In this installment of our Crossing Borders series, Leon Gettler speaks to Ashok Lalwani (Baker McKenzie Partner and Chair of India Desk), Jyoti Vij (Deputy Secretary General FICCI and Head of our Economic and Financial sectors), and John Madew (Senior Trade & Investment Commissioner, Australian Trade & Investment Commission) to understand the trade and investment opportunities in the world’s fastest growing economy and the government’s ease of regulations for foreign investment in India. Click here to listen…
For several years, India has had various overlapping laws and adjudicating authorities for dealing with financial distress and insolvency, which has often resulted in multiple proceedings being initiated before different forums in situations of distress. This in turn has resulted in ineffective and delayed recovery or restructuring and placed excessive strain on lenders.