Flawed Indian competition law will harm M&A

Author: | Published: 9 Jun 2009

Despite concerns that India’s competition law could inhibit M&A and discourage foreign investment, the government announced this week that it would be implemented within 100 days.

“Regulation of combinations will change the nature of all M&A in India,” said Kirtee Kapoor of Davis Polk & Wardwell. “In particular, the control threshold is expansive, so many transactions will be caught, and the review period is inordinately long.”

On Monday, Salman Khurshid, India’s corporate affairs minister, told the...