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  • JV hope with demise of Press Note 1
    The Consolidated FDI Policy, effective from April 2011, abolished Press Note 1 and allowed foreign companies to freely set up joint ventures with domestic partners. This development was a welcome step for lawyers and investors, and is a sign of the Indian government’s resolve to encourage foreign investment.
    September 30 2011
  • Key M&A deals
    Law firms
    September 30 2011
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    Vedanta-Cairn: lessons learned
    The Vedanta Resources-Cairn India deal was first announced mid-way through 2010. As we approach the final quarter of 2011, the transaction is just crossing the finishing line with approval from the government.
    September 30 2011
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    Bankers’ counsel call for clarity on Takeover Code revisions
    Bankers’ counsel in India expect revised takeover rules to have little impact unless implementation issues are addressed
    September 30 2011
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    Remaining compliant
    Running what amounts to a small in-house law firm at the business process outsourcing subsidiary of Indian IT company Infosys, head of legal Neil Mathur is bullish about legislative developments
    September 30 2011
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    Hopes high for copyright legislation amendments
    By Adarsh Ramanujan, Lakshmi Kumaran & Sridharan
    September 30 2011
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    IP in India comes of age
    Intellectual property work in India has blossomed in recent years as domestic and international companies have looked long and hard at their portfolios in the wake of the global financial crisis and stepped up measures to protect their IP rights.
    September 30 2011
  • Telco vendors face increased security
    An update from the Department of Telecommunications (DoT) on security clearance procedures has tightened rules regarding telecommunications equipment. The new amendments – introduced to the Unified Access Service and the Cellular Mobile Telephone Service Licence Agreements (Security Regulations) – are part of a wave of increased telecommunications security mandated by the central government since 2009. These changes affect all foreign vendors and licensed telecommunications companies.
    September 30 2011
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    Award recognition for increasingly influential profession
    The second annual India Awards, co-hosted by Euromoney Legal Media Group titles International Financial Law Review and Asialaw, took place at the ITC Grand Central Hotel in Mumbai on July 7. The large attendance suggested that a dedicated Indian law awards ceremony is an event that has been truly embraced by both the domestic and international legal professions
    September 30 2011
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    Pragmatism prevailing among promoters
    Companies such as Patni Computers may need the support of private equity funding to develop The level of pragmatism in decision making in Indian businesses is on the rise, say practitioners. Recent observations from the legal market have indicated that while strategic vision and emotion remain integral considerations for business decisions, Indian promoters have grown more pragmatic.
    September 30 2011
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