Morrison & Foerster LLP (JD Supra India)
Significant Liberalization of Foreign Investment Rules in India
On June 20, 2016, the Indian government, in an effort to open up the Indian economy and bring in much-needed foreign capital, announced a radical liberalization of the foreign direct investment (FDI) rules by liberalizing restrictions on foreign investments into various sectors (please refer to the Appendix for a summary). The key sectors which have been the subjects of this liberalization
Privacy Laws in Asia
Privacy rules in Asia are changing at a rapid pace. In the past three years alone, five countries have enacted brand new laws, and three countries or jurisdictions have amended existing laws to address emerging issues such as data breaches and direct marketing. Prior to this, only six laws were adopted in a 13– year period. Eleven jurisdictions in Asia now have comprehensive data privacy laws:...
India Issues Clarification to Privacy Rules
In response to industry pressure, on Wednesday, August 24, 2011, the Indian Ministry of Communication & Technology issued a clarification of the Privacy Rules (“Clarification”). Of significance is that the Clarification appears to: 1) exempt service providers from the main substantive obligations of the Privacy Rules other than the cross-border limitations and the security obligations; 2)...
India’s New Privacy Regulations
Overnight, the privacy landscape in India has undergone a dramatic transformation. On April 13, 2011, India quietly issued final regulations implementing parts of the Information Technology (Amendment) Act, 2008, dealing with protection of personal information. These regulations could have a profound effect on multinational businesses that either outsource business functions to Indian service...