Focus on India — October 2022

Welcome to the first edition of Focus on India, a round up of Mayer Brown’s perspectives, news and events.

Perspectives

• Asia Tax Bulletin – Summer 2022
  21 July 2022
  The India section covers parliament passing budget proposals, and discusses no beneficial ownerships requirements are needed for capital gains tax exemption.
• Asia Tax Bulletin – Spring 2022
  25 April 2022
  The India section covers the 2022 Budget; Budget and income tax and GST changes for 2022/2023; and Most Favoured Nation clause in India’s Tax Treaties. 
• Green Hydrogen – “Fuel of the Future”
  20 September 2022 (authored by Pallavi Bedi and Ashita Bali from Phoenix Legal) 
  This article was written by Pallavi Bedi and Ashita Bali from Phoenix Legal and discusses India’s National Hydrogen Mission. 

News

• Mayer Brown advises DFC on Tier 2 note issuance by RBL Bank
  27 May 2022
  Mayer Brown acted as US counsel to the United States International Development Finance Corporation (DFC) in connection with the issuance of Basel III compliant unsecured and subordinated Tier 2 Notes aggregating to US$100 million, with a tenor of 117 months by RBL Bank Limited, a private commercial bank in India.
• Mayer Brown partners named to India Business Law Journal's 2022 "International A-List"
  12 May 2022
  Mayer Brown announced that partners David Carpenter (New York) was named to India Business Law Journal’s 2022 “International A-List.” This recognition honors the top 100 India-focused legal professionals who have developed strategies to serve clients in India without having a physical presence on the ground.
• Mayer Brown advises Reliance on acquiring majority stake in New York’s Mandarin Oriental hotel
  10 January 2022
  Mayer Brown represented India-based Reliance Industrial Investments and Holdings Limited of India (Reliance), a wholly-owned subsidiary of Reliance Industries Limited, in the $98.15 million acquisition of Cayman Islands-based Columbus Centre Corporation, which indirectly owns a 73.37 percent stake in New York’s Mandarin Oriental hotel.

Events 

• An Evening with Mr Justice Arjan Sikri
  22 June 2022
  Mayer Brown’s India Practice Group and 4 Pump Court Chambers hosted Mr Justice Arjan Sikri for an evening of drinks and canapés with clients. Mr Sikri, a member of Singapore International Commercial Court, recently retired from India’s supreme court and is currently a member of 4 Pump Court Chambers