New Rules for the Changed World
On 11th August 2020, the LCIA unveiled the long-awaited update to its Arbitration Rules (LCIA 2020 Rules). The LCIA 2020 Rules will become effective on 1 October 2020 and will apply to arbitrations commenced from that date onwards. They will supersede the 2014 edition of the LCIA Arbitration Rules. The LCIA 2020 Rules introduce number […]
IPR Newsletter
While the world looks forward to unlocking themselves from the lockdown due to Covid-19, the Indian business are also taking steps to safeguard their Intellectual Property Rights and unlock their potential. We bring to you some key developments in the field of Intellectual Property in the month of July 2020. Sparsh Industries restrained from […]
Newsletter on Arbitration (June-July, 2020)
In a significant development, the Bombay High Court appointed arbitral tribunal awarded a compensation of ₹4814.67 Crore plus 10% interest from 2012 to Deccan Chargers in an arbitration against BCCI. While it is yet to be seen whether BCCI challenges the arbitral award but this award marks the end of the 8 years dispute which […]
Newsletter: Intellectual Property Laws
The field of Intellectual Property laws has not been untouched by the raging pandemic. However, the Indian IP Office has been adapting to these changing times and is facilitating electronic filings and hearings. Even the Indian judiciary has been taking up hearings though video conferencing, and has not been shy of passing judgments on some […]
Arbitration & COVID-19
The imposition of lockdown has significantly impacted the dispute resolution procedures. Arbitration is considered as more flexible dispute resolution procedure and hence the arbitral institutions across the globe have been operating and have issued guidelines with regard to virtual hearing and electronic filing of documents. In the domestic front, the Supreme Court extended the limitation […]
Changes notified for Foreign Direct Investment
On 17th April, 2020, Press Note 3 was released by the Department for Promotion of Industry and Internal Trade (DPIIT). Press Note 3 of 2020 revised the following earlier position: A non-resident entity could invest in India, subject to the FDI policy except the sectors/activities which were prohibited. A citizen of Bangladesh or an entity […]
Company law compliances adapting to these virtual times!
Between May 13-16, 2020, the Finance Minister announced a slew of relief measures to fight through these difficult times. COVID-19 has made it difficult for companies to adhere to existing compliance measures. Hence, the government has extended deadlines of many of these compliances (tax returns can now be filed till November 30, 2019). Some compliances […]
India is on a path of reform
India is on a path of reform and the corporate law sector is not untouched from this spirit. The first tranche of the relief package announced by the Finance Minister was focused on bringing up the MSME/startup sector. There were also positive takeaways for companies in terms of tax concessions and concessions in labour laws. […]
The story of distinction between seat and venue
The Courts exercise supervisory jurisdiction over the arbitration proceedings. This supervision is limited to granting interim measures, appointment of arbitrator, assistance in evidence taking and setting aside of the arbitral award. We need to analyse whether the Indian courts have justified their limited role, or whether they have been interventionist. In this newsletter, we cover […]
