A fair competition benefits everyone, including businesses, consumers and the economy as a whole. The Competition Act, 2002, protects the process of competition in an increasingly innovative and globalized economy. It aims to safeguard the interests of the consumers and ascertain freedom of trade carried on by other players in the market. This is done … More Understanding competition law compliance in corporate India
In the recent past, India has witnessed a scenario where several oil and gas contracts were involved in litigation or arbitration matters, primarily because of issues around interpretation of contractual terms or cost sharing. In many cases it has been seen that the resolution of such disputes requires significant involvement of experts such as drilling … More Managing disputes in the oil and gas industry
India has seen a spurt of corporate scams and cases of corporate espionage. This has resulted in an urgent need for a strong corporate compliance function. Bribery and corruption continue to pose significant challenges in India. The 2014 Transparency International Corruption Perceptions and Bribe Payers Indices (2011) rank India 85th (out of 174) and 19th (out … More India catching up on international trends on compliance
India has emerged as one of the most preferred destinations for investments and trade. Sectors such as infrastructure, real estate, e-commerce, and information technology have witnessed increased collaboration and entry of foreign investors. However, as per the World Bank report on Ease of doing business rankings, India is still ranked at just 142. In August, … More Proposed amendments in Arbitration Act for faster resolution of commercial disputes
Consider this – An anonymous whistle-blowing complaint revealed a dubious nexus between a third party vendor and an employee of a manufacturing company. The whistle-blower alleged that spurious products were used in the manufacturing process but the purchase orders were made for branded products. An investigation was conducted which proved that such unethical practices were … More Decrypting the peculiarities of procurement frauds
The state of Competition Law in India is still at a relatively nascent stage. However, the Competition Commission of India (CCI) in just five years has undertaken a slew of steps to curb organizations from violating competition laws but at the same time stimulate business growth. To quote Arun Jaitley, Minister of Corporate Affairs, “Mergers … More Striking a competitive balance
The entrepreneurial ecosystem in India is flourishing like never before. Innovative ideas, consumer acceptability and diversity in sunrise sectors are boosting growth. Private equity/ venture capital (PE/ VC) players too are battling to seize the chance, support promising ventures to build a robust portfolio and garner high return on investment. But any path to success … More PEs in India – Is it time to reinvent the investment wheel?