Results for: GIFT City

Mauritius, once India’s second-largest source of capital, is seeking to regain its position by partnering with India’s GIFT City. This collaboration aims to facilitate easier capital movement between the two jurisdictions, attracting Indian investment to Africa and offering services like real estate financing and intellectual property management. Mauritius is also introducing new structures like the Variable Capital Company (VCC) to enhance its attractiveness as an investment holding jurisdiction and compete with Singapore.

An expert panel tasked with drafting rules for an international arbitration centre at GIFT City has recommended significant changes to India’s arbitration and mediation laws, including a shorter time limit for appeals against arbitral awards and the creation of a dedicated high court bench. These changes aim to expedite dispute resolution and attract more foreign investment to India’s first International Financial Services Centre (IFSC).