Newsflash: Digital Personal Data Protection Bill, 2022
The Ministry of Electronics and Information Technology released the much-awaited draft Digital Personal Data Protection Bill, 2022 (“Draft Bill”) on 18 November 2022, which is a more concise draft legislation than its previous versions. Following are the key takeaways from the Draft Bill:
Liberalized Rules for Overseas Investment by Indian Entities: Laying the “Round Tripping” Ghost to Rest (or not just yet)
On August 22, 2022, the Ministry of Finance and Reserve Bank of India (the “RBI”) introduced a new overseas investment regime comprising of Foreign Exchange Management (Overseas Investment) Rules, 2022 (the “OI Rules”), Foreign Exchange Management (Overseas Investment) Regulations, 2022 (the “OI Regulations”) and Foreign Exchange Management (Overseas Investment) Directions, 2022 (the “OI Directions”) (collectively, …
Buying a resale flat? Don’t let the society rip you off on transfer charges
The amount they can charge is capped in many cities; you can go legal to avoid payment or even recover your money paid under pressure.
Unfair Prejudice in Shareholder Disputes
In many companies the commercial disruption and anxieties experienced over the past two or three years have, in some cases, amplified the tensions between minority and majority shareholders, leading to boardroom disputes based on unfair prejudice.
Escape the Economic Crisis in the UK by retiring to Spain
Retirement years should be relaxing, enjoyable and free from anxiety. A reward for all the years of toil. The impact of Brexit, Covid, the conflict in Eastern Europe and finally the budget bungled by the previous Prime Minister has resulted in a considerable number of over 65s in the United Kingdom facing, for the foreseeable …
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MAJOR CHANGES INTRODUCED WITH THE LAW NO. 7418 ON THE AMENDMENT OF THE PRESS LAW AND OTHER CERTAIN LAWS PUBLISHED IN THE OFFICIAL GAZETTE DATED 18.10.2022 AND NUMBERED 31987
The Law No. 7418 on the Amendment of the Press Law and Other Certain Laws (“Law”) entered into force after being published in the Official Gazette dated 18.10.2022 and numbered 31987. With this amendment, various modifications were made in several laws, particularly the Press Law No. 5187 (“Press Law”) and the Law No. 5651 on …
REGULATORY FRAMEWORK OF ALTERNATIVE INVESTMENT FUND (AIF) IN INDIA
A few years ago, the only way to accumulate financial assets in India was to invest in conventional investment categories like equities, bonds, real estate, FDs, etc. With a growing population of high-net-worth individuals in the nation, there is a rising need for unorthodox investment possibilities.
The Impact, Consequences and Potential Consequences of the implosion of FTX
Despite the crypto sectors reputation of volatility, the collapse of the crypto exchange FTX has shocked its own investors, the financial sector in general and most importantly its customers.
Overview on Digital Assets Regulations in SEA
The digital assets wave has swept across South-East Asia (SEA). From Axie Infinity (a popular play-to-earn blockchain game) in the Philippines to Cambodia’s Project Bakong (a central bank digital currency), the adoption of digital assets in SEA has been rapid. Digital assets investments in SEA is expected to further increase. This demand for digital assets …
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Starboard: Draft Convention on the effect of judicial sales of vessels approved by UNCITRAL
The United Nations Commission on International Trade Law (UNCITRAL) approved on 30 June 2022 a draft convention (the Draft Convention) on the effects of judicial sales. The Draft Convention will now be put to the United Nations General Assembly to consider signature. The Draft Convention originated from a long-standing project of the Comité Maritime International …