under Section 34, Arbitration and Conciliation Act, 1996 or seeking a stay on award to deposit the entire sum awarded

Judgment: Power Mech Projects Limited Vs. SEPCO Electric Power Construction Corporation [O.M.P. (I) (COMM.) 523/2017], Forum: Hon’ble High Court of Delhi (“Court”) Judgment delivered on: February 17, 2020 Act/Law: Arbitration and Conciliation Act, 1996 (“Act”). Ratio: In appropriate circumstances, the Court can direct the deposit of the entire sum awarded under the arbitral award before […]

Seema JhinganPartner, LexCounsel

Impacts of COVID-19 on Landlord and Tenant Obligations in Commercial Leases

Tuesday, March 31, 2020 Commercial leases typically contain provisions that apply in times of crisis or unexpected closure of businesses. As a result of complications presented by the COVID-19 pandemic, landlords and tenants are looking to the wording of their leases to determine how to address these complications. While landlords and tenants are encouraged to […]

Troy PocaluykoPartner, Wildeboer Dellelce LLP

Shareholder Distancing: Virtual Shareholder Meetings

Monday, March 23, 2020 In light of the rapidly evolving circumstances concerning the COVID-19 outbreak, publicly traded corporations are considering alternatives to traditional in-person shareholder meetings to minimize the health risks to employees and shareholders, as well as to the general public. Potential solutions that balance a corporation’s legal obligations with its ethical obligations include: […]

Troy PocaluykoPartner, Wildeboer Dellelce LLP

Out with the Old and in with the New – the Canada Emergency Wage Subsidy

Friday, April 3, 2020 On March 30, 2020, Prime Minister Justin Trudeau announced the new Canada Emergency Wage Subsidy (the “Wage Subsidy”), which extended relief to almost all employers and increased the amount available to 75% of remuneration paid to an employee to a maximum of $847 per week. On April 1, 2020, Finance Minister […]

Troy PocaluykoPartner, Wildeboer Dellelce LLP

Extraordinary Times Call for Extraordinary Measures: Three Things Everyone Needs to Know about the Canadian Government’s Tax Response to Covid-19

Wednesday, March 18, 2020 The Government of Canada is taking immediate, significant and decisive action to help all Canadians who are dealing with financial hardship as a result of the Covid-19 outbreak. On March 18, 2020, Prime Minister Trudeau announced a new set of economic measures to help stabilize the economy during these uncertain times. […]

Troy PocaluykoPartner, Wildeboer Dellelce LLP

Extension of Realisation Period of Export Proceeds

To ease the impact of disruption caused by the Coronavirus/COVID-19 pandemic, the Reserve Bank of India (“RBI”) has provided extension of the period for realisation of the export proceeds as prescribed under the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 (“FEM Export Regulations”) read with the RBI Master Direction on Export of […]

Seema JhinganPartner, LexCounsel

How Does COVID-19 Affect My Contractual Obligations?

Wednesday, March 25, 2020 The effects of COVID-19 have rippled throughout the world, placing immense strain on public health providers and businesses of all sizes. While developing a way to contain and control COVID-19 is of upmost importance, it is also necessary for individuals and businesses to understand their contractual rights and obligations during this […]

Troy PocaluykoPartner, Wildeboer Dellelce LLP