Intellectual property law and the law governing the media are rapidly evolving while becoming increasingly complex. In the age of rapid social media advancement, protection of intellectual property has become a major concern for not only the owners of these rights but also for the lawmakers; and the Indian Courts are proactively working to safeguard the rights of the individuals. This issue of our newsletter mainly focuses on the recent developments in the media law and fashion law in India.Read More
Recently, the Bombay High Court ruled that stamping of document is not necessary for the appointment of arbitrator. However, within few days post this judgment, the Apex Court overruled it and held that stamping of document is required for the appointment of arbitrator. Such uncertainty of the law discourages the parties to make India as the seat of arbitration. With this background, we are delighted to share our newsletter on arbitration covering the recent judgments affecting the arbitration regime of the country.Read More
The beginning of this year has seen major developments in the IP Sector. From the Cinematograph (Amendment) Bill, 2019, which has introduced penal provisions for unauthorised camcording and duplication of films, to some noteworthy rulings to further strengthen protection of IP rights; This newsletter aims to bring to you the latest updates in the IP segment.Read More
In 2016, India embarked on its journey of building a dedicated framework for resolving cases involving insolvency and bankruptcy, and in no time the National Company Law Tribunals (NCLTs) started approving revival of bad loans. Today, we bring to you some reformative judgments of the last month that will be paving the road ahead.Read More
Last year was driven by introducing new technologies in the IPR circuit in India, the most significant of them all being the proposal of the Controller General of Patents, Designs and Trademarks to Introduce AI, Blockchain, Internet of Things and other technologies in IP Enforcement. It also paved the way for the Union Government approving a proposal to accede to the WIPO Copyright Treaty, 1996 (‘WCT’) and the WIPO Performance and Phonograms Treaty, 1996 (‘WPPT’) for setting up a framework for the protection of authors’ rights in the digital environment mandatory . An amendment was also brought this year by the government, amending the Intellectual Property Rights (Imported Goods) Enforcement Rules, 2007 which repudiated the power the custom officers to seize imports on the basis of mere complaints of patent infringement.
This newsletter aims to include the latest updates in the IP segment through judicial pronouncements made in the year of 2018.
The 2013 Hong Kong rules have been revised to add provisions for use of technology to benefit the process of arbitration. The process for revision of the Rules began in August 2017 and after a year of consultation with the interested groups and users in Hong Kong, a new set of rules have come into force on 1 November 2018 to administer arbitral process, namely, HKIAC Administered Arbitration Rules (2018). The major changes introduced are as follows:Read More
Japan Commercial Arbitration Association announced issuance of three sets of Arbitration Rules for public comments on 16th November, 2018. The evident motive for introduction of these new sets of rules is to change the offering of a unique arbitration model which is attractive to the wide range of businesses. These new sets of rules will come into force on 1 January 2019. The new set of rules are as follows:Read More
The Draft Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community unveiled on the 14th of November, 2018, lays down a new mechanism for settlement of disputes through arbitration arising between the European Union and United Kingdom (Article 170 to 181 of the agreement). For the purpose of arbitration, following provisions have been laid down under the agreement:Read More
In Romania, the Rules of the Court of International Commercial Arbitration which are linked with the Chamber of Commerce and Industry of Romania (hereinafter “C-C”) have been revised in order to provide an efficient and effective way to settle a dispute through arbitration. The new rules lay down certain provisions for an efficient mechanism in respect of time and costs of the arbitration process. Some of them are stated below:Read More
In arbitration, the main elements are enquiry, hearing of parties, examination of evidence and adjudication of the dispute. Enforcement of an arbitral award is essential. Once the award is given by the Arbitral Tribunal, a party is required to enforce the award in the enforcement court. The courts across the globe have denied enforcement on various grounds. Therefore, the parties dealing with international business houses shall observe the trend followed by various courts across jurisdictions with regard to the enforcement of arbitral award. This newsletter covers the latest arbitration related judgments of different courts in various jurisdictions.Read More
If one finds it challenging to enforce a commercial contract, then rest of the aspect of ease of doing business becomes significantly less relevant. Enforcement of contract and pendency of cases is one area that continues to be a concern. One aspect that could help alleviate concerns with commercial contracts, as well as help reduce the burden on the court and consequently pendency, is through Alternate Dispute Resolution (ADR). Since the government of India is committed to improve its ranking in ease of doing business, it has made major strides towards greater efficiency and efficacy in resolving commercial disputes, including major legislative measures on promoting ADR. With top class arbitration, many of the concerns regarding enforcement and delays in the court would dissipate.Read More
India has introduced various reforms in the recent years ensuring credibility with the potential investors and strategic partners for encouraging them to invest in India. Some of these initiatives are the introduction of Startups Intellectual Property Protection (SIPP) providing 50% fee concession in patent and trademark to startups, Reforms for automation and digitalization of the whole IP registration process, reforms for expediting the process of prosecution in IP matters and so on.The Indian judiciary has made robust progress for safeguarding the rights of innovators and bringing this regime in consonance to the international standards.
