The US Foreign Investment Risk Review Modernization Act, 2018 (FIRRMA) became effective on August 13, 2018 with further new proposed rules published on September 24, 2019 (the “Proposed Rules”).
Continue Reading US Investment Review of India Related Venture Capital Deals
China – India Silicon Road: The New Trade Route (Silk Route 2.0) Runs Through the Technology Sector
China is India’s Largest Trading Partner:
China and India have been trading goods for centuries including along the historical “Silk Route”. According to Government of India statistics, China – India bilateral trade reached an all time high in 2018 to reach US$85 billion. The two countries have set a target of US$100 billion in bilateral trade.
B&R: New Opportunity for Solar PV Investments in India
By Xiong Jin, Jin Yi and Hu Haipan King & Wood Mallesons’ Corporate & Securities group
Background: Development of Renewable Energy
In India, coal still provides the lion’s share (up to 60%) of national energy production. As the world’s largest coal consumer and the third largest producer, India is faced with a great challenge in adjusting its energy structure.
India began to realize the importance of renewable energy during the 1970s. The Ministry of New and Renewable Energy (MNRE) has vigorously promoted the industry’s development. According to the Intended Nationally Determined Contribution, India is committed to promoting the long-term sustainable development of clean energy. It aims to increase the use of non-fossil fuel for power generation to 40% by 2030.
Continue Reading B&R: New Opportunity for Solar PV Investments in India
Investment Treaty Arbitration India
By Tim Taylor QC King & Wood Mallesons’ Dubai Office
I
n March 2015 the Government of India issued its draft model text for the Indian Bilateral Investment Treaty (the “Draft BIT”) for public comment. Following various amendments, on 28 December 2015, the revised, and final, version of the model BIT (the “