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Clasis Law is a full-service Indian law firm that is truly international in its experience and capability with offices in New Delhi and Mumbai. Our…
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Clasis Law | India | 5 Feb 2024

New Horizons for Indian Companies: Direct Listings on International Exchanges in GIFT IFSC

On January 24, 2024, Ministry of Finance amended the existing Foreign Exchange Management (Non-debt Instruments) Rules, 2019 to enable the direct…
Article
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Clasis Law | India | 29 Jan 2024

Disclosure of Significant Beneficial Ownership in Limited Liability Partnerships

The Ministry of Corporate Affairs (“MCA”) took significant steps towards enhancing transparency in ownership and control of Limited Liability…
Commentary
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Clasis Law | India | 16 Jan 2024

Key developments in litigation in 2023

This article covers several progressive changes which have come up in the legal industry and have shaped the course of litigation in 2023. While last year saw many considerable changes in dispute resolution, this article also highlights the most relevant changes in the litigation of other sectors.
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Clasis Law | India | 10 Jan 2024

Whether the Doctrine of Group of Companies is valid under the jurisprudence of India Arbitration Act?

While considering an application under Section 11(6) of the Arbitration and Conciliation Act, 1996 (“Act”), a three judge bench of Supreme Court…
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Clasis Law | India | 8 Dec 2023

Delhi High Court holds that its powers under Section 27 of the Arbitration & Conciliation Act, 1996 are not adjudicatory in nature and the arbitral tribunal must adjudicate the relevancy and materiality of the evidence.

In the matter of Steel Authority of India Vs. Uniper Global Commodities, the Hon'ble Delhi High Court dismissed the Petition under Section 27 of the…
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Clasis Law | India | 14 Nov 2023

Impact Of Dematerialisation Of Securities On Foreign Subsidiaries

In accordance with the recent amendment issued by the Ministry of Corporate Affairs (“MCA”) on October 27, 2023, a new rule i.e., Rule 9B (“Rule”)…
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Clasis Law | India | 25 Oct 2023

No Claims to be admitted after approval of the Resolution Plan by Committee of Creditors

In a recent ruling, the Supreme Court of India delivered a significant pronouncement concerning the admission of claim…
Article
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Clasis Law | India | 28 Sep 2023

Applicability of the three-pronged test to seek stay on enforcement of an anti-suit order

Recently, the Hon'ble Bombay High Court (“Court”) pa…
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Clasis Law | India | 5 Sep 2023

Whether the marine insurance claim of the Ship Owner be rejected on the ground that the Vessel was unseaworthy during the voyage?

Hind Offshore Pvt. Ltd. (“Appellants”) filed an Appeal before the Hon’ble Supreme Court of India (“Supreme Court”) assailing the impugned order dated…
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