The Arbitration & Conciliation (Amendment) Act, 2015, did not address certain key issues such as importance of institutional arbitrations at a time when internationally, institutions such as ICC, LCIA, SIAC and HKIAC were playing key roles in resolution of disputes through arbitration.
Corporate Law governs the rights, relations and conduct of persons, companies, organizations and businesses and regulates the interaction between corporations, investors, shareholders, directors, employees, creditors and other stakeholders such as consumers, community and environment. It is an important legal framework to ensure the smooth functioning of corporate bodies which is supported by umpteen regulations released by SEBI. SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 is one such framework that serves to consolidate and streamline the provisions of various listing agreements in operation for different segments of the capital market.Read More
This newsletter aims to include the latest updates in the IP segment and recent statutory developments in this regard for creating awareness among all sections of the society about the economic, social and cultural benefits of IPR. The protection of such property can only be provided through well-defined laws which balance the interests of the public with those of the owners. This would commercialize the scope of such brands through digitization of government filings thereby relaxing the process of registration. The strengthening of the enforcement and adjudicatory mechanisms would require the involvement of various agencies coordinating with the IP owners for avoiding practices of piracy and infringement of rights. The judiciary in this regard has made robust progress for safeguarding the rights of innovators and bringing this regime in consonance with the international standards which would be highlighted in the following segment:Read More
In May 2016, India enacted the Insolvency and bankruptcy code, as a major legal reform. The new framework is the time bound process in which cases are admitted and are supposed to be resolved within 270 days; if not, companies go into liquidation. A fundamental feature of insolvency law is creditor protection, which involves altering the existing relationship between a company and its creditors and giving creditors, the front seat. This is positive from the perspective of improving the credit culture of the country which will lead to better availability of credit and eventually help in improving the ease of doing business.
In the short period of time that the insolvency code has been in force, both the NCLT and the NCLAT have adapted admirably to new legal concepts and strict procedural timelines. Still, a year after its introduction, the code remains a work in progress. The strengthening of enforcement and adjudicatory mechanism would require the involvement of various agencies coordinating with the adjudicatory authorities for speeding up the process of liquidation for timely claim fulfillment of the creditors. The tribunal in this regard has made robust progress for safeguarding the rights of the creditors and interpreting the legislative aspect.Read More
The Competition Commission of India (‘CCI’) is a market regulator, it does not decide between parties but rather takes note of an anti-competitive conduct which may be brought to its notice by any person or enterprise by way of filing information. The objective of the Competition Act 2002, (‘Act’) is to prevent practices having adverse effect on the competition, to promote and sustain competition in markets, to protect the interests of the consumers and to ensure the freedom of trade carried on by other participants in markets.
The Ministry of Corporate Affairs (‘MCA’) has brought about prospective changes by statutorily mandating National Company Law Appellate Tribunal (‘NCLAT’) as the appellate tribunal for appeals arising from the CCI, instead of the Competition Appellate Tribunal. The merger control has subsided concerns pertaining to significant delays in the M&A regime, which also observed removal of the 30-days filing deadline for notifiable transaction thus doing away with unnecessary penalties for delayed filings.
The Commission has also issued guidelines on non-compete prescribing assessment of non-compete restriction in the M&A transactions. The carving out for the state-owned enterprises is not in consonance with other major competition jurisdictions and results in creation of ownership-based divide, distorting the level playing field amongst private companies and state-owned enterprises. Provided that CCI has the ability to levy highest economic penalties, the application of turnover remained contested until Supreme Court settled the issue in relation to interpreting turnovers as ‘relevant turnover’ thereby adopting the principle of proportionality. The requirement for formulating penalty guidelines still subsists as concern for guiding industries.
Further, to contribute the ease of doing business in India, the Government shall set up benches of the Commission to speedily resolve the issues pertaining to this framework. This newsletter aims at such highlights of the Commission wherein issues revolving around abuse of dominance, cartelization, anti-competitive agreements were dealt in consonance to the international standards of the Competition legislations, which would be pondered upon in the following segment:
Over the years, stringent IPR protection laws have encouraged tremendous foreign investments and efforts in the areas of applied science whereby we overcome numerous challenges in various fields. In the world economy it is imperative that a universal protection is accorded for which we have robust international system of treaty instruments and enforcement organizations.
