https://www.taxtmi.com/caselaws?id=110072 Control between foreign-incorporated companies is ordinarily determined by the law of incorporation, so the question whether Technip controlled Coflexip fell to be tested under French law; the takeover consequences for an Indian listed company were governed by Indian takeover regulations, and the public policy objection was rejected. Under those regulations, liability depended on proof that the acquirer, alone or acting in concert, acquired or agreed to acquire control of the target company. On the evidence, Technip's share purchase in Coflexip showed a strategic alliance but did not establish de facto control in April 2000 or concerted action aimed at acquiring SEAMEC, so the takeover obligation on that basis was not made out. en-us Wed, 11 May 2005 00:00:00 +0530 Tue, 07 Aug 2018 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110072 Control between foreign-incorporated companies is ordinarily determined by the law of incorporation, so the question whether Technip controlled Coflexip fell to be tested under French law; the takeover consequences for an Indian listed company were governed by Indian takeover regulations, and the public policy objection was rejected. Under those regulations, liability depended on proof that the acquirer, alone or acting in concert, acquired or agreed to acquire control of the target company. On the evidence, Technip's share purchase in Coflexip showed a strategic alliance but did not establish de facto control in April 2000 or concerted action aimed at acquiring SEAMEC, so the takeover obligation on that basis was not made out. Case-Laws Companies Law Wed, 11 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110072