Annual Partners Meeting – 6th to 8th of August, 2016, in Lisbon, Portugal

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RiSiKo Consulting LLP is proud to be part of ADAM Global’s Annual Partners Meeting – from 6th to 8th of August, 2016, in Lisbon, Portugal where Leaders & Partners from 65 Countries would be joining to identify areas of collaboration and build relationships with fellow member firms.

Partner firms explore the global environment in context to ever-changing client’s requirements, and how their roles would add value in setting new benchmarks for growth of the network and its member firms.

RiSiKo Consulting LLP is proud gift partner of 5th Annual Global Pharma Regulatory Summit 2016

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The Indian pharmaceutical market size is expected to grow to US$ 100 billion by 2025, driven by increasing consumer spending, rapid urbanisation, and raising healthcare insurance among others.

India exports drugs to over 200 countries due to which pharmaceutical exports clocked a CAGR of 10.3 per cent to US$ 15.5 billion during 2014–15

Failure in international regulatory inspections is continuously tarnishing India’s reputation as a producer of high quality, low cost medicines. Also over the past couple of years the Indian Pharma companies have faced increased scrutiny from the regulators bringing a total of 11 warning letters being issued by the US regulator in 2015.

CPhI is glad to announce its 5th Annual Global Pharma Regulatory Summit which aims at bringing expert regulators across the globe who will share their knowledge on how to comply with regulatory guidelines for manufacturing and export quality drugs.

RiSiKo Consulting LLP has been actively involved in Pharma & Nutra Industry through various Strategic & Turnaround Advisory, RiSk management, Compliance Management, Transaction Structuring Advisory and has experience of working in various Pharma Business Environment existing in India,Dubai,USA,CIS, Europe, GCC,China, Mexico, Africa,SEA Region.

For further details on the events , please click below link :-

5th Annual Global Pharma Regulatory Summit 2016

RiSiKo believes in continuous Compliance,Process & Performance Improvement in Pharma & Nutra industry and has been part of similar events.

Arab Health Summit 2016

CPhI PAT Workshop 2016


PAT Event 2016

To know further about RiSiKo Consulting LLP & its services across globe , please visit out website :-

Adam Global has appointed RiSiKo Consulting LLP as Strategic Partner for India

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Adam Global has appointed RiSiKo Consulting LLP as Strategic Partner for India region. ADAM Global is a leading Corporate Services firm, delivering International Business Solutions and a wide range of comprehensive corporate services assisting companies and entrepreneurs establish and expand their businesses seamlessly across international borders. With operations around the world delivering comprehensive business solutions, Adam Global are the global experts who understand the local needs.

With over a 100 partner and integrated offices across the Americas, Asia Pacific, Europe, Africa and the Middle East, team of expert Advisors, Accountants, Lawyer, and Financial Analysts enable clients across the globe to enhance their enterprise value and operate their business structures, finance vehicles and investment in various geographical locations with a peace of mind.

Risiko is a business consulting and advisory firm, specializing in risk management, turnaround strategies and scaling-up family managed businesses. The company caters to clients across industries and business environments within India, Dubai and USA.

This Strategic Partnership would help to create unique synergy between Lawyers, Accountants, business strategic & financial advisors and would help the clients to increase overall enterprise value and performance.

Adam Global and RiSiKo Consulting LLP are extremely confident in the future of this new venture.

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Major Reform in #Insolvency & Bankruptcy Law in India

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Indian Legal System has made multiple legal avenues (thorough various acts & legal provisions) to handle events of failure of businesses or insolvency or voluntary winding up, which directly & indirectly impacts employees, shareholders, lenders, small & large creditors and the broader economy.

Indian business environment which is always full of conservative old school strategy, backed up by Social & Creditors pressure, on top of that “Overprotective & Overthinking” approach which mostly leads to miscalculation in understanding the business assumption & ground reality, and ultimately results into failure in taking timely business decisions. Thereafter business house which is already not able to perform or sustain, need to go through Social & Creditors pressure under which Promoters Group drag & delay reorganization or debt restructuring or any changes of management, or new business unit or sale of investment etc. which goes on and on for long time with lenders.

Till the time when Insolvency is actually established either it’s too late or matter is stuck into the layers of Indian legal provisions such as Securitisation and Enforcement of Security or SARFAESI Act, Corporate Debt Restructuring, Sick Industrial Companies Act or SICA , Debt Recovery Tribunal or DRT. Due to involvement of multiple level of regulatory authorities at State & Central Level it becomes difficult to get any timely decision from the legal court systems to revive or to support or to actual recover and protect the interest of the parties involved. So it is important in all such cases that there is speedy closure which will help the cases which can be either restructured or sold off with less pain for all involved.

To simplify all the above difficult & tricky situation, Indian Government has decided to form a modern law which can bring speedy efficiency & clarity into the insolvency matter and same will be inspired from International Experiences like USA , UK , Germany and similar countries with efficient legal system to handle insolvency cases.

The US has a Bankruptcy Code that provides for fairly quick liquidation or re-organisation of business with what is popularly known as Chapter 7, with cases being filed in bankruptcy courts; Chapter 11, which deals with reorganisation of businesses; and Chapter 15, on cross-border insolvencies. Individual bankruptcies are dealt with separately. In the UK, once cases are filed for bankruptcies, after 12 months, there is either discharge with part of the assets being used to pay off debts, or, in situations where companies can be turned around, court-appointed administrators handle cases. The German insolvency law is applicable to both individuals and firms, with independent court-appointed insolvency practitioners helping in realising assets or re-organising the business.

