Focus On India — October 2022

Welcome to the first edition of Focus on India, a round up of Mayer Brown's perspectives, news and events.

Perspectives

• Asia Tax Bulletin - Summer 2022
  21 July 2022
  The India section covers parliament passing budget proposals, and discusses no beneficial ownerships requirements are needed for capital gains tax exemption.
• Asia Tax Bulletin - Spring 2022
  25 April 2022
  The India section covers the 2022 Budget; Budget and income tax and GST changes for 2022/2023; and Most Favoured Nation clause in India's Tax Treaties.
• Green Hydrogen - "Fuel of the Future"
  20 September 2022 (authored by Pallavi Bedi and Ashita Bali from Phoenix Legal)
  This article was written by Pallavi Bedi and Ashita Bali from Phoenix Legal and discusses India's National Hydrogen Mission.

News

• Mayer Brown advises DFC on Tier 2 note issuance by RBL Bank
  27 May 2022
  Mayer Brown acted as US counsel to the United States International Development Finance Corporation (DFC) in connection with the issuance of Basel III compliant unsecured and subordinated Tier 2 Notes aggregating to US$100 million, with a tenor of 117 months by RBL Bank Limited, a private commercial bank in India.
• Mayer Brown partners named to India Business Law Journal's 2022 "International A-List"
  12 May 2022
  Mayer Brown announced that partners David Carpenter (New York) and Soumitro Mukerji (Singapore) were named to India Business Law Journal's 2022 "International A-List." This recognition honors the top 100 India-focused legal professionals who have developed strategies to serve clients in India without having a physical presence on the ground.
• The International A-List: The top India experts at foreign law firms 2022
  26 April 2022
  Banking & Finance partner Soumitro Mukerji (Singapore) named among top India-focused lawyers at international law firms by India Business Law Journal.
• Mayer Brown advises Reliance on acquiring majority stake in New York's Mandarin Oriental hotel
  10 January 2022
  Mayer Brown represented India-based Reliance Industrial Investments and Holdings Limited of India (Reliance), a wholly-owned subsidiary of Reliance Industries Limited, in the $98.15 million acquisition of Cayman Islands-based Columbus Centre Corporation, which indirectly owns a 73.37 percent stake in New York's Mandarin Oriental hotel.

Events

• An Evening with Mr Justice Arjan Sikri
  22 June 2022
  Mayer Brown's India Practice Group and 4 Pump Court Chambers hosted Mr Justice Arjan Sikri for an evening of drinks and canapés with clients. Mr Sikri, a member of Singapore International Commercial Court, recently retired from India's supreme court and is currently a member of 4 Pump Court Chambers

Visit us at mayerbrown.com

Mayer Brown is a global legal services provider comprising legal practices that are separate entities (the "Mayer Brown Practices"). The Mayer Brown Practices are: Mayer Brown LLP and Mayer Brown Europe - Brussels LLP, both limited liability partnerships established in Illinois USA; Mayer Brown International LLP, a limited liability partnership incorporated in England and Wales (authorized and regulated by the Solicitors Regulation Authority and registered in England and Wales number OC 303359); Mayer Brown, a SELAS established in France; Mayer Brown JSM, a Hong Kong partnership and its associated entities in Asia; and Tauil & Chequer Advogados, a Brazilian law partnership with which Mayer Brown is associated. "Mayer Brown" and the Mayer Brown logo are the trademarks of the Mayer Brown Practices in their respective jurisdictions.

© Copyright 2020. The Mayer Brown Practices. All rights reserved.

This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.