Enhanced Due Diligence

Anti Money Laundering Legislation in India - The Price of PayPal’s Non-Compliance

PayPal has been hit by Rs. 96 Lakh penalty by the Financial Intelligence Unit (FIU) for alleged contravention of the anti-money laundering law and accused of 'concealing' suspect financial transactions and abetting "disintegration" of India's financial system.

Enhanced Due DIligence

Suspension of Insolvency Proceedings in India

A three-month extension of the suspension of insolvency proceedings has been issued by the Corporate Affairs Ministry, in furtherance of the Insolvency and Bankruptcy Ordinance, 2020.

Vendor Due Diligence

PUFE TRANSACTIONS UNDER IBC: A GUIDE TO BUYING DISTRESSED ASSETS

PUFE Transactions are covered under sections 43, 45, 66, and 50 of the Insolvency and Bankruptcy Code, 2016. It lists four types of vulnerable transactions, namely Preferential, Undervalued, Fraudulent, and Extortionate.

Enhanced Due DIligence

Decoding the Position of MSMEs under the IBC Regime

MSMEs have to resort to the standard Corporate Insolvency Resolution Process for maximization of value of assets.

Enhanced Due DIligence

FinCEN Files: Financial Crime Compliance & The Need for an Anti-Money-Laundering Whistleblower Program

FinCEN Files are a set of over 2,100 “Suspicious Activity Reports” (SARs) and other documents, filed by banks with the United States Department of the Treasury’s Financial Crime Enforcement Network.

Enhanced Due DIligence

Debt Recovery & Insolvency: Path to Resolution

The Insolvency and Bankruptcy Code, 2016 (IBC) is the umbrella law for insolvencies and reorganizations in India. Although, insolvency proceedings are considered a debt recovery tool. However, it has only been enacted for reorganization and insolvency resolution of the corporate debtor.

Enhanced Due DIligence

Anti Money Laundering Legislation in India - The Price of PayPal’s Non-Compliance

Suspension of Insolvency Proceedings in India

PUFE TRANSACTIONS UNDER IBC: A GUIDE TO BUYING DISTRESSED ASSETS

Decoding the Position of MSMEs under the IBC Regime

FinCEN Files: Financial Crime Compliance & The Need for an Anti-Money-Laundering Whistleblower Program

Debt Recovery & Insolvency: Path to Resolution

IBC Barred By Limitation Or Not?

IBC: A Viable Solution for Mergers & Acquisitions

Due Diligence in Mergers and Acquisitions