Articles and Updates

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Russell McVeagh took home a top prize at this year’s Asia Women in Business Law Awards. Despite stiff competition from other leading firms from across the Tasman and from other parts of Asia, the firm was recognised for the “Best Gender Diversity Initiative by a National Firm” at the awards.

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In a boost to the Alternate Investment Funds (AIF) industry, tax authorities have clarified that non-resident investors investing through multi-layered structures would not be covered under the ambit of “indirect transfer” provisions of the income tax law.

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Squeezed by intensifying competition, and facing an increasingly savvy clientele, law firms in India need to raise their game as soon as possible, particularly as the spectre of legal market liberalisation nears. Raj Gunashekar speaks to a cross-section of Indian firms – Luthra & Luthra, which is among the country’s largest; midsized outfit Phoenix Legal; and recent entrant Vertices Partners – to find out how they see the market evolving in the immediate future.

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India’s decision to sign the multilateral convention on tax treaty related measures under the OECD-G20 BEPS project should spell music for several taxpayers faced with economic double taxation or transfer pricing issues.

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‘Digital India’-driven start-ups have been touted as the next driving force for the Indian economy, by the Government of India on several occasions. During the recent demonetization drive, the role of the digital economy for eradication of black money and corruption was frequently stressed upon.