Delhi High Court: Lockdown prima facie in nature of force majeure, interim relief granted

The Delhi High Court (“DHC”) has, in the case of M/s. Halliburton Offshore Services Incorporated v. Vedanta Limited and Others (decided on April 20, 2020) temporarily injuncted Vedanta Limited (“Vedanta”) from encashing bank guarantees issued on behalf of Halliburton Offshore Services (“Halliburton”) as the lockdown due to Covid-19 would prima facie amount to force majeure. […]

Competition News Alert – CCI invites public comments on proposed amendment to the Combination Regulations omitting requirement of furnishing non-compete information

The Competition Commission of India (“Commission / CCI”) has invited public comments on the proposed amendment to the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2020 (“Combination Regulations”). The proposed amendment omits Paragraph 5.7 from FORM I filings which seeks information regarding non-compete restrictions agreed […]