Author: Archana Balasubramanian In an increasingly protectionist global environment, Indian exporters must recalibrate their contractual frameworks to withstand trade volatility. With the United States implementing fresh tariff hikes on Indian goods, including textiles, gems, and leather, the risk of geopolitical disruption has moved from theory to present-day exposure. The current tariff escalation represents more than... Continue Reading →
Strategic Litigation in Regulatory Transition: A Framework for Dispute Survivability Assessment
Author: Nitin Jain The divergent responses of gaming platform founders to recent policy developments highlight an important truth: legal challenges are not always about who is right, but about whether the fight is worth it. This principle extends far beyond gaming into every sector experiencing regulatory flux. When faced with adverse government action, business founders... Continue Reading →
Anchor Bets, Exit Jitters: What FPI Signals Mean for Pre-IPO Deal Structuring
Author: Archana Balasubramanian Foreign Portfolio Investors (FPIs) appear to be sending mixed signals to Indian markets: while secondary market withdrawals crossed INR 25,000 crore recently, anchor investment in IPOs has risen sharply, with over INR 26,000 crore deployed in recent months. This apparent contradiction reveals a sophisticated investment strategy that transcends simple market sentiment. FPIs... Continue Reading →
Long-Lag Compliance and Diligence: A Conversation with Archana Balasubramanian
BACKGROUND Recently the Enforcement Directorate (ED) has issued show-cause notices totalling INR 1,654 crore to Myntra Designs Pvt Ltd and its affiliate Vector E-Commerce Pvt Ltd. The investigation focuses on structuring decisions dating back to 2010, when the company, then an early-stage, foreign-funded online apparel platform, created multiple group entities so that a marketplace front-end... Continue Reading →
What the Myntra ED Probe Says About Long-Lag Regulatory Investigations
BY NITIN JAIN It's not often that a regulatory case opens a 10+ year window into past compliance decisions. But that's what the Enforcement Directorate's INR 1,654 crore FEMA case against Myntra is doing. The alleged violations (from 2010–2015) involve multi-brand retail structuring using affiliate sellers. The ED claims that Vector E-Commerce, an entity related... Continue Reading →
Can Global Wallets Be Legally Interoperable Before They Become Technically Interoperable?
Last month, the CEO of PayPal made headlines with a bold statement: imagine a world where your Indian UPI wallet could seamlessly buy a product in Brazil or send money to a friend in France. The soundbite was powerful. The headlines called it "UPI goes global." But the real question is: Can global wallets be... Continue Reading →

