US’ CHIPS Act of 2022, Inflation Reduction Act and Their Implications to Korean Companies
In August 2022, US President Joe Biden signed the CHIPS and Science Act of 2022 and the Inflation Reduction Act of 2022, and therefore, the two laws entered into force. The two laws provide significant incentives to encourage semiconductor manufacturing in the US and wide-ranging incentives for climate change policies in areas including the clean …
Establishing a charity in Hong Kong
Demand for philanthropy planning has surged in recent years, especially since the pandemic’s harsh impact on society and livelihoods, with many enterprises, social organisations, religious groups and benevolent individuals seeking efficient, powerful, targeted ways to help socially vulnerable groups.
REDUCTION IN WORKFORCE– INDIAN LEGAL FRAMEWORK AND ALTERNATIVE ARRANGEMENTS
Large corporations around the globe such as Twitter, Meta, Amazon etc., are reported to have laid off employees for various reasons and workforce everywhere is going through a phase of uncertainty, and India is no different. In common parlance, ‘lay-off’ is generally referred to reduction in workforce or downsizing.
ICC DECISION ON LIABILITY IN CASE OF PURSUING ACTION IN COURTS NOTWITHSTANDING A VALID ARBITRATION CLAUSE
In Turkey, parties of a dispute tend to resort to courts even if they have a valid arbitration clause for the respective dispute. In the Final Award in Case 8887 (“Case”), International Chamber of Commerce (“ICC”) ruled that the defendant Turkish company (“Defendant”), by pursuing an action in the Turkish Courts despite the existence of …
Can a Share Purchase Agreement be specifically enforced?
A Share Purchase agreement is an agreement entered into between parties for sale of shares of a company. The same contains clauses governing the purchase and sale of shares by the purchaser from the seller. The same contains several conditions precedents, i.e. pre-requisites which have to be fulfilled before the shares are transferred. Accordingly, it …
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NON-FUNGIBLE TOKENS: TRAVERSING THE CRYPTOVERSE
Non-fungible tokens or NFTs, as they are more popularly known, are digital collectible tokens, unique in form (hence non-fungible) which are verified and secured by a blockchain. NFTs provide and represent the authenticity of origin of an underlying work/item, its ownership, scarcity as well as its permanence.
BINDING NON-SIGNATORIES TO ARBITRATION: TRACING THE EVOLUTION OF THE LAW SINCE MTNL V. CANARA BANK
In November, 2019, in our paper titled, ‘Charting the Shifting Paradigms of Binding Non-Signatories to an Arbitration’ [1], we had analysed the issue, whether a party who was not a signatory to an arbitration agreement could also be bound by such an agreement?
Licks Attorneys promotes two new partners.
Licks Attorneys announced this Monday (November 21) the promotion of two attorneys at law to partners: Ciro Albuquerque and Rodolfo Barreto, both members of the firm since 2015. The news reflects Licks Attorneys’ commitment to recognizing in-house talent and promoting the career development of its members.
SEBI makes changes to regulations for Alternative Investment Funds
Alternative Investment Funds (AIF) are funds acting as privately pooled investment vehicles and are established or incorporated in India as per the provisions of the SEBI (Alternative Investment Funds) Regulations, 2012 as provided and administered by the Securities and Exchanges Board of India (SEBI) which is the official sectoral regulator for AIFs. AIFs aim to …
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No Fine to the Competitors Having a Common WhatsApp Group: Turkish Competition Board’s Decision on the Red Meat Industry
On October 26, 2022, the Turkish Competition Board (“Board”) published its reasoned decision dated June 23, 2022 and numbered 22-28/443-180, upon its preliminary investigation initiated against six undertakings (i.e. Ahmet Tanrıbuyurdu, Emin Helal Et ve Gıda A.Ş., Göktaşlar Et-Et Ürünleri Yan San. ve Tic. Ltd. Şti, Namet Gıda Sanayi ve Ticaret A.Ş., Pınar Entegre ve …