Troutman Pepper (JD Supra India)
U.S.-India Newsletter - September 2019
Over the years, and following the general elections in 2019, the partnership between the United States and India has gone from strength to strength. U.S.-India bilateral trade surged to more than $142 billion in 2018, up 12.7 percent from $126 billion in 2017, according to a report from the U.S.-India Strategic Partnership Forum (USISPF). In a significant development, India became the 37th...
Modi's Demonetization Policy: Is the Cure Worse than the Disease? U.S.-India Newsletter Volume 2017, Issue 1
In the short term, demonetization has completely dampened the Indian economy. On November 8, 2016, Indian Prime Minister Narendra Modi declared that the two highest denomination currency notes, INR 500 notes (USD 7.3) and INR 1000 notes (USD 14.6) (which represent 86 percent of all currency in circulation), would be forfeited from being legal tender. By midnight, these notes were demonetized
Recent Changes to the India-Mauritius Tax Treaty: What Does This Mean for American Investors?
The amendments may cause some uncertainty and anxiety for U.S. investors as they consider how these changes will impact business, income, profitability and the benefits or drawbacks of investing in India through Mauritius.
U.S.-India Newsletter - Vol. 2016, Issue 3
Summer 2016 was a season of change. In Europe, we saw the "Brexit," with the United Kingdom voting to withdraw from the European Union. The June referendum sent shockwaves through the business and finance communities and brought about a regime change in the UK as Theresa May took over as prime minister. Political change is on the horizon in the United States as well as we finished a raucous...
U.S. - India Newsletter Vol. 2016, Issue 2
Welcome to the second issue of our newsletter, which features news and articles of interest from Pepper’s U.S.-India Practice. In the first quarter of 2016, we saw a lot of activity in the international data privacy space, as well as a number of developments in India’s technology industry, including the launch of Startup India. To address some of these topics, we held a joint webinar with...
The Long and Winding Road of Arbitration in India - Examining 20 Years of the Indian Arbitration and Conciliation Act of 1996
India cannot sustain its quest for global credibility and endeavor to be an attractive destination for foreign investment if it is believed to be an unreliable venue for enforcing foreign arbitration awards. Many companies around the world are exclusively adopting arbitration to resolve cross-border commercial disputes.
Out of the Frying Pan: The Complexity of Enforcing a U.S. Judgment in India - U.S.-India Newsletter - Vol. 2016, Issue 1
Because the United States is a non-reciprocating territory, U.S. judgments do not qualify for expedited treatment under Indian civil procedural laws. As a result, the decree-holder must file a new suit to enforce the judgment in India. The U.S. judgment is, at best, afforded persuasive evidentiary value in this new suit.