The Finance Bill 2023 introduces new taxation laws for Online Games
During Covid, online gaming as an industry experienced meteoric growth, gaining popularity among the new-age GenZ and millennials. Online games were easily accessible through smartphones, play stations, Nintendo, and Xbox and were nothing short of a best friend in disguise to eradicate the boredom and isolation brought upon by the pandemic.
It’s a Merger… It’s a Joint Venture… The Turkish Competition Board Revisits the Analysis Regarding the Nature of Concord/Niche-Slim Fusina Transaction
In March 2022, the Turkish Competition Board (“Board”) unconditionally approved the transaction concerning the merger between Slim Fusina Rolling S.R.L. (“Slim Fusina”) and Niche Fusina Rolled Products S.R.L. (“NFRP”) (the “Approval Decision”).
Three Smoking Guns at Two Different Levels of Distribution: Turkish Competition Board Settled with Small Home Appliances Suppliers in a Resale Price Maintenance Case
On May 5, 2023, the Competition Board (“Board”) published its reasoned decision[1] (“Decision”) rendered upon the full-fledged investigation initiated against Korkmaz Mutfak Eşyaları San. ve Tic. A.Ş. (“Korkmaz”), Punto Dayanıklı Tüketim Malları İth. İhr. Tic. Ltd.Şti. (“Punto”) and Gençler Ev Araç ve Gereçleri Pazarlama Ticaret A.Ş. (“Gençler”) (the “Investigation”).
Ahlawat & Associates advised Rooter Sports Technologies Private Limited on its ‘Pre-Series B Investment’ round of USD 16 million, led by Lightbox Ventures III.
Ahlawat & Associates (“A&A”) has advised Rooter Sports Technologies Private Limited, on its ‘Pre-Series B Investment’ round wherein the investment was a combination of debt and equity investments and was led by Lightbox Ventures III, followed by investments from existing investors along with witnessing participation from new investors.
SEBI Modifies Underwriting Framework for Public Issues
On February 22, 2023, the Securities and Exchange Board of India (“SEBI”) released a consultation paper on, among other things, amendments to the underwriting framework applicable to public offerings under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”). On March 29, 2023, changes were approved …
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CONSENT & THE DOCTRINE OF “GROUP OF COMPANIES” IN INDIA
Contentious (/kənˈtenʃəs/) “likely to cause people to disagree” as defined in Oxford Learner’s Dictionary is the perfect representation for the concept of “Group of Companies” in arbitration, in various jurisdictions around the world.
Keeping up with the times: India’s proposed digital law
Taking a step towards laying the groundwork for a digitally advanced India, the Ministry of Information and Technology (“MeitY”), on 9th March 2023, released a presentation on the proposed Digital India Act, 2023 (“DIA”).
VIRTUAL DIGITAL ASSETS AS REPORTING ENTITY UNDER PMLA: REGULATION AND WAY FORWARD
Money-laundering poses a serious threat to financial systems of the countries across the globe. In India, the Hawala system has been a method to launder money where funds are transferred between countries without physically moving money.
Tokenizing Real Estate Assets in India From Bricks to Blockchain
The real estate investment in India has traditionally been viewed as a safe and conservative investment that yields long-term returns.
Turkish Data Protection Authority Started Enforcement Against Foreign Data Controllers
Towards the end of 2022, the Turkish Data Protection Authority (“DPA”) had started sending information request letters to foreign controllers (data controllers located outside Turkey but collect/process personal data from Turkey) that did not register with the Data Controllers’ Registry (“VERBIS”) by the appliable deadline (i.e. December 31, 2021)