This newsletter aims to proffer the latest updates in the IP segment and recent statutory developments for creating awareness about the economic, social and cultural benefits of IPR. The protection of such property can only be provided through well-defined laws which balance the interests of the public with those of owners. This would commercialize the scope of such brands through digitization of government filings thereby reducing the process of registration. The system provides adequate incentives for entrepreneurs to innovate but there is requirement of strict implementation which would help in innovation of strengthened economy. The judiciary in this regard has made robust progress for safeguarding the rights of innovators and bringing this regime in consonance to the international standards which would be highlighted in the following segment:
The Insolvency and Bankruptcy Code was enacted for the purpose of unifying the laws pertaining to liquidation proceedings and bankruptcy. The term ‘insolvency’ refers to the ‘de facto’ situation whereas ‘bankruptcy’ refers to the ‘de jure’ situation of being insolvent. The Code grants specific rights to the creditor which can be exercised against the insolvent entity. The new Code provides for an Insolvency resolution process which is initiated on an application by the debtors or the creditors to the tribunal, an interim Insolvency Professional is appointed for the management of the corporate debtor and to constitute the creditors committee, followed my making and approval of the resolution plan, the organisation is then liquidated. In India, lending institutions were sceptical about return of the credit which makes borrowing difficult which necessitated the enactment of such legislation safeguarding the vested interests of the creditors. Although there still persists scope for indulging prevalent provisions governing the process which could be initiated by forming more Information Utilities, as National e-Governance Services Ltd. (NeSL) is the only entity to have received the in-principle authorization for establishing an Information utility. The strengthening of enforcement and adjudicatory mechanisms would require the involvement of various agencies coordinating with the Adjudicating authorities for speeding up the process of liquidation for timely claim fulfillment of the creditors. This newsletter through judicial pronouncements on subject matters of initiation of resolution process, approval plans and the time period required to liquidate the company aims to clarify the legislative reforms in manner of claiming the unpaid debts. The Tribunal in this regard has made robust progress for safeguarding the rights of creditors and interpreting the legislative aspect which would be highlighted in the following segment:Read More
The Arbitration and Conciliation (Amendment) Act, 2015 had brought about prudent modifications in manner of appointment of an Arbitrator, reduced timelines for resolving commercial disputes, infrastructure development, promotion of institutionalized arbitration etc. The recognition of the MCIA as an appointing institution by the Supreme Court lends credibility to the relatively new institution and will hopefully encourage both domestic and foreign users to use the facilities and rules of the MCIA in their commercial arrangements. . The amendments deal with restrictions on Indian court's jurisdiction over foreign seated arbitrations and various other recommendations made in the Law Commission Report. The changes have also brought the Indian arbitration regime closer to the international standards and to the UNCITRAL Model Law on International Commercial Arbitration. The provision pertaining to fast-track arbitrations (Section 29A) is though included in the Act but there still persists the requirement for inclusion of emergency arbitrations. Further, issue such as appealability of the decision of the Court or such arbitral institution where it decides that the arbitrator should not be appointed still requires clarification. Though, the Amendment makes declaration by the Arbitrator about his independence and impartiality more realistic as compared to bare formality under the previous regime. Further it could be opined that the present amendments certainly brought significant changes in manner of reducing the interference of the Court in the Arbitration proceedings that has been the consistent effort of the legislature since the enactment of the 1996 Act. This Newsletter aims to include the latest updates in the Arbitration and Conciliation segment and recent statutory developments in this regard for creating awareness.Read More
The Intellectual Property Rights (IPR) provides for regulatory framework to safeguard the interest of the entities indulged in creativity and innovation for which it has been bifurcated under protections such as- patents for inventions, copyrights for literary works, trademarks and trade secrets. The Government in pursuance of this shift announced IPR policy which would be in compliance with the global norms ensuring credibility with the potential investors and strategic partners for encouraging them to invest in India. This newsletter aims to include the latest updates in the IP segment and recent statutory developments in this regard for creating awareness among all sections of the society about the economic, social and cultural benefits of IPR. The protection of such property can only be provided through well-defined laws which balance the interests of the public with those of owners. This would commercialize the scope of such brands through digitization of government filings thereby reducing the process of registration. The strengthening of enforcement and adjudicatory mechanisms would require the involvement of various agencies coordinating with the IP owners for avoiding such practices of piracy and infringement if rights. The judiciary in this regard has made robust progress for safeguarding the rights of innovators and bringing this regime in consonance to the international standards.Read More