Force Majeure in government contracts and PPPs
Ministry of Finance issues office memorandum for force majeure The Government of India, through the Procurement Policy Division, Department of Expenditure at the Ministry of Finance (MoF), has recently issued an office memorandum on May 13, 2020 (O.M. No. F. 18/4/2020-PDD) pertaining to force majeure (MoF Memorandum). The MoF Memorandum seeks to provide relief to …
Continue reading “Force Majeure in government contracts and PPPs”
Law and policy update: Covid-19 Economic Package
10 key takeaways from INR 20 lakh crore economic relief package | May 14, 2020 In a speech that echoed and amplified PM Modi’s ‘Atmanirbhar Bharat’ (Resilient India) approach, India’s Union Finance Minister (FM) on Wednesday announced a slew of measures to help businesses recover from impact of Covid-19 outbreak. These measures, when included with …
Continue reading “Law and policy update: Covid-19 Economic Package”
Projects, Energy & Infrastructure Monthly Update June 2020
Contributions by Projects, Energy & Infrastructure team Aakash Sharma | Associate Akshay Malhotra | Partner Anviti Bhadouria | Associate Esha Nair | Associate Ishita Gupta | Associate Regulatory & Policy team Anukriti Jain | Associate Jyotsna Khatri | Associate Molshree Bhatnagar | Associate Partner Parichita Chowdhury | Associate Samarth Kashyap | Associate Shefali Tripathi | …
Continue reading “Projects, Energy & Infrastructure Monthly Update June 2020”
Insolvency & Restructuring: Monthly Update June 2020
Contributions by: Abhirup Dasgupta Partner Pratik Ghose Partner Ramya Hariharan Partner Maaz Hashmi Senior Associate Avishek Roy Associate Asmita Rakhecha Associate Dipti Srivastava Associate Ishaan Duggal Associate Union Cabinet clears proposal for suspension of Sections 7, 9 and 10 of the IBC
Dispute Resolution and Arbitration Update June 2020
Contributors Faranaaz Kharbhari Counsel Kshitiz Khera Associate Partner Rahul P Jain Associate Counsel Maaz Hashmi Senior Associate Ishwar Ahuja Senior Associate Khusboo Rupani Associate Mahafrin Mehta Associate Jutishna Saikia Associate Recent judgements
Independence of Resolution Professionals
Authored by Abhirup Dasgupta, Partner and Ishaan Duggal, Associate The framework for bankruptcy and insolvency resolution in India is guided by the Insolvency and Bankruptcy Code, 2016 (IBC), which governs the provisions pertaining to the re-organization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner.
Bringing Music to Everyone’s Ears
Authored by Vanditta Malhotra Hegde, Managing Partner – Singh&Singh | Malhotra&Hegde As we endure the Covid-19 pandemic and wonder when this will end, the disputes between music labels and music platforms, like radio and internet, don’t seem to have an end in sight. The radio industry hascompulsory licence (CL) for music usage, and the Copyright Board order …
Tug Varahi
The Madras High Court on Saturday (June 13, 2020) ordered an arrest of a vessel, Tug Varahi, berthed at Adani Port, Kattupalli. The warrant of arrest was served on the vessel in the wee hours of Sunday (June 14, 2020), 1:30 am to be precise in the midst of the prevalent lockdown due to the pandemic. …
Business Rehabilitation in Thailand: What Every Thai and Foreign Creditor Needs to Know
This newsletter, which is the first in the series on business rehabilitation in Thailand, takes readers through the anatomy of a typical business rehabilitation proceeding under the Bankruptcy Act and highlights a number of the key preliminary issues that both Thai and foreign creditors should be aware of during each stage of the business rehabilitation …
Corporate reorganization in Ukraine: consolidations and liquidations
The global financial crisis and the COVID-19 pandemic are impacting businesses all over the world so badly that many operations have stopped, exports have fallen and imports are being replaced by domestic consumption, and international corporations had to put on hold any expansion plans and their forays into other markets. In such an unprecedented situation, businesses …
Continue reading “Corporate reorganization in Ukraine: consolidations and liquidations”