CAM, Cleary, Crawford Bayley pour expertise into ₹4,150 crore Pernod Ricard-Tilaknagar Imperial Blue transaction, ETLegalWorld

CAM, Cleary, Crawford Bayley pour expertise into ₹4,150 crore Pernod Ricard-Tilaknagar Imperial Blue transaction, ETLegalWorld

Representative image Cyril Amarchand Mangaldas and international law firm Cleary Gottlieb Steen Hamilton, have advised liquor giant Pernod Ricard India’s on its strategic divestment of its Imperial Blue whisky business to Tilaknagar Industries Limited for INR 4,150 crore (~$480 million), marking India’s largest alcohol sector acquisition in over a decade since Diageo’s $1.9 billion United…

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India-UK DTAA | Consideration For Availing Services That Require Technical Expertise Not FTS Unless Recipient Absorbs Technology: Delhi HC

The Delhi High Court has made it clear that consideration paid for merely availing services that require technical expertise would not qualify as ‘Fees for Technical Service’ under Article 13 of the India-UK DTAA. A division bench of Justices Vibhu Bakhru and Tejas Karia observed that unless the recipient absorbs the technology and exploits it…

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