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.
We are pleased to announce that India Business Law Journal’s 2020 Indian Law Firm Awards has named Agama Law Associates as a winner in the category of Private Client Practice. We thank our clients for their trust and faith in us.
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The relaxations issued under the Guidelines have been withdrawn in the Mumbai Metropolitan Region and Pune Metropolitan Region, as a large number of people had commenced commuting due to these relaxations which posed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: Maharashtra – Suspension of Rent/ License Fees for 3 Months
It is however clear that the Advisory has been issued for the relief of tenants during the COVID-19 lockdown. Such a blanket suspension of rent without having regard to the complex interrelationships between landlords and tenants gives rise to some issues -
COMMERCIAL LAW BLOG 