A Brief Update on the ASCI’s Guidelines for Advertising of Virtual Digital Assets in India
The Advertising Standards Council of India (“ASCI”), the advertising industry’s self-governing body recently issued ‘Guidelines for the advertising of Virtual Digital Assets and linked services’ (“Guidelines”), a first of their kind in India. The Guidelines came into effect on April 1, 2022 and are applicable to all new advertisements on virtual digital assets released or …
NFTS AND COPYRIGHTS
WHAT IS AN NFT? The term NFT stands for “non-fungible token”. NFTs are essentially digitalised assets which represent underlying works (as defined under section 2(y) of the Copyright Act, 1957 and hereinafter referred to as “Work/s”) such as art, memes, gifs, music and could even include shoes and clothes.
Changes to Quarterly Shareholding Disclosures by Listed Entities in India
On June 30, 2022, the Securities and Exchange Board of India (“SEBI”) issued a circular amending the quarterly shareholding pattern disclosed by listed entities in India (the “2022 Circular”). This amended an earlier SEBI circular dated November 30, 2015 (the “2015 Circular”). The 2022 Circular comes into force with effect from the quarter ending September …
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Intellectual Property in T (h) AT TOO
Once seen only on sailors and convicts, tattoos have found their way into mainstream society and are here to stay. There has been a considerable rise in the number of people who are seen sporting tattoos with themes that range from devotion to a particular rock band to the memory of a deceased loved one. …
WHY IT’S IMPORTANT FOR COMPANIES NOT TO IGNORE INDIA’S ANTI-CORRUPTION AND RELATED LAW
Background Since the advent of globalization, enterprises have started engaging in increasingly complex cross-border transactions. In many cases, such mandates involve dealing, interfacing and obtaining approvals from government entities in foreign countries. So as to ensure transparency and fair play, governments the world over have enacted anti-bribery and anti-corruption legislations, many of which are extraterritorial …
INCLUSIVITY IN THE REALM OF THE CORPORATE: AN ESG PERSPECTIVE FROM THE LGBTQIA+ LENS
A. Background In making sustainable investment decisions, a rational imperative is to comprehend the integration of environmental, social, and governance (ESG) factors into investment mechanisms and decision-making. The elements of ESG, which include, inter alia, the response of corporations to factors like climate change, corporate social responsibility initiatives, employee rights (including LGBTQIA+ rights), health and …
Recent Supreme Court Decision Discusses the Income Characterization of Consideration for Software under the Korea-US Tax Treaty
Lee & Ko Tax Group is pleased to distribute this Tax Alert to our Clients and Friends of an important tax case recently decided by the Supreme Court of Korea (2022du36155, decided on June 16, 2022) involving certain payments for the purchase of software by a Korean subsidiary from its US parent.
What Is the Procedure in Transferring a Property in The UAE?
UAE continues to be one of the most attractive jurisdictions for foreign direct investment. Real estate is a crucial sector towards garnering more investment into UAE. In fact, high value investment in UAE real estate, subject to fulfilling the specified conditions, may also help a non-resident buyer in obtaining a long-term UAE visa.
UAE JUDICIAL SYSTEM EXPLAINED: FEDERAL AND LOCAL LEVEL
Introduction The judicial system of United Arab Emirates operates at two levels. It operates at a federal level and a local level. At the local level, the relevant Emirates have their own court system and judicial departments, whereas the judiciary at the federal level controls the courts and departments across the UAE.
What Are the Procedures of Commercial Civil Litigation in the UAE?
Commercial disputes in the UAE are resolved either through litigation or arbitration. While arbitration is fast growing as an effective alternative dispute resolution mechanism, litigation before the courts remains the primary channel of dispute resolution in the UAE.