Whatsapp
Indian Banks, Finance Groups and Insurers Setting Up in GIFT IFSC: The Home Regulator’s Consent
Almost every discussion of setting up in GIFT IFSC concentrates on IFSCA: which registration, what capital, which permitted activities. For a regulated financial group that is only
Exiting GIFT IFSC: Surrendering IFSCA Registration and Leaving the SEZ
Entry into GIFT IFSC is a single-window process (Article 3). Exit is not. It involves at least two separate authorities, and for a company that wishes to cease to exist altogether,
Enforcing Awards and Foreign Judgments Against a GIFT IFSC Counterparty
Enforcement is where a dispute-resolution clause is finally tested. For parties transacting through GIFT IFSC, the challenge lies in enforcing arbitral awards and court judgments a
Arbitrating With a GIFT IFSC Entity: Seat, “International” Character and the Choice of a Foreign Seat
GIFT IFSC entities frequently enter cross-border contracts containing arbitration clauses. However, an international transaction does not automatically qualify as an international
Insolvency of a GIFT IFSC Entity: Who Is a “Corporate Person”, and What Happens If No One Is
A lender dealing with a company in GIFT IFSC needs to know what happens if the borrower defaults. The obvious answer is the Insolvency and Bankruptcy Code, 2016 (IBC), but it may n
Cross-Border Mergers, Reverse Flips and GIFT IFSC
Indian law generally does not permit a foreign company to directly re-domicile to India. Instead, a foreign entity may merge into a surviving Indian company under Section 234 of th
Companies Act Exemptions for GIFT IFSC Companies, and the Definitional Question They Now Raise
A company incorporated in GIFT IFSC remains an Indian company governed by the Companies Act, 2013. However, the MCA notifications dated 4 January 2017 provide specific exemptions,
Ship Leasing From GIFT IFSC: The IFSCA Framework and the Shipping-Law Layer
Ship leasing in GIFT IFSC is often described as the maritime counterpart of aircraft leasing (Article 41). The regulatory architecture is indeed similar, and deliberately so. But t
Aircraft Leasing Insolvency in India: Repossession Rights and IBC Rules
For aircraft lessors, the real risk lies in recovering an aircraft when an airline defaults. India’s insolvency proceedings between May 2023 and April 2024 exposed the conflict b
Aircraft Leasing From GIFT IFSC: The IFSCA Framework and India’s Cape Town Legislation
Aircraft leasing was the first non-banking business that GIFT IFSC set out to win, and the legal work required to make it possible illustrates how the IFSC framework is built: a Ce
