Corporate Law

If the 21st century has been defined by the information age, data then is the new global currency. Clive Humbly, who built Clubcard, the world’s first supermarket loyalty scheme a decade ago, used the metaphor ‘Data is the new Oil’, to explain how data is worthless, when left ‘unrefined’. Much like diamonds, only once it is mined and analysed does it create either extraordinary value, or can be manipulated into a dangerous tool. ......

On November 04, 2020, the President of India promulgated the Arbitration and Conciliation (Amendment) Ordinance, 2020 (“Ordinance”). The Ordinance was promulgated to ensure that all parties get an opportunity to seek unconditional stay of enforcement of arbitral awards where the underlying arbitration agreement or contract or making of the arbitral award are induced by fraud or corruption. ......

The effects of the COVID-19 pandemic on food services and systems worldwide have been unprecedented. No aspect of food systems has been left unaffected, be it in a surge of demand for a specific service or product or new and unexpected challenges in business models and operations. ......

The Foreign Contribution (Regulation) Act, 2010 ("FCRA") was enacted with the mandate of regulating the acceptance and utilisation of foreign contribution and prohibiting acceptance of the same for any activities detrimental to the national interest . The FCRA is primarily utilised to aid the activities of Non-Governmental Organisations (NGOs). ......

On November 09, 2020, the Central Government issued a notification bringing digital/online media platforms under the ambit of the Ministry of Information and Broadcasting ("MIB"). While there exists a legal framework and judicial pronouncements in respect of electronic and print media, there was no equivalent in respect of digital media. ......

The simplicity of the Shakespearean adage ‘A Rose by any other name would smell just as sweet' unfortunately does not apply to the word ‘slump sale. While the corporate world is familiar with this word, its precise, legal definition is still under scrutiny. ......

In 2019 Amazon.com NV Investment Holdings (“Amazon”) had acquired a 49% stake in Future Coupons Limited (“Future Coupon”). As part of the transaction, Amazon was provided a ‘call’ option, which enabled it to exercise the option of acquiring all or part of Future Coupon’s promoter, Future Retail Limited’s (“Future Retail”) shareholding in the company (Future Coupon and Future Retail are hereinafter collectively referred to as the “Future Group”). ......

The Social Security Code, 2020 ("SS Code") has been passed by both houses of the Parliament and received Presidential assent on September 28, 2020. The SS Code has been enacted to amend and consolidate the laws relating to social security with the goal to extend social security to all employees and workers either in the organised or unorganised or any other sectors. ......

The Occupational Safety, Health and Working Conditions Code, 2020 ("OSH Code") received the President's assent on September 28, 2020 along with two other codes, all of which are yet to be notified by the Government. The OSH Code has subsumed several key pieces of legislation on the working conditions of labour and consolidated it into one comprehensive act, including, inter alia, the Contract Labour (Regulation and Abolition) Act, 1970, the Factories Act, 1948, etc. ......