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  • The tax dispute between Vodafone and the Indian Tax Authority, which was seemingly settled by the Supreme Court of India in January, has dominated financial media since. Although not solely responsible for the recent decline in foreign direct investment, the proposal to amend the tax law retrospectively is deemed by many to be against internationally recognised principles
  • The new Takeover Code has raised the mandatory open offer rate and the open offer requirement rate. Private equity and strategic investors have generally welcomed its introduction as it permits them greater flexibility to increase shareholding without triggering takeover regulations
  • Khaitan & Co
  • By Shardul Shroff, Raghubir Menon and Rishi Anand, Amarchand Mangaldas
  • Kaushal Kumar Sharma is the former director general of the Competition Commission of India and now heads an independent functional departmental unit within the Income Tax Department (ITD). He tells Canace Wong how his experience has been brought to bear with the recent controversy over the proposed retrospective amendments to India’s Income Tax Act
  • The third annual India Awards, co-hosted by Euromoney Legal Media Group titles International Financial Law Review and Asialaw, took place at the Trident Hotel in Mumbai on July 5. Almost 150 leading practitioners from all segments of India’s legal profession attended this year’s awards ceremony
  • The SEC ensured that few trades were cancelled after last week’s error. Here's how another SEC-backed initiative might have further limited busted trades
  • Although its implementation has been delayed by a year, the GAAR has left investors unable to plan their transactions with any degree of certainty. Canace Wong reports
  • Aseem Chawla
  • Here's how Iosco’s recent consultation and LCH Clearnet’s newly-launched clearing service could provide a CCP resolution template