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Compulsory license granted by the Indian Patent Office

India - 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.

Priya Mehra, Jai S. Pathak

Qualified Foreign Investors permitted to directly invest in equity shares of Indian listed companies

India - 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.

Priya Mehra, Jai S. Pathak

The Supreme Court of India rules in favor of Vodafone in a landmark judgment

India - 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.

Priya Mehra, Jai S. Pathak