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Indian Government liberalizes the aviation, broadcasting and power sectors
- Gibson Dunn & Crutcher LLP
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- India
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- October 1 2012
The Government of India ("Indian Government") has approved a number of significant amendments to India's foreign direct investment ("FDI") policy in a variety of sectors including aviation, broadcasting, power and retail
Indian government liberalizes foreign direct investment in the retail sector
- Gibson Dunn & Crutcher LLP
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- India
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- September 28 2012
The Government of India ("Indian Government") has approved a number of far-reaching amendments to India's foreign direct investment ("FDI") policy in the retail sector through the issuance of Press Note 4 of 2012 and Press Note 5 of 2012, each dated September 20, 2012
Indian Supreme Court ruling supports foreign arbitration proceedings
- Gibson Dunn & Crutcher LLP
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- India
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- September 11 2012
Overturning a much criticized judicial precedent laid down by a Division Bench (consisting of three judges) of the Supreme Court of India ("Supreme Court") in the case of Bhatia International v.Overturning a much criticized judicial precedent laid down by a Division Bench (consisting of three judges) of the Supreme Court of India ("Supreme Court") in the case of Bhatia International v. Bulk Trading S.A. & Anr. in 2002 ("Bhatia International"), a Constitutional Bench (consisting of five judges) of the Supreme Court has effectively removed any interference by Indian courts in relation to arbitrations which have their 'seat' outside India
Revised policy on downstream investment by foreign-owned Indian banking companies
- Gibson Dunn & Crutcher LLP
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- India
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- August 13 2012
The Government of India ("Government") has revised its policy in relation to downstream investments by banking companies incorporated in India that are owned andor controlled by non-residents or non-resident entities ("Revised FDI Policy"
Foreign venture capital investors permitted to participate in the secondary market
- Gibson Dunn & Crutcher LLP
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- India
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- April 24 2012
The Reserve Bank of India recently issued a circular permitting foreign venture capital investors registered with the Securities and Exchange Board of India to participate in secondary market transactions, with effect from March 19, 2012
Compulsory license granted by the Indian Patent Office
- Gibson Dunn & Crutcher LLP
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- India
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- March 20 2012
In an unprecedented move, the Controller of Patents in India ("Controller") issued the first compulsory license under the Indian patent regime, since the Patent Act, 1970 ("Act") was amended in 2005 to permit product patents in India
FCPA trends in the emerging markets of China, India, and Russia
- Gibson Dunn & Crutcher LLP
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- China, India, Russia, USA
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- January 31 2012
China and India are the world's most populous countries and two of its fastest growing economies
Qualified Foreign Investors permitted to directly invest in equity shares of Indian listed companies
- Gibson Dunn & Crutcher LLP
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- India
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- January 31 2012
The Government in India ("Government") has extended the reach of a Qualified Foreign Investor ("QFI") in India by permitting it to directly invest in equity shares of Indian companies listed on Indian stock exchanges
The Government of India allows up to 100 FDI in single-brand product retail trading (subject to certain conditions)
- Gibson Dunn & Crutcher LLP
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- India
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- January 26 2012
On January 10, 2012, the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry, Government of India, issued a press note amending the Consolidated Foreign Direct Investment ("FDI") Policy of October 2011 ("Amendment"
The Supreme Court of India rules in favor of Vodafone in a landmark judgment
- Gibson Dunn & Crutcher LLP
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- India
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- January 20 2012
The Supreme Court of India ("Supreme Court") on January 20, 2012 has overturned a 2010 decision of the Bombay High Court which ruled that Vodafone was liable to pay $2 billion to the Indian tax authorities because Indian capital gains taxes applied on share transfers between two non-resident entities, as long as the underlying assets transferred were within India
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