RBI’S FREE-AI FRAMEWORK: NAVIGATING THE LEGAL AND REGULATORY LANDSCAPE
Overview On August 13, 2025, the Reserve Bank of India (“RBI”) released the much-anticipated committee report on Framework for Responsible and Ethical Enablement of Artificial Intelligence (“FREE-AI”) in the financial sector. This comprehensive framework, developed by a committee chaired by Dr. Pushpak Bhattacharyya of IIT Bombay, marks a significant milestone in India’s approach to AI …
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Why A Landmark Ruling Strengthens The Case For Pre-nups
A Supreme Court ruling on whether substantial assets transferred between spouses during marriage should be divided equally on divorce – has reignited the importance of Pre-nups.
Regulation of SAFEs in USA and Armenia: A Comparative Overview
Introduction: The startup ecosystem thrives on innovative financing mechanisms that balance the needs of investors and entrepreneurs. One such instrument that has gained significant traction is the Simple Agreement for Future Equity (SAFE). Originating in the United States, SAFEs have revolutionized early-stage financing by offering a streamlined and flexible alternative to traditional equity investments and …
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EU Sanctions Compliance: Guidance Through Regulatory Challenges
Spurred by recent international events involving Ukraine, Russia, China, Iran, Venezuela, and North Korea, among others, complex export controls, economic sanctions and trade embargoes continue to evolve. In particular, the EU has adopted a wide range of restrictive measures against Russian individuals and entities in order to cripple Russia’s ability to finance the war. Navigating …
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ARTICLE ON 16th EU SANCTIONS PACKAGE
Sanctions adopted following Russia’s military aggression against Ukraine. The European Union (EU) continues to adopt further packages of economic sanctions against Russia due to the continuance of its military aggression against Ukraine, the latest of which is summarised below. The relevant legal framework is EU Regulation 269/2014 concerning restrictive measures in respect of actions undermining …
ARTICLE ON 14th and 15th EU SANCTIONS PACKAGES
Sanctions adopted following Russia’s military aggression against Ukraine. The European Union (EU) continues to adopt further packages of economic sanctions against Russia due to the continuance of its military aggression against Ukraine, the latest of which are summarised below. The relevant legal framework is EU Regulation 269/2014 concerning restrictive measures in respect of actions undermining …
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ARTICLE ON REPORTING OBLIGATION UNDER ARTICLE 5R OF COUNCIL REGULATION (EU) 833/2014 (“Regulation 833”)
New reporting obligations, following the addition of Article 5r of Council Regulation (EU) No. 833/2014 through the 12th EU package of economic and individual sanctions against Russia (the “EU Sanctions”) due to its military aggression against Ukraine, were issued on 18th of December 2023. Note: The position is constantly evolving. Additional sanctions may be introduced …
COMING BACK HOME Reverse Flips Gain Momentum
Authored by – Moksha Bhat, Managing Partner at AP & Partners, And co-authored by – Udit Kapoor, Associate, AP & Partner Introduction Over the past decade, India has become a major start-up hub and now has the third largest number of unicorns—companies valued over USD 1 billion. This growth has been spurred in large measure …
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A guide to filing civil and commercial cases in Dubai Courts and DIFC
Business dealings in Dubai can run smoothly for years, yet disputes are part of commercial life. A contract may be breached, payment withheld, or a partnership come to an end. When that happens, the parties often have no choice but to take the issue before the courts.
Modification of Arbitral Awards: Supreme Court answers
A. Introduction What began as a criminal complaint in 2004, culminated in a landmark ruling by the Hon’ble Supreme Court on a key issue in the field of arbitration. On 30 April 2025, while delivering its judgment in Gayatri Balaswamy v. ISG Novasoft Technologies Ltd[1] [“Gayatri”], the Apex Court addressed the pivotal question of whether …
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