Corporate and Commercial
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Kerala High Court issues guidelines to anonymize data collected by the State with respect to Covid19
The division bench of Kerala High Court comprising of Hon’ble Mr Justice Devan Ramachandran and Hon’ble Mr Justice T R Ravi passed an interim order on 24 April 2020 in the matter of Balu Gopalakrishnan & Anr. v. State of Kerala & Ors. expressing its reservations particularly towards the terms related to data confidentiality under the contract entered into between the Kerala government and Sprinklr Inc., a foreign data analysis company (hereinafter Sprinklr).
Due diligence during COVID-19: Key risks buyers must assess before signing M&As
Assessing the impact on a target company due to COVID-19, the lung disease caused by the new coronavirus, is one of the critical focus areas of any due diligence as part of a merger and acquisition (M&A) transaction. Even for ongoing transactions, buyers are now looking more closely and re-assessing potentially impacted areas such as the target company’s supply chain, contractual risks and information technology systems.
Incremental Reforms to FDI rules pricing guidelines for rights issue
The Ministry of Finance on 17 October 2019 notified the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 (NDI Rules) in supersession of the Foreign Exchange Management (Transfer of Issue of Security by a Person Resident outside India) Regulations, 2017 and the Foreign Exchange Management (Acquisition and Transfer of Immovable Property in India) Regulations, 2018.