INDIA REPORT: Capital Times on D-Street
It’s been a record-setting year for India’s IPO market, and law firms have reaped the benefits, representing issuing companies and lead managers. And the party isn’t expected to end any time soon: Lawyers believe there is a lot more is to come in 2024 despite the upcoming general elections.
OFFSHORE: Safe Harbours
In early 2023, offshore jurisdictions like Jersey, Cayman Islands and British Virgin Islands passed legislation that indicated they were welcoming virtual assets service providers (VASPs). Lawyers share that this will allow VASPs to anchor in the said jurisdictions despite increased regulatory burdens, compliance costs and stringent penalties.
India’s 2024 Budget: Lawyer reactions
India’s Union Finance Minister Nirmala Sitharaman presented the interim Union Budget on Thursday. With elections around the corner, an interim budget is presented to keep essential government operations funded until the newly elected government presents its full budget.
S&R, TT&A advise on $2.5 bln India telecom deal
Indian law firm S&R Associates has guided Data Infrastructure Trust, an infrastructure investment trust (InvIT) sponsored by Brookfield Asset Management, on its 100 percent acquisition of American Tower Corp’s India operations for $2.5 billion. ATC was represented by Talwar Thakore & Associates.