Changes to India’s laws governing Indian multinational corporations since the 1990s have had a significant impact on both the number and structure of cross-border acquisitions by Indian companies. This report discusses the legal reforms implemented by the government to help facilitate overseas...

Corporate law in India has been fundamentally transformed since the early 1990s. In conjunction with significant economic liberalization, the Indian government has introduced a series of corporate law reforms aimed, in part, at creating a system of transparent, ethical, and accountable corporate...

Private Equity (PE) firms have long invested in Western firms using a leveraged buyout (LBO) model, whereby they acquire a company that they can grow with the ultimate goal of either selling it to a strategic buyer or taking it public. Unable to undertake the traditional LBO model in India, PE...

In 2013, India passed historic legislation mandating that boards of publicly listed and certain other large companies must include one woman director. The mandate, which came into effect on April 1, 2015, has the potential to vastly change the profile of Indian boards and board members. This...

This chapter reviews the transformation of merger and acquisition (M&A) transactions in India. Due to globalization and economic liberalization, India has experienced a significant wave of cross-border M&A deals. The explosion of cross-border M&A transactions has affected the makeup of the legal...

Empirical studies of acquisitions consistently find that public company bidders often overpay for targets, imposing significant losses on bidder shareholders. Numerous studies have connected bidder overpayment with managerial agency costs and behavioral biases that reflect management...

The board of directors lies at the core of effective risk management. The board plays a critical role in overseeing and guiding the risk policy of a company, and in ensuring that appropriate systems of control are in place. This Article analyses India’s evolving framework for board oversight...