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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.

Jai S. Pathak, Karthik A. Thiagarajan

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.

Jai S. Pathak, Karthik A. Thiagarajan

The Government of India allows up to 100% FDI in single-brand product retail trading (subject to certain conditions)

India - 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").

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.

Jai S. Pathak, Karthik A. Thiagarajan

The Government of India issues clarifications to its data privacy rules

India - September 9 2011 On August 24, 2011, the Ministry of Communications and Information Technology of the Government of India ("IT Ministry"), through the Press Information Bureau, issued a press note ("Press Note") containing certain clarifications to the Information Technology (Reasonable security practices and procedures and sensitive personal data or information) Rules, 2011 ("Data Privacy Rules") issued earlier in the year.

Jai S. Pathak