In a world where science and technology evolve at an exponential pace, it is essential that the institutional systems that support the evolution of these industries also keep up with the pace. But the Indian patenting system has been often criticized over the years for its slow and long drawn out processing time. This processing pace naturally affects the quality and quantity of applications as well, and it is possible that foreign innovators or entities may be losing interest in filing for patents in India for this reason.
The Reserve Bank of India (“RBI”) has released a discussion paper on ‘Guidelines for Payment Gateways and Payment Aggregators’ for public comment (“Discussion Paper”). The Discussion Paper envisages payment gateways such as Paytm, Mobikwik, Bharat Bill Pay, PayUmoney etc. having to adhere to RBI guidelines. The Discussion Paper highlights the RBI’s concern for safeguarding the online experience of consumers while making payments and the role of intermediaries in conducting such transactions.
Observing that "the race between technology and the law could be termed as a hare and tortoise race - as technology gallops, the law tries to keep pace", the Delhi High Court on October 23, 2019 ruled that Indian courts can issue global takedown orders to platforms such as Facebook, Google and Twitter for illegal content uploaded by users. The Court also held that the provisions of the Information Technology Act, 2000 ("IT Act") had to be interpreted in a manner so as to ensure that judicial orders were effective and "not toothless".
In one of its recent judgements, Ambalal Sarabhai Enterprises Limited versus K.S. Infrasapce LLP and Other, the Supreme Court has pronounced that for an immovable property to fall under the scope of the Commercial Courts Act, 2015 ("CC Act"), such immovable property must be "used exclusively" or must be considered as "being used exclusively" in trade or commerce.
All Startups start with an idea. An idea that solves an existing problem in a unique way. If your idea is truly unique, you could potentially be the owner of your intellectual Property (IP). This could be done by filing for a combination of patents, copyrights, and trademarks (IP) with respect to your idea.
India opened up its economy in 1991 and has since considerably eased foreign direct investment (FDI) norms across various sectors of the economy, with a viewpoint of liberalizing the FDI regime in the country. Fast forward to 2019 and the current government, in order to further boost the economy and FDI inflows, has approved certain amendments to the existing FDI policy ("FDI Policy") of the country.
Akanksha Dua has been pro...
It has been well established that proceedings under Section 34 of the Arbitration and Conciliation Act, 1996 (“the Act”) are summary in nature.The scope of enquiry in any proceedings under Section 34 of the Act has been restricted to consider whether any of the grounds mentioned in Section 34(2) or Section 13(5) or Section 16(6) are made out to set aside the award, the grounds for which are specific.
On 11th October 2019, Obh...
The Delhi High Court recently adjudicated on the issue of whether generic companies can export patented products for experimental purpose, in an expansive interpretation of Section 107A of the Indian Patents Act, 1970 (the ‘Act’). Section 107A, which relates to what is referred to as ‘the Bolar Provision’, was introduced via the Patents Act (Second Amendment) Bill, 1999. The provision sought to ensure the prompt availability of patented products, particularly generic drugs, immediately after the expiry of the patent term.