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18 results for LexBlog India › Squire Patton Boggs

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  • Confederation of Indian Industry Roundtable on ‘US-India Relations: In a Challenging World’ – October 11, 2019 – Colaba, Mumbai

    Confederation of Indian Industry (CII) will host a private discussion that features our colleagues former US Representative Joseph Crowley (D-New York), former US Ambassador to India Frank G. Wisner and co-chair of the Squire Patton Boggs International Trade Practice Frank Samolis. The speakers will address forthcoming US elections/public policy, global and US-India trade issues and US-India...

  • SPB Trade Practitioners To Speak at Roundtables Hosted by USISPF and SPM Capital Advisors – Mumbai (Oct. 15, 2019) and Delhi (Oct. 17, 2019)

    The US-India Strategic Partnership Forum (USISPF) and SPM Capital Advisors will host two private industry roundtables on ‘The Evolving US India Relations‘ that feature our colleagues former US Ambassador to India Frank G. Wisner, former US Representative Joseph Crowley (D-New York), former British diplomat Matthew Kirk and the co-chairs of the Squire Patton Boggs International Trade Practice,...

  • The Law Versus the Spirit of Cricket

    Indian Premier League Over the last decade, the Indian Premier League (“IPL”), a marquee Indian cricket event and an international premier Twenty20 cricket competition, has transformed cricket into more than just a “gentleman’s game.”  The IPL, founded and organized by the Board of Control for Cricket in India (“BCCI”), is a cricketing festival that hosts...

  • CFIUS Clearance: Hindalco Industries, Novelis, and Aleris

    Status:  Clearance   Acquirer:  Hindalco Industries Limited (India); Novelis Inc. (Canada) Acquired:  Aleris Corporation (US) Value:  Approx. US$2.6 Billion Industry:  Metals; Aluminum On July 26, 2018, Aleris Corporation, a US based aluminum producer, and Novelis Inc., a corporation organized under the laws of Canada and a subsidiary of Indian company Hindalco Industries Limited, entered into...

  • Webinar: De-coding the Complex Indian Employment Landscape

    Squire Patton Boggs presents a webinar intended to de-code India’s complex employment landscape. There are a multitude of employment laws to be taken into account, some of which date back to the early part of the last century. As one of the world’s fastest-growing economies over recent years, India’s employment legislation has needed to adapt...

  • CFIUS Filing Clearance: UPL Corporation Ltd. and Arysta LifeSciences Inc.

    Status:  Clearance   Acquirer:  UPL Corporation Ltd. (India; Mauritius) Acquired:  Arysta LifeScience Inc. (US) Value:  Approximately US$4.2 Billion Industries:  Chemicals; Agrochemicals UPDATE:  On January 24, 2019, Platform Specialty Products Corporation announced “that all regulatory approvals necessary to complete the previously-announced sale of Platform’s Agricultural Solutions business,...

  • Likely CFIUS Clearance: AGC Networks and Black Box Corporation

    Status:  Likely Clearance   Acquirer:  AGC Networks Ltd. (India) Acquired:  Black Box Corporation (US) Value:  Approximately US$16.3 Million Industry:  Technology Services; Network and Data Solutions UPDATE:  On January 7, 2019, “all conditions to the Offer having been satisfied or waived,” Host Merger Sub Inc., a Delaware corporation and an indirect wholly owned subsidiary of AGC Networks...

  • CFIUS Filing Clearance: Reliance Industries and Radisys Corporation

    Status:  Clearance   Acquirer:  Reliance Industries Limited (India) Acquired:  Radisys Corporation (US) Value:  Approx. US$74 Million Industry:  Telecommunications On June 29, 2018, Radisys Corporation, a US based telecom solutions provider, entered into a merger agreement with Reliance Industries Limited, a company organized and existing under the laws of India involved in hydrocarbon...

  • India’s New Anticorruption Law Casts Wider Net

    The Indian Parliament amended the Prevention of Corruption Act (“POCA”) on  July 19, 2018. This legislation marks an important step for India towards checking political graft. Below are some highlights of the changes. Widening the net Unlike its predecessor, which only prosecuted bribe-givers as abettors, the new legislation goes further by prosecuting bribe-givers as principals. Under...

  • India’s Insolvency and Bankruptcy Code 2015

    What is this all about? India is proposing a new insolvency and bankruptcy code. It’s all part of the “Make In India” campaign by Narendra Modi’s government who are trying to attract businesses to India. Current law It does not appear that there has been a single separate law for bankruptcy legislation in the country’s...

  • Disclosure Practice in India

    A recent pharmaceutical patent case in India has highlighted the strict requirements for disclosure to the Indian Patent Office. In this case, Allergan had its patent for a combination ophthalmic therapy using Brimonidine and Timolol invalidated as failing to comply with the disclosure requirements of Section 8 of the Indian Patent Act. Section 8 requires...

  • M&S strengthens its anti-bribery controls in India

    British retail giant Marks & Spencer (M&S) is attaching strict anti-bribery clauses to agreements in India as the company moves ahead with its expansion plans in the country. M&S currently operates 25 stores in India through a 51:49 joint venture agreement with Reliance Retail Limited, a subsidiary of Reliance Industries.  The retail giant is also...

  • Oracle Corporation Agrees to Pay $2 Million to Settle Books and Records and Internal Controls Violations of the FCPA

    On August 16, 2012, the Securities and Exchange Commission filed a Complaint against Oracle Corporation for alleged FCPA violations stemming from actions by the software giant’s Indian subsidiary, and Oracle has agreed to pay $2 million to settle the matter. According to the SEC’s Complaint (which can be found here), from 2005 to 2007, certain...

  • Aviation Corruption

    The aviation industry appears to be particularly prone to bribery and corruption which can be a typical characteristic of an industry that is subject to multiple layers of regulation. This is especially true in India where bureaucracy and red tape is widely encountered by the consumer. The Business Standard reports that, on the basis of...

  • Indian Anticorruption Ombudsman

    The Lokpal Bill, 2011 (PDF/541KB/40 pages), has today been introduced to the Lok Sabha (House of the People), the lower house of the Parliament of India. Its remit is to develop effective anti-corruption and grievance redressal systems so that an effective deterrent is created against corruption and to provide effective protection to whistleblowers. At its centre is the office...

  • Food for Thought

    India is no stranger to hunger strikes being used as a form of non-violent resistance. Perhaps the most famous example of this is that of Gandhi during his protest against British rule in India. More recently, as reported by The Telegraph, we see fasting being used by the Indian yoga guru, Swami Ramdev, to object...

  • Vigilance at its best?

    Earlier this month, the BBC reported that an Indian government appointee had resigned due to allegations of corruption.  The cynics among us would not necessarily have batted an eyelid, but what made me take particular notice on this occasion was the fact that the person in question, Shri P J Thomas, was the head of the...

  • Social Audits with Chinese Characteristics: PRC Higher Courts’ Online Complaint Tool

    At the end of last year, successful use of ‘social audits’ in India to enable citizens to ensure  public officials are applying public funds properly received media attention. By turning citizens into watchdogs at the local level, thousands of corrupt officials have been caught and information sharing is a key part of the audit process: “The results...

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