Invocation of the Pledge by Creditors – A Deep Dive Analysis
The Supreme Court has recently answered the conundrum surrounding the impact of invocation of pledge vis-à-vis the actual discharge of the debt in the matter of PTC India Financial Services Limited (PFS) v. Venkateswarlu Kari and Anr[1]. The said judgment of the Hon’ble Supreme Court affirmatively states that mere registration of the pawn i.e. the …
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TREATMENT OF LEASE RENTALS IN CASE OF A COMPANY UNDER GOING CORPORATE INSOLVENCY RESOLUTION PROCESS – A Catch 22 Situation
A property’s owners have an undisputed right over the property under ownership. Such undisputed right, including the right to use the property more often than not, is leased out to by the Owners against payment of lease rentals. The jurisprudence behind the treatment of the Landlord and the outstanding lease rentals by a Company undergoing …
Revision of PRC Copyright Law and its impact to the IP landscape in China
The Copyright Law of China was first enacted in 1990, and was revised twice in 2001 and 2010, respectively. The third revision of the law, which commenced on 13 July 2011, finally came into place after 10 years of efforts. The revised law was approved by the Standing Committee of National People’s Congress of China …
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Major changes to patent laws in China
On 17 October 2020, the Standing Committee of China’s National People’s Congress passed a new amendment to the Patent Law of the People’s Republic of China (“Patent Law”) which will take effect on 1 June 2021. This amendment will mark only the fourth change since it was first introduced in 1983, as well as the …
The Future of Virtual Assets in Dubai
Introduction: Back in 2021, at “Connect 2021” conference, the Facebook founder Mark Zuckerberg had announced a new era in social media history, via his new project, named, MetaVerse (“Meta” or “MetaVerse”) that is a wide-ranging and interoperable network of 3D virtual worlds, where these worlds are presented in real time, they can be tried simultaneously …
The Big Picture: Goods and Services Tax in 2022 and beyond
Changes in New Zealand’s GST regime will keep taxpayers on their toes in 2022. From addressing impractical rules for GST documentation, to the taxation of cryptocurrencies, a diverse array of areas have been scrutinised and modernised.
The United Kingdom Economic Crime Act
The United Kingdom (UK) Economic Crime (Transparency and Enforcement) Act (the Act”) came into force on 15th March, 2022.
Thailand’s Transfer Pricing Law.
Prior to June 2017, Thailand did not have transfer pricing law. The Revenue Department employed their power to adjust pricing to be at market price based on the provision of Section 65 bis (4) of the Revenue Code. That means the Revenue Department is empowered to adjust the selling price or service fee or interest …
Tech M&A in Thailand Today: The Amalgamation of DTAC and TRUE.
Potential Southeast Asian tech giant formed by the amalgamation of two major Thai telecoms operators.
Postponement of Financial Transaction Tax for Sale of Listed Shares.
In early 2022, the Ministry of Finance revealed that personal income tax on gains derived from the sale of listed shares through the Thai stock exchange may no longer be exempt. Due to certain concerns and negative impacts in the Thai capital market, an implementation of capital gains tax on individual investors is not ready …
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