Profit on transfer of shares acquired under stock option plan taxable as ‘Capital Gain’ Not ‘Salary’

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Roadmap to a shorter listing period

By Sudhir Bassi, Oishik Bagchi In the United States, settlement of securities issued pursuant to a public issue takes place within 3 days from the issue closure. Over a period, the Securities and Exchange Board of India (SEBI) had reduced the timeline for listing from 12 working days to 6 working days from the date of issue […]

Making markets work for affordable healthcare

Recently, the Competition Commission of India (CCI) released a policy note titled Making Markets Work for Affordable Healthcare (Policy Note). The Policy Note asserts that the CCI, over the course of its adjudicatory experience, had observed information asymmetry and supplier-induced demand in the pharmaceutical / healthcare sector resulting in circumscribing consumer choice. The key issues […]

India: Competition commission clears Gail of dominance abuse

On 8 November 2018, the Competition Commission of India (Commission) passed a common order (Order) to dispose of 10 sets of information (Information) filed against GAIL (India) Limited (Gail) by some of its Regasified Liquified Natural Gas customers (Informants). The Commission found that Gail did not abuse its position of dominance in terms of Section […]

An unsigned arbitration agreement is not a bar to arbitration

In its recent decision in the matter of M/s Caravel Shipping Services Private Limited v M/s Premier Sea Foods Exim Private Limited (C.A. No.-010800-010801 of 2018 in SLP (C) Nos. 31101-31102 of 2016), the Supreme Court of India (Court) has held that the only prerequisite for an arbitration agreement is that it should be in […]

Competition law update: Rajasthan Cylinders v Union of India

Rajasthan Cylinders and Containers Limited v Union of India and Another (Civil Appeal No. 3546 of 2014) The Supreme Court allowed the appeals filed by 45 liquified petroleum gas cylinder manufacturers, setting aside CCI orders and order of the former Competition Appellate Tribunal (COMPAT), which had held that the manufacturers indulged in bid rigging in […]

Latest Briefings

Litigation funding 2019 – United Arab Emirates

By James Foster, Courtney Rothery We have authored the inaugural UAE chapter in the annual Guide to Litigation Funding published by Law Business Research (part of the “Getting the Deal Through” series). This is the third edition of the global survey of the law and practice of litigation funding. With the third-party funding of litigation and arbitration […]

The Bluberi CCAA proceedings: litigation funding in insolvency

By Patrice Benoit, Geneviève Cloutier On February 4, 2019, the Court of Appeal of Quebec released its decision in the matter of Callidus Capital Corporation and al. v. 9354-9186 Québec Inc. (formerly Bluberi Gaming Technologies Inc.).  With the increase in third party litigation funding, we are now seeing it being used in the insolvency context and the Court of […]

New parental leave arrangements in Jersey from September

By Helen Ruelle, Will Austin-Vautier Extended maternity and paternity leave giving new parents the legal right to a year away from work are set to come into force in September – and employers need to have updated handbooks, policies and contracts in time for the change. The new proposed rights offer 52 weeks of leave to parents […]

The future of Cayman vehicles in Asian structures

By Kate Hodson, David Nelson The Cayman Islands is one of the most utilised international finance centres (IFC) in the Asian finance industry. The largest and most populous continent, Asia covers a diverse cultural landscape, with highly differing economies, laws and regulations and it is against this backdrop that the use of Cayman structures has been established […]

Guidelines for the selection of trade names of medicines and for manufacturing of finished dosage forms in the Eurasian Economic Union

The Board of the Eurasian Economic Commission (EEC) approved on 29 January 2019 the Recommendations on the Guidelines for the Selection of Trade Names of Medicinal Products and the Guidelines for Manufacturing of Finished Dosage Forms of Medicinal Products in order to eliminate differences in the requirements for the manufacturing of finished dosage forms of […]

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moves, lateral hires and exits

Further DWF defections as real estate finance duo leave firm

Partners continue to trickle out of DWF ahead of its proposed £1bn IPO, with the latest two leavers being snapped up by Fieldfisher. Iain Thomas and Christian Francis are to join Fieldfisher’s real estate finance practice. Thomas led the real estate practice at DWF, where he has been since 2014. He was previously a partner at […]

Frankfurt

Pinsents swoops into Frankfurt with six-partner team

Pinsent Masons is to open its third office in Germany, hiring partners from a number of different firms for its latest international launch in Frankfurt. The office will be its third location in Germany, after Munich and Düsseldorf, and will focus on the technology, energy and real estate sectors. The founding team have been recruited from […]

Fieldfisher

Fieldfisher debuts stand-alone funds firm to skirt panel conflicts

Fieldfisher has debuted a new firm that will focus exclusively on the hedge fund market and work with businesses in the alternative investment management area. Located at 1 Mayfair Place, a hedge fund hub, specialist firm Cummings Fisher has been launched to deal with derivatives and investment funds and will be helmed by Claire Cummings, […]

Gowling WLG advises Alectra Utilities in the merger of two electricity distribution utilities

On Jan. 1, 2019, Alectra Utilities Corporation and Guelph Hydro Electric Systems Inc. completed the merger of their two electricity distribution utilities. Alectra  is now the largest municipally-owned electric utility in Canada  by customer base, serving more than one million homes and businesses in Ontario’s Greater Golden Horseshoe area. Gowling WLG advised Alectra Utilities Corporation […]

Norton Rose Fulbright pair leave for KPMG

KPMG is continuing its push into the legal market with the raid of two partners from Norton Rose Fulbright‘s international network. The hires include corporate tax partner Angela Savin, who has joined KPMG’s tax litigation and disputes team in London, and Sydney -based Zein El Hassan, who helmed the firm’s financial services risk advisory team in Australia […]

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