Photo of Karan Khanna

Senior Associate in the Dispute Resolution practice at the Delhi office of Cyril Amarchand Mangaldas. Karan  has a wide range of experience in advising clients in the area of litigation and arbitration. His area of expertise includes commercial, infrastructure and real estate disputes, litigation aspect of insolvency and bankruptcy and disputes relating to the automobile sector and the environment. He can be reached at karan.khanna@cyrilshroff.com.

Scope of summoning Indian nationals for virtual testimonies by Securities and Exchange Commission- Legal limits by local laws and international cooperation framework

Introduction

International law enforcement authorities are increasingly relying on mutual cooperation to obtain evidence or information outside their jurisdictional authority. Conducting joint investigations into prospective securities law violations, spanning countries, is also becoming common practice. This article discusses the scope and powers of the United States Securities and Exchange Commission (“SEC”) to seek/ obtain documents and witness testimonies from an Indian national involved in potential securities law violations abroad, which may have implications in the United States.Continue Reading Scope of summoning Indian nationals for virtual testimonies by Securities and Exchange Commission- Legal limits by local laws and international cooperation framework