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- Investments: Are We Still Getting the Latte or Merely the Froth?
Today’s economic news seems undeniably strong. Despite the crisis in India, our own health officials believe that we may be emerging from the darkest hours of the pandemic. Pennsylvania has announced it will be open for business in less than a month. The Dow has taken us from 30,000 on New Years’ to 34,500. A...
- Indian Edtech in 2020: The Effective First Shot
The outbreak of Covid-19 brought an unprecedented opportunity for the educational technology (“EdTech”) sector in India. The traditional face-to-face interaction between a teacher and students suffered a setback and almost instantaneously, there was a paradigm shift to the unconventional mode of online learning. This change brought the spotlight on EdTech industry following which it received...
- President Biden Signs Presidential Proclamation Suspending Entry of Certain Persons Entering US from India
As an update to our previous blog, President Biden signed a Presidential Proclamation on April 30, 2021, that will be effective May 4, 2021, at 12:01 a.m. The Proclamation will prohibit the entry of nonimmigrants and noncitizens of the U.S. into the United States, who were physically present within India during the 14-day preceding entry into the United...
- Promoter reclassification – Family feud: An area of concern
The Indian business landscape mainly comprises of family run businesses. Keeping in mind the close-knit joint family culture in the country, Indian regulators have been particularly cautious of family members owning and controlling a business together. The Securities and Exchange Board of India (SEBI) has, in Regulation 2(1)(pp) of the SEBI (Issue of Capital and...
- President Suspends Travel from India Effective May 4 Due to COVID Risks
With daily news reports of India’s current COVID crisis worsening, President Biden issued a Presidential Proclamation, effective May 4, 2021, suspending entry to the United States from India for individuals in temporary immigration statuses who have been present in India within the prior 14-day period. The travel restriction does not apply to US citizens or...
- FIG Papers (No. 6: Series–2) RBI Payment Regulations – 2009 to 2021: Bank ‘nodals’ to PA/PG licenses!
Introduction: In our previous FIG Paper, we shared key learnings from our experience in connection with the payment aggregator and payment gateway guidelines (“PA/PG Guidelines”) issued by the Reserve Bank of India (“RBI”) on March 17, 2020. Based on representations received from various industry associations and payment intermediaries, the RBI has formalised the clarifications (initially...
- Can India (or any member country) make another request after INTERPOL refuses to issue a Red Notice?
A critical concern for people who have successfully applied to remove their Red Notices from INTERPOL’s Commission for the Control of INTERPOL’s Files is the question of what will happen if the member country makes another request for a Red Notice at a later time. The removal of a Red Notice often follows a lengthy...
- COVID-19 Cases in India and the Philippines Rise as U.S. Based Cruise Lines Look to Re-Start
As U.S. based cruise companies like Carnival, Norwegian and Royal Caribbean cruise lines announce their intentions of resuming operations this summer, countries where many crew members reside are facing unprecedented increases in the number of coronavirus cases. Over 40% of crew members hired by cruise lines reside in countries such as India and the Philippines....
- Supreme Court on Section 482 CrPC – Have the inherent powers of High Courts been diluted?
Recently, in Neeharika Infrastructure Private Limited v. State of Maharashtra (“Neeharika Infrastructure”) a three-judge bench of the Supreme Court (“SC”) pronounced a detailed judgment on the powers of the High Court (“HC”), while adjudicating a petition for quashing of the FIR – filed under Section 482 of the Criminal Procedure Code, 1973 (“Section 482...
- Rapid Metro Judgment: Reinforcing the Sanctity of Contracts and Public Good
The premise of project financing lies in financing of infrastructure projects undertaken by a special purpose vehicle (“Borrower”), the repayment of which is broadly dependent on the cash flows generated by the projects itself rather than the balance sheet of the Borrower or its promoter/sponsor. The onset of public private partnership (“PPP”) regime in the...
- Law practice after 45? Forget it!
Are you worried about your job being outsourced? To India? According to a new regulation in India, if you’re not licensed by the age of 45, you cannot become an advocate!...
- International Euro-India Conference on Holistic Medicine
An International Euro-India Conference on Holistic Medicine will be held in India this summer. From the Institute of Holistic Medical Sciences, Kottayam, Kerala, India and the Ayurveda-und Venen-Klinik Dr. Mathew, Klagenfurt, Austria, details of the 1st International Euro-India Conference on...
- India And China Turn Up The Heat On Climate Change 中印为气候变化加温
中文请点击这里 We noted in our article entitled India, China, and the Doha Round that India and China have forged a formidable alliance in the Doha Round of negotiations. Now the two “Asian giants” have combined forces in an effort to gain leverage in another multilateral dialogue – this time, the...
- Oldest Legal Publishing House Is Shutdown – Work Moves to Phillipines and India
The news that Thomson Reuters announced that they are shutting down the Banks Baldwin Company seems to have flown under the radar. Last week, Thomson Reuters’ spokesman Scott Augustin announced that it will shut down the 207 year old Banks Baldwin Company and shift the work of the 132 laid off...
- India Issues Draft Privacy Rules
The Government of India releases draft privacy rules that would implement the Information Technology Act, 2000, and two of these rules could affect international companies that provide digital services or process data in India....
- Take a Bottle Drink it Down…Pass it Around….
Stephane Dupont, the head of our collections department, is also an avid home brewer. He recently brought several bottles of his India Pale Ale to share with the office, and so Friday evening found me with a frosty mug (per Stephane’s explicit instruction) and a Mad Men DVD. The juxtaposition of...
- Matt Peacock’s YouTube Story on Asbestos Use in India – An Example of a Useful Story Made Less Useful by Flawed Factual Assertions
Matt Peacock has been covering asbestos use issues for many years from a consumer point of view. Now on YouTube is a 25 minute video on asbestos use in India. The story also is on AlJazeera. The story is somewhat useful for presenting issues about continuing asbestos use. Unfortunately, the story...
- Imported Tuna source of Salmonella Bareilly and Nchanga outbreak
Another Import Problem? Are there 5,860 sickened? What are Salmonella Complications? Collaborative investigation efforts of state, local, and federal public health agencies indicate that a frozen raw yellowfin tuna product imported from India, known as Nakaochi Scrape, from Moon Marine USA...
- Aviation Corruption
The aviation industry appears to be particularly prone to bribery and corruption which can be a typical characteristic of an industry that is subject to multiple layers of regulation. This is especially true in India where bureaucracy and red tape is widely encountered by the consumer. The Business ...
- Supplytime 89: Owners not required to give five banking days’ notice in order to exercise their right to suspend provision of the vessel’s services
In Greatship (India) Limited -v- Oceanografia SA de CV  EWHC 3468 (Comm), the Commercial Court considered the interpretation of clause 10(e) of the BIMCO Supplytime 89 form. Specifically, the court considered the question of whether, in order for Owners to validly exercise their right to...