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22 August 2024 at 16 : 40 PM
Yes, Governance Matters.: Are current Class Action Suit provisions in India sufficient for ESG related disputes?
Read MoreAugust 22, 2024 Are current Class Action Suit provisions in India sufficient for ESG related disputes? Class Actions Suits introduced as a remedy for shareholders, but remains underutilized in India, especially in ESG-related disputes The Indian CAS system draws inspiration from the U.S. but has stricter requirements, making it challenging to initiate and sustain […]
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22 August 2024 at 11 : 06 AM
Article: Navigating The Change in Shareholding and Management Rule for Non-Banking Financial Companies in India: A Practical Perspective
Read MoreAugust 22, 2024 Navigating The Change in Shareholding and Management Rule for Non-Banking Financial Companies in India: A Practical Perspective Under the existing Scale Based Regulations, 2023 applicable to non-banking financial companies in India, changes in shareholding of 26% of more and changes to the management of 30% or more are currently subject to […]
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21 August 2024 at 12 : 58 PM
New Publication: Digital Health in India
Read MoreAugust 21, 2024 Digital Health technology has emerged as a pivotal pillar in the delivery of healthcare. There has been tremendous research and development in the integration of technologies such as robotics, artificial intelligence, blockchain and virtual reality with pharmaceuticals and healthcare. In the absence of a specific Digital Health law, this paper seeks […]
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19 August 2024 at 11 : 09 AM
New Publication: The Indian Pharmaceutical Industry
Read MoreRegulatory, Legal and Tax Overview August 19, 2024 The pharmaceutical industry continues to flourish with numerous developments enabling the industry to grow steadily. The past year has witnessed a proactive role being played by the drug regulator in streamlining the regulatory mechanism as well as taking steps to curb practices that are likely […]
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16 August 2024 at 11 : 21 AM
New Publication: Mediating Commercial Disputes in India
Read MoreAugust 16, 2024 This research paper, developed in collaboration with the Singapore International Mediation Centre and the International Arbitration and Mediation Centre, Hyderabad, explores mediation from both Indian and international perspectives. It reviews the evolution of mediation laws in India leading up to the Mediation Act,2023 detailing its provisions on mediation definitions, procedures, and […]
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13 August 2024 at 11 : 14 AM
Dispute Resolution Hotline: India’s New Criminal Justice System: Turning A Month Old With Baby Steps
Read MoreAugust 13, 2024 INDIA’S NEW CRIMINAL JUSTICE SYSTEM: TURNING A MONTH OLD WITH BABY STEPS This article was first published in bwlegalworld.com (August 06, 2024). It has been a month since the controversially passed new criminal laws have been in force. Faced with the mammoth mandate of replacing criminal laws which are more than […]
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9 August 2024 at 22 : 43 PM
Dispute Resolution Hotline: Wrestling with Justice: Vinesh Phogat’s Appeal to Court of Arbitration for Sport
Read MoreAugust 09, 2024 Wrestling with Justice: Vinesh Phogat’s Appeal to Court of Arbitration for Sport On 7 August 2024, Indian wrestler Vinesh Phogat was disqualified from the women’s 50 kg freestyle final of the 2024 Paris Olympics for exceeding the weight limit by 100 grams. She has appealed her disqualification to the ad-hoc division […]
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5 August 2024 at 16 : 15 PM
Regulatory Hotline: Public Procurement Framework for Make in India – Revised to strengthen domestic manufacturing objectives
Read MoreAugust 05, 2024 PUBLIC PROCUREMENT FRAMEWORK FOR MAKE IN INDIA – REVISED TO STRENGTHEN DOMESTIC MANUFACTURING OBJECTIVES Revision order provides clarity on calculation of local content percentage Imported items to be excluded from local content calculation Clarity provided on contracts for supply of multiple items Relaxation on timeline for submission of local content verification […]
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2 August 2024 at 18 : 51 PM
