COVID-19 – CLOSURE OF FACILITIES AND ESTABLISHMENTS IN INDIA
In light of the Hon’ble Prime Minister’s announcement on March 24, 2020 declaring a lock-down in India for 21 (twenty-one) days that emanated from the unfortunate COVID-19 epidemic, the relevant department of the Central Government has issued an order, inter alia, directing the closure of manufacturing facilities, shops and other establishments and prohibiting the provision …
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Coronavirus outbreak: Relaxed IBC timelines may be a face-saver for Indian corporates
Source: Business Today Authored by Partner Dipti Lavya Swain & Associate Ketaki Dandiya Keeping up with the needs of the fast-changing business environment, IBC has been amended for the fourth time since 2016 with multiple amendments under corollary laws in order to ensure a relentless spin of the wheels of the Indian economy.
Why the power sector deserves exemptions to the IBC
Source: BloombergQuint Author: Hemant Sahai It is an established fact that a robust power sector provides one of the fundamental underpinnings for modern socio-economic development. While a series of legislative reforms by the government – beginning with the plan in 1990s to galvanise private sector investment in this sector and resulting in the Electricity Act, …
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Supreme Court in Jaypee Infratech
Written by Jyoti B Singh and Mayank Samuel. Supreme Court in Jaypee Infratech: Third-party security holders are not financial creditors of the mortgagor entity. The Division Bench of the Hon’ble Supreme Court of India (“Supreme Court<”/ “Court”) in Anuj Jain, IRP for Jaypee Infratech Ltd v. Axis Bank Ltd and Ors. (Civil Appeal Nos. 8512-8527 …
HSA – Corporate Spring Cleaning
HSA – Corporate Spring Cleaning part 1
8th edition of Global Legal Insights – Energy
India Chapter Authors: Hemant Sahai, Apoorva Misra & Dipti Lavya Swain Source: GLI Energy 2020 Overview of the current energy mix, and the place in the market of different energy sources India is globally ranked third in power generation. accounting for 5.86%, i.e. 1,561,100 GW of the world’s total annual energy generation after China and …
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Coronavirus: The Fallacy of Forcing Force Majeure
Source: Bar and Bench Authored by Rajdeep Choudhury “Gasmaggedon” Sweeps Over Global Gas Market Manufacturers entangled in logistical nightmare as virus-hit China limps back to work Coronavirus casts a shadow on solar projects The above headlines are a stark reminder that the humanitarian challenges brought about by the outbreak of severe acute respiratory syndrome coronavirus …
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What are then the post-Brexit immigration rules regarding low -skilled migrants?
Brexit officially was approved by parliament and became effective on 31st January this year, and whilst the Prime Minister has refused to extend the transitional period beyond 31st December 2020, adamant upon leaving on a no-deal basis, if a trade deal cannot be struck, in the wake of the COVID-19 virus which is ravaging people …
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Yacht Importation Procedures
When a yacht is imported in the EU for commercial purposes, it must undergo relative VAT and customs procedures in order to subsequently be imported into the EU. On the other hand, for a yacht to be placed in the EU indefinitely it would need to be registered in an EU member state. In that …
COVID:19: Impact on the Financing Agreements
The COVID-19 pandemic and the consequent lock-down has impacted the business of all non-essential services and supplies and has disrupted collection and flow of revenues for such businesses. This impact has primarily been on account of the effect on global supply chains, foreign travel and inland transportation of goods and movement of people, especially for …
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