Home • The Firm • Contact Us
March, 2005

This quarterly legal Newsletter comes to you courtsey Kachwaha & Partners. We hope you enjoy its crisp informative style on select topics. Please do write if you have any comments or wish for more information.
Arbitration

• Arbitration (Amendment) Bill: an update: Government and Chambers not in favour of wholesale review.

• Motorola Inc. seeking enforcement of a foreign award permitted to go forum shopping to attach assets.
Corporate

• Foreign companies having joint ventures in India no longer require the Indian partner’s consent to enter into new ventures.

• Foreign direct investment ceiling for telecom increased from 49% to 74%
Infrastructure

• India allows 100 percent foreign equity in construction. Minimum area decreased to 10 hectares from 100 acres.

• India emerges as the third largest wind energy market worldwide in terms of new installations; fifth in terms of overall capacity.
Intellectual Property

• India wins “neem” (herbicide) patent battle in Europe

• Indian patent laws become WTO complaint -

• India’s leading corporate house, Tata Sons Ltd. wins battle against misappropriation of domain name.
Litigation

• Anti-Dumping: Supreme Court rejects imposition of anti-dumping duties on Chinese subsidiary of Mastsushita S. Electric Industries Corporation on the basis of non-market economy principles.

• Government undertakes to the Supreme Court to amend the new Competition Act, 2002 to meet the challenge that there is usurpation of judicial power by the executive
BANKING

• Foreign banks can now enter India via a branch or set up a wholly owned subsidiary in the country.

• GE plans to set up a bank in India
Taxation

• National Tax tribunal proposed for speedy disposal of tax cases – Bill introduced in Parliament

• Government okays tax treaties among SAARC Countries
BUDGET

• Government announces its Annual Fiscal Budget for the year 2005-06
.... & Others

• India continues to top the list of the most favoured outsourcing destinations across the world.

• Ongoing session of the Parliament; to consider Employment Guarantee Bill and Right To Information Bill amongst others.

• Shipping industry waking up to India’s attraction as an outsourcing destination.
Archive by Category: .... & Others • Arbitration • Banking • Budget • Corporate • Infrastructure • Intellectual Property • Litigation • Taxation •
Disclaimer:
The matters contained in the Newsletter are merely informative in nature and are not meant to constitute legal advice.
Copyright:
Copyright of all contents in the Newsletter vest with Kachwaha & Partners.