CSSF clarifies individual AML/CFT responsibilities for managers and funds
In a frequently-asked questions document issued on November 25, 2019, Luxembourg’s Financial Sector Supervisory Authority (CSSF) has clarified the roles and responsibilities of the two individuals in charge of compliance with Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) controls for Luxembourg investment funds and managers according to the requirements of Article 4(1) of the …
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CSSF details areas for improvement in money laundering controls
At a conference on December 3, 2019, Luxembourg’s Financial Sector Supervisory Authority (CSSF) has underlined to members of the country’s investment fund industry the need for improvement in aspects of controls designed to curb money laundering and the financing of terrorism.
Infrastructure – Monthly Update | January 2020
The Cabinet Committee on Economic Affairs, on January 8, 2020 approved INR 5,559 Crore viability gap funding (VGF) to Indradhanush Gas Grid Limited, for setting up North East Natural Gas Pipeline Grid. Quantum of VGF is capped at 60% of the estimated project cost and would not be linked with upward capital cost variation.
Corporate & Commercial – Quarterly Update 2020
After a record 2018, M&A activity in India halved in value in 2019, reflecting fewer billion-dollar deals. The year saw 765 deals worth USD 37 Billion. Only 11 deals valued at over USD 1 Billion each in 2019, compared with 2018 which saw 25 mega deals with highlight being Walmart Inc’s USD 16 Billion acquisition …
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Dispute Resolution and Arbitration – Monthly Update
STATE OF GUJARAT THROUGH CHIEF SECRETARY AND ANOTHER V. AMBER BUILDERS This matter pertains to a dispute between State of Gujarat (State) and Amber Builders (Contractor) arising out of a works contract (Agreement). On November 11, 2014 the State issued a letter to the contractor demanding an amount of INR 1,09,00,092 on the ground that …
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Value capture financing – legal issues and challenges
Source: India Business Law Journal Authored by Soumya Kanti De Mallik, Partner along with Prithviraj Chauhan, Associate and Kshitij Gupta, Associate, HSA Advocates
Solutions to PPP challenges in infrastructure sector
Source: India Business Law Journal Authored by Amit Ronald Charan, Partner along with Rashi Arora, Associate, HSA Advocates
PPP model for railways – the viable future option?
Source: India Business Law Journal Authored by Geeta Saha, Partner along with Mrinal Vashishtha, Associate and Shivam Jatadhari, Associate, HSA Advocates
EVs: Driving towards a sustainable environment
Source: India Business Law Journal Authored by Dipti Lavya Swain, Partner along with Ketaki Dandiya, Associate, HSA Advocates
The evolving resolution of stressed assets
Source: India Business Law Journal Authored by Ramya Hariharan, Partner along with Dipti Srivastava, Associate, HSA Advocates