regulatory

Lawyers are adopting a wait-and-see approach to India's newly-established Competition Commission, which was given its executive powers today.

Question marks remain over how the new body will exercise its powers and whether it will be able to do so free from government interference.

Brussels competition partner Jonas Koponen of international firm Linklaters said: "It will be interesting to see what position and approach the Indian Commission will take. One can only hope that it is purely competition-based interests they will look after."