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13 April 2018 at 18 : 24 PM
Technology Law + Regulatory Hotline: Digital Privacy: First Step Towards Data Localization
Read MoreApril 13, 2018 DIGITAL PRIVACY: FIRST STEP TOWARDS DATA LOCALIZATION All payment system data to be only in India. Data of a foreign leg in a transaction can be stored in the foreign country. Applicable to all payment system operators in India, including MNCs operating in India. Six months for payment system operators to comply. […]
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12 April 2018 at 19 : 39 PM
Education Sector Hotline: Can India be the Philosopher’s Stone for UK’s education market?
Read MoreApril 12, 2018 CAN INDIA BE THE PHILOSOPHER’S STONE FOR UK’S EDUCATION MARKET? This article was originally published in the Higher Education Bulletin March 2018 edition of From Oxford to Hogwarts, the UK is undoubtedly home to some of the most iconic schools, colleges and universities in the world. Naturally, it attracts students from across […]
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11 April 2018 at 13 : 03 PM
Nishith Desai Associates : Deal Corner
Read MoreApril 11, 2018 DEAL BRIEF Synopsys, Inc., the world’s 15th largest software company, has acquired a Bangalore based company, Silicon and Beyond Private Limited. Silicon and Beyond Private Limited is a leading provider of a technology known as “high-speed SerDes technology” which is used in data intensive applications such as machine learning, cloud computing, and […]
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11 April 2018 at 13 : 15 PM
Technology Law Analysis: Are we prepared for the driverless future yet?
Read MoreApril 11, 2018 ARE WE PREPARED FOR THE DRIVERLESS FUTURE YET? This article was originally published in the 10th April 2018 edition of In the wake of the Tempe car crash, road-safety advocates have now called for rules around autonomous vehicles to be tightened rather than loosened. An autonomous self-driving Uber vehicle recently failed to avoid […]
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10 April 2018 at 13 : 59 PM
Regulatory Hotline: Fear of virtual currencies
Read MoreApril 10, 2018 FEAR OF VIRTUAL CURRENCIES This article was originally published in the 10th April 2018 edition of The April 6 notification barring financial institutions from dealing in virtual currencies can be termed RBI’s most retrograde step The internet is possibly the greatest enabler of the 21st century. It has shrunk the world around us. […]
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9 April 2018 at 18 : 59 PM
Dispute Resolution Hotline: India: conflict of interest in arbitrator appointment
Read MoreApril 09, 2018 INDIA: CONFLICT OF INTEREST IN ARBITRATOR APPOINTMENT This article was originally published in: International Arbitration Law Review (Int. A.L.R. 2018, 21(1), N1-N3) Legislation: Arbitration and Conciliation Act 1996 (India) s.14, Sch.5, Sch.7 Case: HRD Corp (Marcus Oil and Chemical Division) v Gail (India) Ltd (formerly Gas Authority of India Ltd) unreported 2017 […]
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9 April 2018 at 13 : 14 PM
Nishith Desai Associates : Deal Corner
Read MoreApril 09, 2018 NEXUS INVESTS IN NAMASTE CREDIT DEAL BRIEF Namaste Credit received an investment of approximately USD 3.8 million from Nexus Venture Partners. Namaste Credit operates an online application based technology and data analytics platform that matches small & medium enterprises or individuals looking for financing with prospective lenders. Several leading NBFCs and lenders […]
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6 April 2018 at 19 : 14 PM
Tax Hotline: Tribunal: Sale to 100% step-down subsidiary not “transfer” for capital gains
Read MoreApril 06, 2018 TRIBUNAL: SALE TO 100% STEP-DOWN SUBSIDIARY NOT “TRANSFER” FOR CAPITAL GAINS Sale to indirect subsidiary also covered under section 47(iv) of the Income-tax Act, 1961 Meaning of the term ‘subsidiary company’ to be understood with reference to the Companies Act Recently, in Emami Infrastructure Limited v. ITO,1 the Kolkata bench of the Income Tax […]
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6 April 2018 at 18 : 12 PM
Introduction – Nishith Desai and Corpository (Apr 03, 2018)
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6 April 2018 at 18 : 42 PM
CE By Pharma Team (Mar 26, 2018)
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4 April 2018 at 18 : 31 PM
Dispute Resolution Hotline: Arbitration Council: The birth of a new regulator?
Read MoreApril 04, 2018 ARBITRATION COUNCIL: THE BIRTH OF A NEW REGULATOR? This article was originally published in the 04th April 2018 edition of The Supreme Court passed judgments overruling its previous positions, and the government made changes to the law, bringing in much-needed air of freshness in an otherwise stale and abused law. Regulation is usually […]
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3 April 2018 at 18 : 37 PM
Dispute Resolution Hotline: India-no statutory appeal if party fails to resist enforcement of a foreign award (Kandla v OCI Corporation)
Read MoreApril 03, 2018 INDIA—NO STATUTORY APPEAL IF PARTY FAILS TO RESIST ENFORCEMENT OF A FOREIGN AWARD (KANDLA V OCI CORPORATION) This article was originally published in the 16th March 2018 edition of Arbitration analysis: The Supreme Court of India decided that a party that fails to resist the enforcement of a foreign award does not have […]
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2 April 2018 at 18 : 41 PM
Dispute Resolution Hotline: Referring parties to Arbitration? Oral consent between Counsels not enough, holds Supreme Court of India
Read MoreApril 02, 2018 REFERRING PARTIES TO ARBITRATION? ORAL CONSENT BETWEEN COUNSELS NOT ENOUGH, HOLDS SUPREME COURT OF INDIA Jurisdictional pre-condition for reference to arbitration is that the parties should seek a reference or submission to arbitration In the absence of an arbitration agreement, a court can refer parties to arbitration only with written consent of […]
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30 March 2018 at 19 : 07 PM
Dispute Resolution Hotline: English Court for the first time sets aside an investor-state arbitral award on jurisdiction
Read MoreMarch 30, 2018 ENGLISH COURT FOR THE FIRST TIME SETS ASIDE AN INVESTOR-STATE ARBITRAL AWARD ON JURISDICTION English Court held that a claim for creeping expropriation is not precluded where there is a specific event in the chain of events that might ultimately be found to be a form of expropriation in itself; English Court […]
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30 March 2018 at 14 : 13 PM
HR Law Hotline: Employee Severance Limit Doubled: A Gratuitous Act by the Indian Government!
Read MoreMarch 30, 2018 EMPLOYEE SEVERANCE LIMIT DOUBLED: A GRATUITOUS ACT BY THE INDIAN GOVERNMENT! The Payment of Gratuity Act, 1972 provides for payment of severance in the form of gratuity upon employment termination. As a result of the amendment, the Indian government now has the flexibility to determine the maximum gratuity payable to employees, thereby […]
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29 March 2018 at 14 : 48 PM
Dispute Resolution Hotline: A director’s liability in cases of fraud
Read MoreMarch 29, 2018 A DIRECTOR’S LIABILITY IN CASES OF FRAUD This article was originally published in the 29th March 2018 edition of Given that investor directors are usually non-executive in nature, they should normally not be liable for actions which are largely promoter-driven In the past few weeks, the Central Bureau of Investigation (CBI) has registered […]
