When a Foreign Judgment Collides with the Arbitral Seat

By Nitin Jain A home-court judgment does not automatically bring an ongoing international arbitration to an end.Host-state courts and courts at the arbitral seat exercise different powers. Treating a local order as binding on the arbitration can lead a company to waive arbitral rights, stop participating before the tribunal or weaken its enforcement position. Companies... Continue Reading →

Operationalizing the DGFT E-Commerce Export Framework: 100% FDI, Sellers-on-Record, and Cross-Border Supply Contracts

By Archana Balasubramanian When a company's commercial contracts diverge from its physical inventory and cash flows, regulatory gridlock is inevitable. Mismatches across banking, customs, and tax filings do not just trigger compliance flags, they choke working capital and halt operations. The Directorate General of Foreign Trade (DGFT) officially notified “Introduction of Inventory-based Cross-border E-Commerce Export... Continue Reading →

The Independent Record: Why Commercial Intent Now Needs an Evidentiary Architecture

By Nitin Jain When the issue first reaches the business At 9:15 a.m., the terminal rejects a routine hedge adjustment. The dealer tries again, calls the clearing member and learns that the account has been placed in blocked or square-off-only mode. Nothing in the previous evening’s treasury report anticipated an interruption. A different version begins... Continue Reading →

The New Buy-Back Playbook: Easing Capital Exits Without the Merchant Banker Safety Net

By Archana Balasubramanian SEBI’s June 19, 2026 board approval reintroduces open-market buybacks through stock exchanges from August 1, 2026, permits completion through a compressed 66-working-day framework, and makes the merchant banker appointment discretionary. This is a significant change from the earlier framework, where appointing a merchant banker was mandatory and much of the execution process... Continue Reading →

Corporate Governance Before IPO: Why “Founder-Led” cannot mean “Founder-Controlled?”

This is Part – VII of the Capital Market article series. Introduction The journey from a privately held, founder-driven enterprise to a publicly listed company is among the most consequential transitions a business will ever undertake. Going public isn’t just about raising capital but a radical reordering of accountability. It forces founders to share ownership... Continue Reading →

IPO Readiness for PE-Backed Companies: Alignment Issues Between Founders and Investors

This is Part – VI of the Capital Markets article series. Introduction The decision to take a private equity–backed company public is among the most consequential events in that company’s lifecycle. It marks the transition from a closely governed, contractually ordered private structure to a publicly accountable company regulated by the Securities and Exchange Board... Continue Reading →

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