News

Navigating market volatility in public contracts can be a financial minefield. In Nepal, the Public procurement laws provide a specific legal framework for price adjustments due to inflation and rising material costs. Understanding these “express terms” is vital for contractors to protect their margins and ensure project viability in an unpredictable...

A variation  refers to any authorised change to the scope, quantity, design, specifications, or method of execution of works originally agreed under a construction contract. Such changes may involve additional or reduced work, or a modification in the nature or sequence of performance. The variation process is not new in construction industry and is adequately dealt...

Executive Summary Nepal Rastra Bank (NRB) has issued the Fifth Amendment to the Foreign Loan and Investment Management Bylaws, 2078 (2021) for on 30 December 2025 (though NRB Board decision was done on December 11, 2025). The amendment reflects a regulatory shift from approval-centric controls to post-transaction supervision. It simplifies foreign equity inflows,...

In the case of Perefetti Van Melle S.P.A. vs. Perfect Foods Private Limited, decided on August 6, 2024 (2081/04/22 B.S.) but full judgment of which was released only a few days back, the division bench of the Supreme Court of Nepal decided on several questions regarding the protection of trademarks in Nepal. The case concerned the similarities in trademark between...

IntroductionNepal’s foreign investment framework recognises technology transfer as a legitimate and encouraged mode of foreign participation. The Foreign Investment and Technology Transfer Act, 2019 (“FITTA“) guarantees the repatriation of royalties, technical fees, and earnings arising from approved technology transfer arrangements. The difficulty,...

The Government of Nepal has formally terminated the Double Taxation Avoidance Agreement (“DTAA”) signed with the Republic of Mauritius on 3 August 1999. The Inland Revenue Department (“IRD”) announced the decision through a press release issued on 24 Mangsir 2082 (9 December 2025). The termination will take effect from 1 Shrawan 2083 (17 July...

This Q and A guide provides a comprehensive explanation of the Special Deregistration procedure introduced by the Office of Company Registrar (“OCR”) through the Directive Relating to Special Deregistration, 2025 (“Directive”), issued under Section 136(A) of the Companies Act 2063 (“Companies Act”). It covers eligibility, filing requirements, procedural...

 On 12 November 2025 (26 Kartik 2082), the Government of Nepal issued its first formal notification under Section 3(4) of the Income Tax Act 2002 (‘ITA 2002’) to seven countries with which Nepal has pre-2002 Double Taxation Avoidance Agreements (“DTAAs”). The notification, transmitted through the Ministry of Foreign Affairs on behalf of the Inland Revenue...

Q1: What is the new law all about?  The Government of Nepal had amended the Land Revenue Act, 2034 (“Revenue Act“), which requires that any person, firm, or company obtain a license from the Department of Land Management and Records (“Department“) before engaging in any land or real estate transaction exceeding NPR 30 million (Rs. 3 crore) in...

On 1 January 2025, SIAC implemented the Singapore International Arbitration Centre Rules 2025 (“SIAC Rules”), introducing a major enhancement to its emergency arbitration framework. The most notable innovation is the Protective Preliminary Order (“PPO”), which empowers an Emergency Arbitrator (“EA”) to issue a short-term order on an ex parte basis before notifying...