Asia: Accounting and Audit

Seller rollover is a familiar feature of private equity deals. In a typical US sponsor-led acquisition, the seller takes most of the price in cash and reinvests the balance in the post-acquisition business. The seller keeps exposure to future upside, and the sponsor keeps continuing shareholders aligned with the new owners.

Compulsorily Convertible Preference Shares (“CCPS”) are frequently used by companies to raise capital. Whether a mere accounting reclassification of CCPS from borrowings to share capital and securities premium as mandated under Indian Accounting Standards (‘Ind-AS’)— without receipt of any fresh consideration—can trigger taxation under section 56(2)(viib) of the Income-tax Act, 1961 (“the Act”)?

In the September edition of our monthly newsletter “Legalaxy”, our team analyses some of the key developments in securities market, banking and finance, labour, foreign investment and maritime

On 5 October 2026, the Ministry of Electronics and Information Technology (“MeitY”) made the Digital Personal Data Protection (Removal of Difficulties) Order, 2026 (the “Order”) under section 43(1) of the Digital Personal Data Protection Act, 2023 (the “DPDP Act”) .

The Ministry of Electronics and Information Technology (“MeitY”) has issued the Digital Personal Data Protection (Removal of Difficulties) Order, 2026 (“Order”) under Section 43(1) of the Digital Personal Data Protection Act, 2023 (“DPDP Act”).

Hong Kong Inland Revenue Department (IRD) enquiry letters are typically sent to owners of Hong Kong offshore limited companies following the submission of a Profits Tax Return to notify them that the IRD has chosen to formally investigate their tax affairs

Queensland's statutory interest rates for unpaid debts vary by judgment type and period, with default judgment rates currently at 8.35% per annum and judgment-debt rates at 10.35% per annum for July-December 2026.

Creditors seeking to recover unpaid debts in Queensland courts must navigate a complex evidentiary landscape that extends far beyond simply presenting an invoice. This article examines the specific documentation required to establish each element of a debt claim, from proving the identity of the debtor and the terms of payment to demonstrating what was supplied and calculating the outstanding balance with proper credits applied.

Narrowing options are what turn an ordinary cash-timing gap into a forced equity surrender. The same tools that could close it early become unavailable, one by one, the longer a company waits. This piece traces that sequence through an Indian alcbev company whose 2026 settlement, covering thousands of crores across lenders, suppliers and statutory authorities, cost the founding family a 17.8% equity stake. The pressure had been building for years before formal negotiations began.

As disputes increasingly rely on vast datasets, expert witnesses face mounting pressure to defend not just their conclusions, but the data foundations beneath them. When courts scrutinize data extraction, transformation, and reliability with the same rigor as expert reasoning, can traditional forensic approaches still withstand challenge?

You receive an urgent email from the CEO requesting a payment be processed before the end of the day. The email looks genuine, the writing style appears familiar, the address is correct and relevant supporting documentation is attached.

Trust accounts hold significant funds on behalf of clients across legal, real estate, and strata management sectors, yet weak controls and high transaction volumes create...