SEBI Imposes Penalty on Axis Securities Limited for Regulatory Non-Compliances
The Securities and Exchange Board of India (SEBI), vide an adjudication order (Order) dated 21 February 2025 penalised Axis Securities Limited (Axis Securities) for several non-compliances with various regulatory circulars applicable to them.
SECURITIES LAW UPDATE | SEBI IMPOSES RESTRICTIONS ON INTERMEDIARIES AND FINFLUENCERS
Overview: A recent Circular dated 29 January 2025 issued by the Securities and Exchange Board of India (‘SEBI’) provides imperative clarifications regarding the association of persons regulated by SEBI, market infrastructure institutions (MIIs), and their agents with individuals or entities engaged in prohibited activities.
FEMA UPDATE | AMENDMENTS TO FEMA REGULATIONS PROMOTING INCREASED INR USAGE
Background The Reserve Bank of India (RBI), through a press release dated 16 January 2025, introduced amendments to several regulations made under the Foreign Exchange Management Act 1999 (FEMA). These amendments aim to enhance the use of the Indian Rupee (INR) in cross-border transactions. This initiative is a significant step towards reducing dependency on foreign …
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ARBITRATION LAW UPDATE: GAG ORDER UNDER SECTION 9 OF THE ARBITRATION ACT CAN BE GRANTED FOR PROTECTING REPUTATION
Background: The Hon’ble High Court of Bombay in the matter Wonderchef Home Appliances Pvt. Ltd. v. Shree Swaminarayan Pty Ltd. held that a gag order under Section 9 of the Arbitration and Conciliation Act, 1996 (“the Act”) can be granted, pending resolution of disputes between the parties, if the contractual obligation between the parties stipulates …
Updated Regulatory Standard Requires Companies in Brazil to Address Psychosocial Risks
Beginning May 26, 2025, the updated provisions of Regulatory Standard No. 01 (NR-01), issued by the Ministry of Labor and Employment (Ministério do Trabalho e Emprego – MTE), will enter into force. The revised regulation requires companies operating in Brazil to assess and manage psychosocial risks in the workplace. Its primary objective is to protect …
Challenges in Implementing Public Housing Policies
The recent revision of the Master Plan (Plano Diretor Estratégico – PDE) of the City of São Paulo, pursuant to Article 47, restructured two key instruments of the public housing policy: HIS – Social Interest Housing, and HMP – Popular Market Housing. These programs are essentially characterized by the granting of urban planning and tax …
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Employment Rights Bill: Preparing Your Organisation
The Employment Rights Bill will bring in wide-ranging reforms of UK workplace legislation.
UK Immigration White Paper: Overview for Employers
The UK’s latest immigration white paper, titled ‘Restoring Control Over the Immigration System‘, outlines significant policy changes designed to reduce net migration.
Bahrain Enacts Amendments to the Commercial Law Enhancing Cheque Regulations
His Majesty King Hamad bin Isa Al Khalifa, King of Bahrain, has ratified and promulgated Law No. (23) of 2025, implementing significant amendments to Bahrain’s Commercial Law, originally issued by Decree-Law No. (7) of 1987. These amendments, approved by both the Shura Council and the House of Representatives, aim to modernise and strengthen the legal …
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International Research and Development Agreements involving Intellectual Property in Brazil: Essential Clauses and Practical Strategies
International Research and Development (R&D) agreements have become increasingly significant worldwide, as companies pursue global competitiveness, technological advancement, and integration into international value chains in response to growing demands for innovation.