These cases, probably the first amongst a flurry that are yet to come, establish beyond doubt that force majeure is not a blanket concept to be applied uniformly to the situation arising out of Covid–19 and each case will have to be appreciated on its specific facts.
FUND RAISING UNDER COMPANIES ACT, 2013
The nature of instrument to be issued by a company depends to a large extent on the valuation of the company obtained through different mechanisms.
COVID-19 Update: State of Maharashtra
The relaxations issued under the Guidelines have been withdrawn in the Mumbai Metropolitan Region and Pune Metropolitan Region, as a large number of people had commenced commuting due to these relaxations which posed imminent threat of further spread of COVID-19 in these regions.
10 CONSIDERATIONS FOR DRAFTING A ROBUST FORCE MAJEURE CLAUSE
In light of the current global lock-down of unprecedented scale necessitated due to Covid-19, parties have had to revisit their contracts. The clause that has seldom seen such attention is the "force majeure" clause, hiding as a boiler plate provision. Recent publications have widely covered the legal implication and intricacies of how these clauses work.The... Continue Reading →
Covid 19 Update: Revised Consolidated Guidelines and other updates
With the increasing number of novel coronavirus (“COVID-19”) cases in India, the Prime Minister, in his fourth speech post the COVID-19 outbreak in India on 14th April 2020, announced that the nationwide lockdown (which has been in effect from 25th March 2020) imposed to contain the spread of COVID-19 pandemic in India, has been extended... Continue Reading →
Covid – Kurukshetra – Fate of the Industries
The Novel Corona Virus Disease (“COVID-19”) outbreak has taken the world in its clutches. At a time like this the Indian industries are facing an unprecedented situation. The actions and directives of the Government hang the fate of the Indian economy and its businesses on a thin rope. We have analysed the impact of COVID... Continue Reading →
COMMERCIAL LAW BLOG 