Investment Funds: Monthly Digest: From VCFs to MVCFs: SEBI’s New Framework Eases Transition and Enhances Flexibility
Read MoreAugust 02, 2024 From VCF to MVCF: SEBI’s New Framework Eases Transition and Enhances Flexibility Migrated Venture Capital Fund introduced as a sub-category under Category I Alternative Investment Funds for Venture Capital Funds seeking to migrate to the AIF framework from the erstwhile VCF Regulations. Minimum disclosures in the PPM mandated; No registration fees; […]
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2 August 2024 at 10 : 21 AM
Yes, Governance Matters.: Term Sheet Tactics: VCs Steering Start-up Governance
Read MoreAugust 02, 2024 Term Sheet Tactics: VC Steering Start-up Governance Term sheets outline the basic terms of investment transactions, setting expectations for governance. VCs now insist on stricter governance rights due to increased start-up competition and governance issues Negotiating a term sheet is a critical step in the investment process, serving as the […]
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1 August 2024 at 17 : 44 PM
Technology Law Analysis: From Click to Brick: Proposal to Expand Payment Aggregator Guidelines for Online and Offline Transactions
Read MoreAugust 01, 2024 From Click to Brick: Proposal to Expand Payment Aggregator Guidelines for Online and Offline Transactions This article was first published in The National Law Review (July 29, 2024). Earlier this year, the Reserve Bank of India (RBI) released draft directions proposing to amend the currently applicable Payment Aggregators guidelines issued on […]
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1 August 2024 at 09 : 26 AM
M&A Lab: Decoding Burman Family’s Hostile Takeover of Religare
Read MoreAugust 01, 2024 DECODING BURMAN FAMILY’S HOSTILE TAKEOVER OF RELIGARE Enter the arena of a rare boardroom clash for control of a non-promoter led listed financial services entity in India. Picture Religare Enterprises Limited (“REL”) caught in the vortex of a takeover saga instigated by the Burman Family. What commenced as a conventional acquisition […]
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26 July 2024 at 18 : 36 PM
Companies Act Series: Should the Beneficial Owner under Section 89 of Companies Act, 2013, be only a natural person?
Read MoreJuly 26, 2024 Should the Beneficial Owner under Section 89 of Companies Act, 2013, be only a natural person? MCA notifies Companies (Management and Administration) Amendment Rules, 2024 to roll out new Web-Form MGT-6. E-form MGT 6 is the return to report the declaration received by the registered and beneficial owner in shares of […]
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25 July 2024 at 16 : 27 PM
Dispute Resolution Hotline: Time to view Arbitration as a Parallel rather than an Alternative Dispute Resolution Mechanism?
Read MoreJuly 25, 2024 TIME TO VIEW ARBITRATION AS A PARALLEL RATHER THAN AN ALTERNATIVE DISPUTE RESOLUTION MECHANISM? Government Guidelines: Recent guidelines discourage routine arbitration in domestic procurement contracts, limiting its default use to disputes below INR 10 crores and mandating careful consideration for higher-value disputes. Role of Arbitration: Despite governmental caution, arbitration appears to […]
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25 July 2024 at 11 : 31 AM
Insolvency and Bankruptcy Hotline: Can a credit contained in an arbitral award be used to initiate corporate insolvency resolution process under India’s Insolvency and Bankruptcy Code, 2016?
Read MoreJuly 25, 2024 CAN A CREDIT CONTAINED IN AN ARBITRAL AWARD BE USED TO INITIATE CORPORATE INSOLVENCY RESOLUTION PROCESS UNDER INDIA’S INSOLVENCY AND BANKRUPTCY CODE, 2016? This article was first published in Insolvency and Restructuring International Vol 18 No. 1 (May 2024). India’s Supreme Court has held that a final judgment or decree from […]
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24 July 2024 at 10 : 27 AM
India Budget Analysis 2024-25
Read MoreFor International Business Community July 24, 2024 UNION BUDGET 2024: PAVING THE WAY FOR DEVELOPED INDIA The Finance Minister, Ms. Nirmala Sitharaman (FM) presented the Union Budget (“Budget”) for financial year (“FY”) 2024-25 on July 23, 2024. This was the first Budget of the newly elected Government. Compared to the last two terms, there was […]
