Insolvency & Restructuring: Monthly Update June 2020
Contributions by: Abhirup Dasgupta Partner Pratik Ghose Partner Ramya Hariharan Partner Maaz Hashmi Senior Associate Avishek Roy Associate Asmita Rakhecha Associate Dipti Srivastava Associate Ishaan Duggal Associate Union Cabinet clears proposal for suspension of Sections 7, 9 and 10 of the IBC
Dispute Resolution and Arbitration Update June 2020
Contributors Faranaaz Kharbhari Counsel Kshitiz Khera Associate Partner Rahul P Jain Associate Counsel Maaz Hashmi Senior Associate Ishwar Ahuja Senior Associate Khusboo Rupani Associate Mahafrin Mehta Associate Jutishna Saikia Associate Recent judgements
Independence of Resolution Professionals
Authored by Abhirup Dasgupta, Partner and Ishaan Duggal, Associate The framework for bankruptcy and insolvency resolution in India is guided by the Insolvency and Bankruptcy Code, 2016 (IBC), which governs the provisions pertaining to the re-organization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner.
Bringing Music to Everyone’s Ears
Authored by Vanditta Malhotra Hegde, Managing Partner – Singh&Singh | Malhotra&Hegde As we endure the Covid-19 pandemic and wonder when this will end, the disputes between music labels and music platforms, like radio and internet, don’t seem to have an end in sight. The radio industry hascompulsory licence (CL) for music usage, and the Copyright Board order …
Tug Varahi
The Madras High Court on Saturday (June 13, 2020) ordered an arrest of a vessel, Tug Varahi, berthed at Adani Port, Kattupalli. The warrant of arrest was served on the vessel in the wee hours of Sunday (June 14, 2020), 1:30 am to be precise in the midst of the prevalent lockdown due to the pandemic. …
Business Rehabilitation in Thailand: What Every Thai and Foreign Creditor Needs to Know
This newsletter, which is the first in the series on business rehabilitation in Thailand, takes readers through the anatomy of a typical business rehabilitation proceeding under the Bankruptcy Act and highlights a number of the key preliminary issues that both Thai and foreign creditors should be aware of during each stage of the business rehabilitation …
Corporate reorganization in Ukraine: consolidations and liquidations
The global financial crisis and the COVID-19 pandemic are impacting businesses all over the world so badly that many operations have stopped, exports have fallen and imports are being replaced by domestic consumption, and international corporations had to put on hold any expansion plans and their forays into other markets. In such an unprecedented situation, businesses …
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Cannabis – Licence to import, develop and cultivate
The Danish medicinal cannabis pilot programme runs until 31 December 2021. The programme entails that licences can be issued for the import of cannabis for Danish patients, and companies may apply for a license to cultivate, produce and distribute medicinal cannabis in Denmark. In parallel to the pilot programme, a development scheme has been introduced …
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The Creation of Cell Companies by Companies carrying on or engaged in Shipping or Aviation Business
By virtue of Legal Notice 248 of 2020, new regulations were issued under the Companies Act entitled Companies Act (Shipping and Aviation Cell Companies) Regulations (the “Regulations”). These Regulations were introduced to complement the recently introduced enabling provision under article 84E of the Companies Act (Chapter 386 of the Laws of Malta) (the “Companies Act”). …
Insurability of corporate fines: new draft law’s implications for insurance industry
While in many other countries, such as the United States and France, corporate penalties have long been common practice, in Germany only natural persons have traditionally been subject to criminal law. However, on 22 August 2019 the Federal Ministry of Justice and Consumer Protection presented its draft bill for a new and independent law on …