The Growing use of Blockchain in the Law and Commerce
The new development in connection with the service of legal documents arising from Giambrone & Partners landmark High Court case D’Aloia v. Persons Unknown changes the face of future litigation in contentious cyber disputes.
Need for improving pharmaceutical laws – the proposed way forward
With the rising need to accommodate the new requirements and adaptation of modern technology in the pharmaceutical sector, the draft of the ‘Drugs, Medical Devices and Cosmetics Bill, 2022’ (the “Bill”) has been released by the Ministry of Health and Family Welfare (MoHFW) on July 8, 2022, which seeks to replace the existing archaic law …
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ANALYZING THE CONUNDRUM VIS-A-VIS NCLT’s POWER TO ADMIT CIRP APPLICATION
INTRODUCTION The Insolvency and Bankruptcy Code, 2016 (‘IBC’) enables financial creditors and operational creditors of a corporate debtor to initiate the corporate insolvency resolution process (‘CIRP’), under Section 7 and Section 9 of the IBC, respectively.
TRANSFER OF COPYRIGHT OVER THE WORK OF AUTHORSHIP AND ‘’SOFTWARE’’ IN EMPLOYMENT RELATIONSHIP
Today, perhaps more than ever before, commercial use of Software is of great value and many Software developers design and develop Software for licensing or sale to end users, or those serving a commercial purpose in an ever-growing market.
Two Types of Agreements for Real Estate Presales: Real Estate Presale Agreement and the Prepaid Residence Sales Agreement
I. Introduction Due to the rapidly growing real estate sector, the lawmaker specifically regulates contractual relationships between the parties in order to prevent any loss of right of any one of the parties. Along with the typical real estate sales agreements, preliminary sales agreements are also needed by the sellers and buyers due to many …
Master Directions on Credit Card and Debit Card – Issuance and Conduct Directions, 2022
INTRODUCTION Reserve Bank of India (“RBI”) issued Master Directions on Credit Card and Debit Card – Issuance and Conduct Directions, 2022 (“Master Directions”)[1] dated April 21, 2022, effective from July 01, 2022 (except a few provisions which will be effective from October 01, 2022). These Master Directions were brought in to regulate the conduct of …
Seven Compliance Check Items Under the Enforcement Decree of the SAPA
Under the Enforcement Decree of the Serious Accidents Punishment Act (the “SAPA”), companies subject to the SAPA must check their compliance status – at least once every six months – with respect to the seven items enumerated below. The SAPA duties are imposed on each company’s “responsible management personnel” (the “RMP”) as defined by the …
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Regulatory and Legislative Trends Regarding Restructurings of Listed Companies
In response to the concerns raised by various stakeholders, the National Assembly and the government have been preparing legislation and policies that would protect the rights and interests of minority shareholders pertaining to restructurings of listed companies and strengthen relevant procedural requirements.
New Administration’s National Agenda on ICT and Fintech Industries
In this article, we introduce the goals and tasks of the Presidential Transition Committee relating to digital finance, digital economy, and the media, prior to the inauguration of the 20th administration in May 2022.
New Administration’s National Agenda on Insurance Industry and the Financial Authorities’ 2022 Business Plan
The presidential term of President Yoon Suk-yeol began on May 10, 2022. On May 3, 2022, prior to the start of Yoon’s administration, the Presidential Transition Committee announced 110 national agenda items (the “National Agenda”). President Yoon aims to minimize government intervention through multifaceted regulatory reforms—such as reforming the president’s direct oversight over “Regulatory Innovation …