NPPA CAPS TRADE MARGIN FOR SIX ESSENTIAL MEDICAL DEVICES
The National Pharmaceuticals Pricing Authority (NPPA) invoked its extraordinary powers under Paragraph 19 of the Drugs (Prices Control) Order, 2013 (DPCO), to put a cap on the trade margin of the following medical devices — oxygen concentrators, pulse oximeters, glucometers, BP monitors, nebulizers and digital thermometers with an aim to make these medical devices affordable …
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Revaluation of Immovables within the scope of Law No. 7326
Law No. 7326 on the Restructuring of Certain Receivables and Amendments to Certain Laws (“Law No. 7326”) entered into force by being published in the Official Gazette dated 9 June 2021. In Law No. 7326, provisions regarding (i) the restructuring of finalized tax receivables, (ii) tax receivables that are not finalized or are in litigation, …
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The Carrier’s Right of Retention on Goods
Introduction Arising from the contract of carriage, the legislator has prescribed a right of retention on cargo by the carrier in order to secure the carrier’s receivables. Although the carrier’s right of retention is subject to separate regulations within the scope of Turkish Commercial Code numbered 6102 (“TCC”) in terms of land transport and sea …
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Competition Law Concerns Regarding Human Resources Practices
Introduction Pursuant to Article 2 of the Law on Protection of Competition (“Law No. 4054”), “all agreements, decisions and practices that prevent, distort or restrict competition between any undertakings operating in, or affecting markets for, goods and services within the borders of the Republic of Turkey; abuse of dominance by dominant undertakings in the market; …
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Regulation Models for Third Party Funding in Investment Arbitration – Part I
Introduction The United Nations Commission on International Trade Law (“UNCITRAL”) Secretariat published the Draft Provisions on Third-Party Funding (“TPF”) in Investor State Dispute Settlement (“ISDS”).[1] The Draft Provisions give an insight of host states’ long-lasting concerns on the influence of the TPF[2] in treaty-based arbitrations.[3] It is argued by some states that TPF is used …
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Protection and Registration of Designs
Within the scope of Industrial Property Law No. 6769 (“IPC”), the visual features of a product, in other words, its design, may be protected. Today, as designs also have marketing, advertising and competition elements, their registration has gained more importance. Design right gives the owner the right to prevent the unauthorized and unfair use of …
The Requirements for a Valid Will Under Maltese Law
Under Maltese law, wills are mainly regulated by the Civil Code, Chapter 16 of the Laws of Malta (the “Code”), which inter alia defines a will as an instrument by which a person disposes of his/her property for the time when he/she shall have ceased to live, and establishes that wills can always be revoked …
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Introduction to Privacy Law and GDPR
In the digital age, characterised by the growth of cloud computing and remote access, the importance of protecting personal data has gained new significance. Privacy has become one of the pivotal issues in our time, which does not only affect legislators or technology innovators, but has become relevant to every household, who has internet access …
Increase in Minimum Wage for Seafarers Through Recent Amendments to the Seamen Wages Council Wage Regulation Order
The Interplay with Other Applicable Maritime Law Provisions Whilst also regulated under the Merchant Shipping Act (“MSA”) and the Merchant Shipping (Maritime Labour Convention) Rules (“MSR”), these standards ought to be differentiated by proper assessment of each of the applicable laws’ scope. In accordance with the Order’s explanatory note, its provisions are to apply solely …
Goodwill is not a depreciating asset
Under the India Income Tax Act, 1961 (IT Act), there are prescribed depreciation rates for different categories of assets, called the ‘block of assets’ – which contain both tangible and intangible assets. The rates are applicable on the written down value (WDV) of the block of assets. As regards intangible assets, the IT Act provides …