India

News & Analysis as of

Department of State Releases January 2015 Visa Bulletin

Cutoff dates in the EB-2 India category remain severely backlogged, cutoff dates in EB-3 for the Rest of the World advance by seven months, cutoff dates for China advance by nine months, and EB-3 China is still ahead of EB-2...more

India Amplifies Compliance Norms for Wealth Tax Purposes

In a recent development, the compliance norms for wealth tax purposes in India have been amplified. Accordingly, overseas assets of persons subject to Indian wealth tax, including...more

Trade & Manufacturing - News of Note - December 2014

White House Announces Action Items To Strengthen U.S. Manufacturing - On October 27, President Obama unveiled new executive actions aimed at strengthening U.S. manufacturing. The actions were announced at a meeting of...more

Trade Facilitation Agreement On Track for Implementation

On November 27, the General Council of the World Trade Organization (WTO) adopted a decision to implement the Trade Facilitation Agreement (TFA). The TFA was the centerpiece of the Bali Package, which had been accepted at the...more

Bennett Jones Fall 2014 Economic Outlook

We expect a modest strengthening of global growth over the next two years relative to 2013 and 2014, largely originating from the advanced economies, and the U.S. in particular. Growth in the emerging economies as a whole...more

Doing Business in India – Corruption Risks and Responses

Recently the US law firm of Foley and Lardner LLP and MZM Legal, Advocates & Legal Consultants in India jointly released a white paper, entitled “Anti-Bribery and Foreign Corrupt Practices Act Compliance Guide for U.S....more

Anti-Bribery and FCPA Compliance Guide for U.S. Companies Doing Business In India

The U.S. Foreign Corrupt Practices Act of 1977 (“FCPA”) presents significant liability, risks, and compliance challenges for U.S. firms pursuing business opportunities in India. U.S. regulators have brought numerous...more

Navigating India: Lessons for foreign investors

Foreign companies that learn from the experience of previous investors can navigate the challenges of investing in India. Optimism for doing business in India is rising. Enthusiasm rocketed when Narendra Modi was...more

Department of State Releases December 2014 Visa Bulletin

The Bulletin shows that cutoff dates in the EB-2 India category remain severely backlogged, cutoff dates in EB-3 for the Rest of the World and China advance by five months, and EB-3 China is now ahead of EB-2 China....more

How Can Predictive Analytics Give Auto Manufacturers a Lead on Developing Markets ?

The opportunity of a rapidly developing middle class in countries like China, India, and Brazil is not lost on the major auto manufacturers. GM, Ford, Toyota, Volkswagen, and others made their bets on these markets years ago...more

Rights of Co-Owners to License Patent Rights

It is sometimes tempting when entering into a joint research agreement to agree that both parties will jointly own any patent rights arising from the collaboration. However, unless the rights of each party are clearly set out...more

International Arbitration Newsletter

In This Issue: - The 2014 LCIA Rules - Latham & Watkins Secures Arbitral Award and Judgment When Respondent Fails to Post Full Security for Enforcement Stay - Ukraine Crisis: A Recap of the Latest US and EU...more

Changes to the UK Immigration Rules

The changes relate to amendments being made to the Tier 2 category, business visitors, and several Tier 1 categories and will affect employers in the UK....more

Government of India Discloses Names of Overseas Bank Account Holders: Risk and Ramifications Analysis

The Government of India (GOI) on 27 October 2014 made a disclosure to the Supreme Court of India containing the names of three prominent individuals who had opened overseas bank accounts allegedly with proceeds tainted...more

Five Export Markets Offer Growth Opportunities – Are you ready?

According to a recent report released by Moody’s credit rating agency, among the world’s top 20 economies, China, India, Indonesia, Saudi Arabia, and Turkey will be the fastest-growing economies of 2014. At the very least,...more

Top of Mind - October 2014: Editor's Choice

BYOD: cool but dangerous – 3 HIPAA Security Rule challenges, 7 key precautions - Companies and employees like the idea of bring your own device (BYOD) policies that allow employees to use their personal mobiles for...more

The Singapore-India Connection: A Robust Past and a Compelling Future

In determining the optimum gateway for investing into India, reliance on industry data may be the most prudent opening gambit. Data released by India's Department of Industrial Policy & Promotion peg Mauritius and Singapore...more

Bombay High Court Rules in Favour of Vodafone India in $490 Million Tax Dispute

On 10 October 2014, the Bombay High Court delivered a judgment in favour of Vodafone India Services Private Limited (Vodafone India) in a long-pending USD 490 million tax dispute. The Vodafone India intra-group transaction...more

November 2014 Visa Bulletin Issued

Although there was a slight forward movement in most categories, the EB-2 for Indian nationals regressed significantly from May 1, 2009 to February 15, 2005....more

ML Strategies Energy and Environment Update: October 2014

ENERGY AND CLIMATE DEBATE - With a little over three weeks to go before the elections, and just a bit more than that until the next round of international climate negotiations, the United States is trying to determine...more

Visa Bulletin for November 2014: India EB2 Retrogresses to February 2005

The U.S. Department of State has published the monthly “Visa Bulletin” for November 2014. The Visa Bulletin is a government publication, the primary purpose for which is to provide an updated waiting list for immigrants that...more

Department of State Releases November 2014 Visa Bulletin

Bulletin shows severe retrogression of cutoff date in EB-2 India category; meanwhile, the cutoff date in all other employment-based categories will advance. EB-3 China will once again move ahead of EB-2 China....more

Indian Supreme Court Cancels Mining Concessions

On 24 September 2014, the Indian Supreme Court cancelled 214 out of the 218 existing coal-mining licenses. The only mining licences which were not cancelled were four coal blocks made to Government controlled undertakings...more

ML Strategies Energy & Environment Update: Week of 10/6/2014

The fifth annual United States-India Energy Partnership summit took place in Washington last week. The United States and India created the Clean Energy Finance Forum September 30 after Indian Prime Minister Narendra Modi met...more

Supreme Court of India Cancels 214 Coal Block Allocations

In a judgment delivered on 24 September 2014, the Supreme Court of India cancelled 214 coal block allocations that had been in place since 1993. Out of the 214 cancelled allotments, 42 coal blocks with end-use plants that...more

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