News & Analysis as of

India

India: Foreign Investment Promotion Board Abolished

by Morgan Lewis on

The Union Cabinet approves abolition of the FIPB—a move consistent with the Indian government’s ongoing efforts to increase the ease of doing business in the country....more

H-1B Visa Petitions from India-based Companies Drop Significantly in FY 2016

by Morgan Lewis on

The top seven India-based outsourcing companies received approximately 7,000 new H-1B visa petitions for initial employment in fiscal year 2016, representing a decrease of 37% between fiscal year 2015 and fiscal year 2016,...more

Narendra Modi: transformative global leader - Canada’s 22nd Prime Minister, The Rt. Honourable Stephen Harper gives his insights...

by Dentons on

Despite a multitude of political and business risks, India is emerging as an international power through recent dramatic domestic economic reforms and the emergence of a stable majority government in recent elections. The...more

In a landmark ruling, Indian court rejects objections to enforcement of a $300 million LCIA award

by White & Case LLP on

On 11 April 2017, the High Court of Delhi handed down its decision in the case of Cruz City Mauritius Holdings v Unitech Limited, rejecting objections to the enforcement of a US$300 million LCIA award....more

India Extends Service Tax On Freight

by Reed Smith on

Indian authorities have recently extended the service tax on ocean freight, payable under the Finance Act 1994 (“Service Tax”), to cargoes imported on a CIF basis. The amendments to the Act in this regard came into effect...more

Global Merger Control Update - May 2017

by Jones Day on

This is the quarterly Jones Day Global Merger Control Update, which will discuss recent developments in existing regimes and the emergence of new merger control regimes worldwide. In recent years, there has been a surge...more

Blockchain Week in Review – May 2017 #4

by Perkins Coie on

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

State Department Makes Predictions about EB Cut-Off Date Movement

by Morgan Lewis on

Notably, the State Department stated with certainty that the EB-2 Rest of the World category likely will retrogress in the coming months....more

Dr. Reddy’s to Install GE Healthcare’s FlexFactory

by Goodwin on

GE Healthcare announced today that Dr. Reddy’s will install GE Healthcare’s FlexFactory in Dr. Reddy’s facility in Hyderabad, India. According to the press release, “FlexFactory will help Dr. Reddy’s increase its capacity to...more

Fast-Tracking Patent Applications in Asia

The process of patenting an invention can be cumbersome, resulting in Applicants waiting several years before their patents are picked up for examination. Various jurisdictions have realized the pressing need to shorten the...more

Demand Pushes Back Dates For China, India EB Visas, Department Of State Announces

by Jackson Lewis P.C. on

While the Department of State’s Visa Control and Reporting Division had hoped it would not be necessary to include a cut-off date in the first preference category, that cut-off has come to pass. In its June 2017 Visa...more

Department of State Releases June 2017 Visa Bulletin

by Morgan Lewis on

Significant retrogression for EB-1 India and China. The US Department of State has released its June 2017 Visa Bulletin setting out per-country priority date cutoffs that regulate immigrant visa availability and the flow...more

Global Employee Equity at a glance: India

by White & Case LLP on

Stock Option Plans: Employment - Labor Concerns - There is a risk that Plan benefits could be considered part of an employee's salary for the purposes of calculating entitlements on termination of employment. An...more

Bridging the Week - May 2017

Registration Form for Individuals Revised by CFTC: The Commodity Futures Trading Commission approved revisions to its Form 8R – the basic application form used by individuals to register with it as an associated person of a...more

USTR Report Highlights Foreign Barriers to U.S. Exports

by Polsinelli on

U.S. companies should review a recent USTR (United States Trade Representative) report providing insight into the various country-specific issues that may take center stage in future trade negotiations. Companies should then...more

"E-Commerce in India on the Rise"

Despite the headwinds facing Indian e-commerce start-ups, some of which had irrational cost structures and business models based solely on discounts, the overall success and potential of this sector, as well as its...more

OTA & Travel Distribution Update - April 14th, 2017

by Garvey Schubert Barer on

This week’s OTA & Travel Distribution Update for the week ending April 14, 2017 is below. Additional details regarding last week’s long-awaited report on online travel by the European Commission are featured in this week’s...more

Top international trade and export control developments in 2017 for ADG companies

by Hogan Lovells on

Aerospace, defense, and government services (ADG) companies increasingly rely on international customers and global supply chains to stay competitive in today’s global market. In the United States, ADG companies rely heavily...more

Reserve Bank of India Further Relaxes Rules on Foreign Direct Investment in LLPs

by Morgan Lewis on

The RBI Second Amendment removes certain restrictions regarding LLP activities. On 3 March 2017, the Reserve Bank of India notified the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident...more

Department of State Releases May 2017 Visa Bulletin

by Morgan Lewis on

Expect some retrogression in EB-1 and EB-2 cutoff dates in the coming months. The US Department of State has released its May 2017 Visa Bulletin setting out per-country priority date cutoffs that regulate immigrant visa...more

The 4 Most Challenging Countries for Depositions (And Solutions!)

by Planet Depos, LLC on

Taking an international deposition can be a difficult task all on its own, but add The Hague Evidence Convention regulations, and there is a whole new challenge to behold! However, with this quick guide, it won’t be all that...more

Appetite for Masala Bonds grows

by DLA Piper on

Borrowing by Indian companies from the overseas market or "External Commercial Borrowings" (commonly referred to as ECBs), is regulated by the Reserve Bank of India (RBI) and is governed by the various rules specified by the...more

India Modernizes its Arbitration System: U.S. Companies Should Consider Arbitration Clauses in Indian Commercial Contracts

by Foley & Lardner LLP on

The Indian court system has gained an unfortunate reputation for being notoriously slow, cumbersome, unpredictable, and unreliable, which makes solving commercial disputes in India a challenging ordeal. India ranks near the...more

U.S.-India Defense Cooperation Taken to the Next Level with Favorable Licensing Policy for Exports to India

On January 27, 2017, the Commerce Department’s Bureau of Industry and Security (BIS) recently made two significant changes to the Export Administration Regulations (EAR) concerning India that will facilitate the export of...more

Mandatory vs. Permissive Arbitration Clauses: A Survey of the Laws of Other Common Law Countries

In an earlier post we provided advice on how to interpret the words “may” and “must” when they appear in arbitration clauses that are to be interpreted under U.S. law. Among other things, we explained that an arbitration...more

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