The last few years have seen a decided trend toward nationalist and populist legislation and policies. Cross-border insolvency jurisprudence has not escaped this trend. Recent cases rejecting extraterritorial application of bankruptcy laws and limiting the remedies available to foreign liquidators seem to reflect an extension of this trend to insolvency jurisprudence, though this debate is not a new one.… Continue Reading
The Indian Government has taken the controversial step of demonetarizing all 500 rupee ($7.30) and 1,000 rupee ($14.60) notes in an effort to curb “black money” and the corruption that generates in an insidious and clandestine economy.… Continue Reading
India’s new bankruptcy code is a promising development in a jurisdiction where it is difficult to start a business and a nightmare to shut it down.
I was pleased to read that others are picking up on the excellent work undertaken by Indian Prime Minister Narendra Modi and his government.
Among the legal reforms alluded to in Russell Stamets’ recent post for the FCPA Blog about Mr.… Continue Reading