NEW RBI DIRECTIONS ON BANK ACQUISITIONS IN INDIA
Last month, the Reserve Bank of India (the “RBI”) introduced master directions (the “Directions”) and guidelines (the “Guidelines”) for the acquisition and ownership of shares and voting rights in banking companies. The main aim of the Directions and Guidelines is to ensure that the ultimate ownership and control of banking companies remains well diversified.
India’s UGC seeks to allow foreign universities to set up Indian campuses
Recently, the University Grants Commission (the “UGC”) has published the Draft University Grants Commission (Setting up and Operation of Campuses of Foreign Higher Educational Institutions in India) Regulations, 2023 (the “Draft Regulations”) proposing the establishment and operation of international branch campuses (“IBCs”) of foreign higher educational institutions (“FHEIs“) offering undergraduate and higher level programmes in …
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Proposed Amendments to the IT Intermediary Rules: Is the playing kit adequate for the Online Gamers?
On December 23, 2022, the Government of India (Allocation of Business) Rules, 1961 was amended by virtue of which ‘matters relating online gaming’ was brought under the purview of Ministry of Electronics and Information Technology (“MeiTY”). Later, on January 2, 2023, MeiTY published draft amendments to the Information Technology (Intermediary Guidelines and Digital Media Ethics …
THE FEDERAL ATTORNEY GENERAL´S OFFICE DURING JUSTICE FÁBIO MEDINA OSÓRIO´S TERM
In 2016, at the beginning of the Michel Temer administration, Fábio Medina Osório was appointed Attorney-General of Brazil. In that capacity, he helped structure the transition and the beginning of Michel Temer’s government. In this article, originally published on the Conjur portal, Fábio Medina Osório talks about his term as the head of the Federal …
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Legal Reforms have been Outlined for alcohol in the UAE
The UAE is a global destination for millions of expats, who come from all walks of life, with varying cultures, religions, beliefs and way of life.
What you need to know about swindling in the UAE and it’s Punishments?
The literal meaning of swindling is to take money or property from someone fraudulently, especially on a large scale. The term is often used interchangeably with fraud, in the commercial sphere, and the UAE being a hub of commerce, the probability of commission of fraud and fraud-related activities is very high.
What should you do if you are wrongfully accused of sexual harassment at work?
The UAE Penal Code, the Federal Decree-Law No. 31 of 2021 On the Issuance of the Crimes and Penalties Law, is the law which regulates the criminal law in the UAE, along with the Criminal Procedure Code.
An Overview of Marriage, Divorce, and Inheritance laws for Non-Muslims in the UAE
The introduction of a new personal status law for the non-Muslims is a landmark decision on part of the UAE government. To be enforced from February 1st, 2023, the Federal Decree-Law No. 41 of 2022 on Civil Personal Status brings with itself numerous changes in terms of marriage, divorce, custody, inheritance etc.
Inheritance Law in the UAE: Procedures and it’s Implementation
When a person dies intestate, it becomes very difficult for those left behind to gain access of his estate since they cannot be dealt with or transferred without court orders. This results in immense financial problems and unreasonable delays. Therefore, it is advised that a person should execute a will in his lifetime so that …
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WHAT CONSTITUTES CONTEMPT OF COURT IN UAE FAMILY LAW?
The following article discusses the concept of contempt of court in relation to family law of the UAE.