Civil Law

Shameless Plug − CLE Webinar on the Best and Worst Drug/Medical Device and Vaccine Decisions of 2025

As 2025 came to an end, we presented our loyal readers with our annual review of our ten worst decisions of the past year and our ten best decisions of the past year.

Now, in the new year, as we do each year, we’re pleased to announce that four (we hope) of your bloggers – Bexis, Steven Boranian, Stephen McConnell, and Lisa Baird – will be presenting a free 90-minute CLE webinar on “The Good, the Bad and the Ugly: The … Read the rest

Civil Law

Cognizant’s High Court approved scheme of arrangement was held to be a colorable device by Chennai ITAT

Cognizant’s High Court approved scheme of arrangement was held to be a colorable device by Chennai ITAT

The ITAT recently dismissed an appeal and slammed Cognizant India Private Limited (“Cognizant India”) for what it perceived as  using a colorable device to evade taxes during its INR 190 billion share buyback exercise.

Cognizant (Mauritius) Limited (“Cognizant Mauritius”) and Cognizant Technology Solutions Corporations USA (“Cognizant USA”) held around 76% and 22% stake in Cognizant India respectively. The remaining 2% minor shareholding was also held by USA based entities.

In the year 2016, Cognizant … Read the rest