INSIGHTS

Introduction: Related party transactions are ordinary business arrangements with an extraordinary capacity for misuse. A company may buy goods from a promoter-controlled entity, lease office space from a director's partnership firm, or appoint a relative of a key managerial person to a position carrying financial benefit. None of this is automatically suspect. The concern begins when influence distorts judgment and value begins to move on terms that an unrelated party would n

Introduction A cross-border contract is a legally binding agreement that governs business relationships across borders with a primary aim to mitigate risk in the transaction. 1 Such contracts are pertinent for setting intention of both the parties, protecting rights, setting obligations, while minimizing possible disputes between involved parties. It hence serves as a framework to conduct business internationally while maintaining compliance with local laws and regulations, t