UPDATE ON WITHDRAWAL OF THE PERSONAL DATA PROTECTION BILL, 2019 Background As of today, India does not have a comprehensive, stand-alone legislation that addresses data protection in the country unlike the European Union GDPR. It is mainly governed by the Information Technology Act of 2000 and Information Technology (Reasonable Security Practices and Procedures and Sensitive Personal Data or Information) Rules, 2011 along with sectoral regulations that address protection of data collected by them in their respective sectors, such as Reserve Bank of India, Insurance Regulatory and Development Authority of India, Securities and Exchange Board of India, etc. However, the Personal Data Protection Bill (‘PDP Bill’) was designed by a subcommittee appointed under the chairmanship of Justice Sri Krishna in 2018 to address the lack of a stand-alone data protection legislation. It was approved in December 2019 and was sent to be reviewed by the Joint Parliamentary Committee (‘JPC’). The
CAM and SAM claim the No.2 & No.3 slots AZB & Partners (AZB) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions by value and volume for H1 2022. AZB advised 49 M&A deals worth $24.46 Billion. They were followed by Cyril Amarchand Mangaldas (CAM) ($22.42 Billion across 43 deals) and Shardul Amarchand Mangaldas (SAM) ($5.8 Billion across 16 deals) in the second and third spots respectively. Khaitan & Co. ($5 Billion across 40 deals) took the fourth spot with Trilegal ($3.6 Billion across 31 deals) completing the top five. Among the larger M&A deals during H1 2022, AZB and CAM advised Adani Group's $10.5 Billion acquisition of Switzerland-based Holcim’s entire stake in the latter’s two Indian cement companies (Ambuja Cements Ltd and ACC Ltd). The duo also advised the $2 Billion funding received by three Adani Group firms from Abu Dhabi-based IHC. AZB, CAM and J Sagar Associates advised the $1.76 Billion acquisition of Via