PERSONS ACTING IN CONCERT – CONCEPT, IMPLICATIONS AND JURISPRUDENCE
The concept of “persons acting in concert” (“PAC”) is a core concept under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (“SEBI Takeover Code”) and has over time also been subject matter of various disputes arising out of interpreting the term.
Greenwashing: Who polices net zero claims?
Net-zero has become the modern buzzword for sustainability and corporate social responsibility. As global awareness and demand for sustainable products and services accelerate, businesses eager to capitalise on this trend might run the risk of making false or misleading claims about the climate impact of their products or services, in what is commonly coined as …
Continue reading “Greenwashing: Who polices net zero claims?”
Misdelivery: Are BLs good security anymore?
BLs have formed an integral part of the trade finance structure. They are often a fundamental security for banks to receive because they give the lawful holder the right of possession to the cargo, and failing that, the right to bring a misdelivery claim against the shipowner that issues the BL. But international trade involves …
Continue reading “Misdelivery: Are BLs good security anymore?”
Restructuring in Singapore: Key Q&As for Trade & Finance Creditors
Market volatility in international trade and commodities invariably results in trade defaults. As a hub for international trading companies, Singapore has seen its fair share of insolvencies and restructuring in the past few years as a section of traders felt the effects of the pandemic,
Korea – Passage of the Act on the Protection of the Virtual Asset Users at the Plenary Session of the National Assembly
The Act on the Protection of the Virtual Asset Users (the Virtual Asset Act) which is designed to facilitate and strengthen the protection of the virtual asset users and set in place certain restrictions on unfair trade practices in the virtual asset market,
HOW DO AUTHORS REGISTER THE COPYRIGHT OF THEIR WORKS?
In every facet of life, copyright protection prevails. Whether it’s a writer’s literary masterpiece, a musician’s composition, an artist’s painting, or a photographer’s captured moments, these creations fall under the umbrella of copyright.
New EC Proposal for a Directive harmonizing certain aspects of insolvency law
In December 2022, the European Commission presented a draft Proposal for a Directive of the European Parliament and of the Council harmonising certain aspects of insolvency law , opening discussions on some of the potential changes into national laws, together with the remarks and positions towards the Proposal.
Insolvency Reform
Following the introduction of Directive (EU) 2019/1023 on preventive restructuring frameworks, on the discharge of debt and disqualifications,
Significant Tax Law Amendments Entered into Force under Law no 7456
Summary: With Law no. 7456 published on the Official Gazette dated 15/7/2023, significant amendments were made to Corporate Tax, Value Added Tax and Special Consumption Tax laws. The Law entered into force as of July 15th 2023.
Better Accountability and Governance through the Digital India Bill
The eagerly anticipated first draft of the Digital India Bill was to be released in early June. While there is no draft bill in sight, recent developments such as the CoWIN data breach, or allegations of undue pressure by the Indian government to block Twitter accounts have emphasized the need for better regulations.