MNCs approach tax dept, seek revision of agreements due to Covid-19

Divakar Vijayasarathy, founder and managing partner, DVS Advisors LLP, said that documentation may be tough in the current volatile environment. “In many cases, we are seeing multiple changes to business models virtually on a month-on-month basis, making the case for documentation complex and fluid. Many agreements are waiting to fructify on the way forward before revising for a meaningful outcome and application.”