June 7, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Delhi High Court Examines the Liability of Non-Signator...
The Delhi High Court has recently pronounced an important judgement on the liability of third party funders in an arbitration in the case of Tomorrow Sales Agency (P) Ltd. v. SBS Holdings, Inc. Third party funding is the process by which a party who is otherwise not connected to the proceedings, funds a dispute in return of a financial gain upon the success of the claim. ......
May 31, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Should a Court Intervene in Matters Relating to Tenders...
The Supreme Court ("SC") recently held that a writ court ordinarily should not interfere in matters relating to tender or contract. It further opined that a writ court should exercise caution when attempting to impose its decision on an employer regarding the acceptance or rejection of a tender bid, unless there is a glaringly obvious and significant issue that is brought to light. ......
May 24, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
New Rule for Overseas Use of International Credit Card
On May 16, 2023, the Ministry of Finance (“MoF”) notified the Foreign Exchange Management (Current Account Transactions) (Amendment) Rules, 2023 (“2023 Amendment”) to omit Rule 7 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000. ......
May 17, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Enforceability of Unstamped Arbitration Agreements: Ano...
Recently, a five-judge bench of the Supreme Court rendered its judgment in N.N. Global Mercantile Private Limited v. Indo Unique Flame Limited ("N.N. Global 2") and has put to rest the question on whether arbitration agreements included in unstamped/ insufficiently stamped instruments are valid and enforceable. ......
May 10, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
GOING TO BAT FOR PERSONALITY RIGHTS
With the development of blockchain technology, artificial intelligence and virtual digital assets, several concerns have been raised regarding the plethora of legal and ethical challenges that are likely to arise from development of these technologies, and how they will interact with the rights of individuals granted under law. ......
May 3, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
The National Medical Devices Policy, 2023 – A Lis...
On April 26, 2023, the Union Cabinet approved the National Medical Devices Policy, 2023 ("Policy"). A press release issued on the same date ("Press Release") detailed the backdrop leading up to this approval and what lies in store for the future. ...
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April 26, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
MCA Establishes the C-PACE to Expedite the Process of V...
The Ministry of Corporate Affairs ("MCA") vide its notification dated March 17, 2023 established the Centre for Processing Accelerated Corporate Exit ("C-PACE") to facilitate and speed up the process of voluntary closure of business of companies by removal of their names from the register of companies. ......
April 19, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
WHO IS A CONSUMER UNDER THE CONSUMER PROTECTION ACT?
Consumer protection laws are designed to safeguard the interests of consumers and ensure that their rights are protected in case of any deficiency in the goods or services provided to them. In India, the Consumer Protection Act, 2019 is a significant legislation that aims to protect the interests of the consumers and to establish an efficient mechanism for the redressal of consumer disputes. ......
April 12, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
A WATERSHED MOMENT FOR ONLINE REAL MONEY GAMING INDUSTR...
In recent years, the online gaming industry has grown significantly, especially in the realm of real money gaming. While the growth of the industry has been impressive, it has also led to an increased need for regulation and guidelines. On January 2, 2023, the Ministry of Electronics and Information Technology. ......