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[By Utkarsh Trivedi] The author is pursuing LL.M in IADR at the National University of Singapore. Introduction On 24 August 2026, the Singapore International Commercial Court (“SICC”) dismissed Tata Power’s application to set aside a SIAC award of nearly US$500 million in favour of Kleros Capital Partners (“Kleros”), a BVI vehicle that claimed to have lost the chance to develop a coal deposit in Kamchatka, Russia, as a...
[By Siddhi Bhosale] The author is a student of Maharashtra National Law University, Mumbai. I. Introduction: Under the Alternative Investment Funds (‘AIF’) Regulations, 2012, AIFs can be classified into Category I, II and Category III AIFs. This categorisation is essentially based on the investment objectives and the overall impact a specific Category of AIF has on the broader economy at large. In this regard, Category III AIFs occupy...
[By Pawni Singh and Prikshit Rathore.] The authors are students of Gujarat National Law University ,Silvassa A director of a Scheduled Commercial Bank can, under the RBI’s current rules, borrow money through his Hindu Undivided Family without triggering any governance protections. No board approval, disclosure or recusal is mandated. The conflict of interest that Section 20 of the Banking Regulation Act, 1949 was enacted to prevent, operates in this scenario,...
[By Aman Pandey and Sukirti Bajpai] The authors are students of National University of Study and Research in Law, Ranchi. I. Introduction: The Supreme Court’s ruling in Amazon.com NV Investment Holdings LLC v. Competition Commission of India & Ors has decided on the issue whether the Competition Commission of India (“CCI”), after approving a combination under Section 31(1) of the Competition Act, 2002 (“the Act”), can reopen and...
[By Neha Lodha and Vivek Kumar] Ms. Neha Lodha is a Team Lead and Mr. Vivek Kumar is a Research Fellow at the Vidhi Centre for Legal Policy. Introduction In February 2026, the Reserve Bank of India (“RBI”) issued the Draft Amendment Directions for ‘Advertising, Marketing and Sales of Financial Products and Services by Regulated Entities’ (“Directions”) covering various aspects relating to marketing and sale of financial products...
[By Aviral Singhai and Shubham Sharma] The authors are students of National Law Institute and University Bhopal Introduction A foreign company can earn significant revenue from Indian users without adhering to the traditional notion of a fixed place. AppleTV, a service distinct from Apple Inc., can collect subscription fees from Indian viewers, Supercell can earn revenue from Indian gamers, and platforms such as Twitch or OnlyFans can generate...
[By Nalin Arora & Sofia Dash] The authors are students of Jindal Global Law School. Introduction During the COVID-19 pandemic, the Indian Government had introduced the Press Note No. 3 (2020 Series) (“PN3”) on April 17, 2020 to safeguard Indian companies from opportunistic takeovers/acquisitions. This was enforced through amendments to Rule-6(a) of the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (“NDI Rules”). The amended Rule-6(a) mandated government approval...
[By Shivam Tiwari] The author is a student of Gujarat National Law University, Gandhinagar. Introduction Once a patentable drug compound is produced through an artificial intelligence system on its own, the conventional concepts of ownership and value creation begin to collapse. An example may be a cross-border structure in which the Indian research and development subsidiary offers data curation services to its Luxembourg parent on a cost-plus...