RiSiKo has participated in Bankruptcy case filed under Chapter 11 with USA Delaware Bankruptcy Court as Strategic & Financial Advisor and our experiences has been amazing to see the way court proceedings are formulated in timely manners to protect the interest of Unsecured Creditors Committee (UCC), to protect the value of the assets , to reduce or to limit the pain of the person filing bankruptcy.

In India, The Bankruptcy Law Reform Committee (“BLRC” or the “Committee”) was set up by the Department of Economic Affairs, Ministry of Finance, by an office order dated August 22, 2014 to study the “corporate bankruptcy legal framework in India” and submitted a report to the Government for reforming the system. During the course of its deliberations, the Committee decided to divide the project into two parts:

  • to examine the present legal framework for corporate insolvency and suggest immediate reforms, and
  • to develop an ‘Insolvency Code’ for India covering all aspects of personal and business insolvency.



BLRC committee has recently submitted its draft of “The Insolvency & Bankruptcy Bill 2015” (submitted on Feb 2015) along with its recommendation report (submitted on Nov 2015).This new bill has suggested numerous changes into the legal system such as



  • Changes in the Power of Secured & Unsecured Creditors providing incentives for creditors to join the collective insolvency resolution process rather than initiate individual actions
  • Provision of a timeline of 180 days — extendable by 90 days — to deal with applications for resolving cases of insolvency or bankruptcy.
  • During this period, the management of the distressed firm or debtor could be placed in the hands of a resolution professional — a new class of professionals equipped to deal with such cases, who would be supervised by a proposed new regulator.
  • The proposal also envisages them getting into talks to revive firms, and work out a repayment plan.
  • Decisions such as the economic viability of the debtor, will be determined through negotiations between the debtor and creditors – an exercise that will be facilitated by insolvency professionals.
  • Draft Bill also abolishes the institution of the official liquidator, which by all accounts has been a failure in non-viable businesses.
  • A Debt Recovery Tribunal will be the adjudicating authority over both individuals and unlimited liability partnership firms.
  • The National Company Law Tribunal will be the adjudicating authority with jurisdiction over companies with limited liability.
  • The Financial Sector Legislative Reforms Commission (FSLRC) has recommended the creation of a resolution corporation to monitor financial firms, and intervene before they go bust. The aim is to either close firms that can’t be revived, or change their management to protect investors or depositors. 















The law will still need to be approved by Parliament. This is only a starting point for easing exits for debtors in distress, preserving value and providing creditors with greater certainty in outcomes.

Disclaimer – Comments, Views and Opinions herein mentioned are subject to Disclaimer & Privacy Policy of RiSiKo Consulting LLP,India.

#risikollp , #insolvency 


There’s a #retirement savings crisis in the U.S.

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“There’s a #retirement savings crisis in the U.S. How would you address it?”

U.S. average working household has virtually no retirement savings and no planning as well. More than 38 million working-age households (45 percent) do not own any retirement account assets, whether in an employer-sponsored 401(k) type plan or an IRA. Households that do own retirement accounts have significantly higher income and wealth—more than double the income and five times the non-retirement assets—than households that do not own a retirement account.

When all households are included— not just households with retirement accounts—the median retirement account balance is $3,000 for all working-age households and $12,000 for near-retirement households. Two-thirds of working households age 55-64 with at least one earner have retirement savings less than one times their annual income, which is far below what they will need to maintain their standard of living in retirement.

  • Public policy can play a critical role in putting all Americans on a path toward a secure retirement by strengthening Social Security, expanding access to low-cost, high quality retirement plans, and helping low-income workers and families save. Social Security, the primary edifice of retirement income security, could be strengthened to stabilize system financing and enhance benefits for vulnerable populations. Access to workplace retirement plans could be expanded by making it easier for private employers to sponsor DB pensions, while national and state level proposals aim to ensure universal retirement plan coverage. Finally, expanding the Saver’s Credit and making it refundable could help boost the retirement savings of lower-income families. (Extract of NIRS findings)

As per National Institute on Retirement Security (NIRS) research retirement savings are dangerously low, and the U.S. retirement savings deficit is between $6.8 and $14.0 trillion.

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E-commerce Portal & Online Payment Industry- Anti-fraud Checks & Controls are being challenged, and this is just the beginning…..

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E-commerce Portals & Online Payment Industry Players are having boosted spirit with highest & largest Funding and huge volume of transactions for the year 2014 & 2015, but at the same time this Industry’s Players are going through some challenging environment as well.

As the volumes of the online shopping , online transaction & online payment are on the rise , there are frequent “intentional” attacks on the industry which is challenging the preparedness of industry’s in terms of their Internal Controls, IT Security Policy Control, Payment Gateway Security , IT Data Mining Capacity , Anti-Fraud Controls etc. Industry has been put through some really “rough n tough” time during the Peak Season of Sale and shopping festivals.

The two below events are just illustration of the threat which industry is facing and they need to take corrective action by introducing Anti Fraud Controls and by implementing the Early Fraud Detection , Prevention & Mitigation Strategy in place……or else this is just the beginning….

Leading e-commerce portal Flipkart was taken for a ride by a Hyderabad youth, who is said to have duped the company for over Rs 20 lakh. The youth, Veera Swamy, 32, of Vanasthalipuram in the city allegedly duped the company by booking orders and returning the goods upon delivery. Refer Link to read further…

“Payment fraud on the rise in India with E-commerce growth”

Payment service providers like Citrus Pay and PayU claim the low interest rates offered by payment gateways — 1% compared with up to 3% — charged by credit card companies is being taken advantage of by several small traders who set up online stores and withdraw money citing fake transactions. Refer Link to read further…

Note – Comments, Views and Opinions herein mentioned are subject to Disclaimer & Privacy Policy of RiSiKo Consulting LLP,India.