The Insolvency and Bankruptcy Code, 2016 (Code) was legislated with the intent to resolve the banking crisis that had engulfed the Indian economy. While the Code provides banks and other financial creditors a theoretically faster mechanism to resolve their bad debts, the infrastructural and procedural aspects surrounding the resolution process are leading to delays.
Read MoreDoubtful Receivables in India: The Insolvency Code Solution
Corporate Disputes
May 21, 2019
Veyrah Law advises OLX on its acquisition of Aasaanjobs
General
January 10, 2019
Naspers-funded OLX Group has acquired Aasaanjobs to strengthen its jobs classifieds vertical in India for an undisclosed amount. The deal was completed through a combination of a primary investment and secondary share purchase. Veyrah Law advised OLX, led by partner Ajay Joseph; associates Anshul Pandey and Priyanka Zaveri.
Read MoreStuck in an ‘Assured Return’ real estate scheme? The Insolvency Code could help you
Corporate Disputes
November 27, 2018
The builder community has for long been engaging in an ingenious mechanism of financing construction projects, by offering the public attractive ‘assured return’ schemes as flat / commercial real estate purchases. There are multiple cases of builders having raised large amounts of capital from buyers on the pretext of
Read MoreColonization of the Indian Internet Economy! Are the concerns well-founded?
General Corporate, M&A and VC/PE
August 7, 2018
The acquisition of Flipkart by the Bentonville behemoth Walmart is giving rise to all sorts of doomsday predictions by experts across various industries. Economists, newspaper editors, investors etc., are all predicting the eventual ‘colonization’ of the Indian internet economy by foreign companies. The reasons offered range from …
Read MoreIndemnity in cross-border M&As: Creative structuring is key to deal completion
General Corporate, M&A and VC/PE
June 6, 2018
Indemnity obligations are par for the course in most M&A transactions, domestic or cross border. In India, indemnity obligations are recognized under contract laws and are enforceable in general. However, a cross border indemnity attracts a layer of complexity with exchange control laws coming into play.
Read MoreEquity investors should be mindful of the Insolvency Code!
General Corporate, M&A and VC/PE
May 3, 2018
The Insolvency and Bankruptcy Code (Code) is proving to be a game changer; going by recent cases emanating from the National Company Law Tribunals and appellate forums (NCLT). Early trends seem to suggest that the Code may have a profound impact on the way corporate India deals with its debt arrangements.
Read MoreVeyrah Law recognised as a Rising Star by India Business Law Journal
General
January 2, 2018
We are delighted to inform you that Veyrah Law has been recognised as one of the Rising Stars for 2017 by Vantage Asia‘s India Business Law Journal in its December 2017 Issue. India Business Law Journal’s list of 50 rising stars of India’s legal profession was compiled following an extensive consultation exercise
Read MoreRing-fencing IP in e-commerce investments
General Corporate, M&A and VC/PE
September 12, 2017
The last 2 (two) decades have seen the rise of multiple e-commerce business unicorns from the Indian start-up ecosystem, assisted in no small measure by venture capital from developed markets. While, investor capital may support the practice of deep discounting for some more time, the eventual winners would be the ones that can provide
Read MoreVeyrah Law advises ASDA on Moshe’s stake acquisition
General
August 31, 2017
ASDA Media & Entertainment Private Limited (“ASDA”), an INDASDA Group entity, acquired a significant stake in Moshe’s Fine Foods Private Limited from South Asia Gastronomy (Mauritius) Enterprises LLC, a food and beverage portfolio company and platform of private equity firm, New Silk Route. Moshe’s Fine Foods owns and operates a Mediterranean cuisine-focussed chain
Read MoreFDI in India; LLP or Company?
General Corporate, M&A and VC/PE
July 27, 2017
It has been nearly a decade since the Government of India (GoI) introduced the Limited Liability Partnership Act, 2008 (LLP Act) to facilitate formation of limited liability partnerships (LLP) for various businesses. The LLP was considered an alternative to the limited liability company and envisaged to be used by professionals and smaller businesses.
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