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Set up in 2001 with the aim of bringing together a diverse set of professionals to deliver effective solutions for clients, Economic Laws Practice…
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Economic Laws Practice | 30 Jul 2021

India M&A: Representations, Warranties, Indemnities and Insurance in M&A

"A common feature of M&A transactions in India is a robust set of representations and warranties (R&W) backed by indemnities. R&W allocate risks between the acquirer and the..."

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Economic Laws Practice | India | 20 Apr 2021

Equalization Levy: The Ambiguity continues to exist

India has expanded its regime of equalization levy to cover 'e-commerce supply' by non-resident electronic commerce operators (ECOs) having operations…
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Economic Laws Practice | India | 20 Apr 2021

Transgenerational Wealth - Estate & Succession Planning

Succession planning is not a one-time transactional approach of passing on assets to the next generation in a tax efficient manner. It is often…
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Economic Laws Practice | India | 20 Apr 2021

India’s Customs Tariff Policy: Clear, Unambiguous and Truly Evolved

The two T's of cross border i.e. tension and trade, are best addressed with a clear policy. The good news is that Union Budget 2021 sets out India's…
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Economic Laws Practice | India | 20 Apr 2021

Goodwill in M&A lost forever

The Finance Bill 2021 has proposed that goodwill of a business or profession will not be considered as a depreciable asset. Depreciation would…
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Economic Laws Practice | India | 20 Apr 2021

Defence Acquisition Procedure 2020 - Key Takeaways

The Ministry of Defence (MoD) has released the long-awaited Defence Acquisition Procedure 2020 (DAP 2020), which came into effect on October 1…
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Economic Laws Practice | India | 20 Apr 2021

India’s New Labour Codes

One of the last bastions to fall in the regulatory reform landscapes in India is the labour legislations. Some of them date back to 1926, and the law…
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Economic Laws Practice | India | 20 Apr 2021

Snowballing Role of Trustees in Mutual Funds

The Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 (SEBI MF Regulations) prescribe a three-tiered structure consisting of…
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Economic Laws Practice | India | 20 Apr 2021

Revisiting Arbitrability of Frauds in India

In legalese, there exists a rather mundane and oft-quoted phrase - "fraud vitiates everything". While this phrase has generally stood the test of time…
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Economic Laws Practice | India | 25 Jul 2019

ELP Arbitration Weekly Alert - Sterling Industries v. Jayprakash Associates & Ors.

The Allahabad High Court while exercising its writ jurisdiction under Article 227 of the Constitution of India. (“Constitution”), had set aside a…
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