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Employment Laws in India: Changes Brought About by the New Labour Codes
Employment Laws in India have traditionally been governed by contract as well as multifarious and fragmented legislations, both at the central and state level. With a view to harmonising and consolidating the various legislations pertaining to employment, social security, wages, industrial disputes and other relevant labour/employment related matters, the Ministry of Labour and Employment ("Ministry") introduced four bills in 2019 to amalgamate 29 central laws related to labour laws. These bills have been codified and enacted. ...
THE START OF AN UNFINISHED STORY
"You become a celebrity, not because of your work or what you do, but because you have no privacy", said Lisa Kudrow. Celebrities across the globe are faced with the daunting task of keeping their personal lives away from public scrutiny. ...
FINALITY OF RESOLUTION PLANS UNDER IBC
In 2016, the Insolvency and Bankruptcy Code (“IBC”) was enacted with the objective to bring the insolvency law in India under a single unified umbrella and to ensure speedy resolution of an entity (“Corporate Debtor”) which has defaulted in payment to its creditors (including the statutory authorities). ...
The Supreme Court on Rules of Contract Interpretation: Parol Evidence Rule
While determining whether a contract created an interest in the premises or in the business, the Supreme Court recently reiterated the parol evidence rule in the case of Mangala Waman Karandikar vs. Prakash Damodar Ranade. ...
SPACs in the Indian context
In recent years, SPACs, or ‘Special Purpose Acquisition Companies’, have snaked their way into the lexicon of every investor worth its salt. SPACs are the shiniest new ‘instrument’ on the block and the numbers lend into the hype; for instance, 2020 witnessed the execution of a record 248 SPACs raising a collective USD 83 billion on NASDAQ , even as the world succumbed to a pandemic. Further, it is estimated that there are now close to 400 SPACs on the market with more than USD 120 Billion on their balance sheets. ...
DELHI HIGH COURT’S PRACTICE DIRECTIONS ON RENEWAL OF BANK GUARANTEES, DURING THE PENDENCY ...
Section 126 of the Indian Contract Act, 1872 , states that guarantee means a contract to perform the promise or discharge the liability of a third person, in case of their default. Bank Guarantee is therefore a guarantee provide by a lending institution, wherein the debt by a debtor is covered by a Bank. ...
Unshackling the Art World: NFTs, Blockchain, and Copyright Ownership-Part II
In the first part of this two-part series, we offered a brief overview of NFTs and their applicability in the art world. This second part discusses the copyright and other related legal implications surrounding NFTs. ...
Ashima Obhan recognized by ALB as one of India’s top TMT / Fintech Lawyers
Ashima Obhan, Senior Part...
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