Due Diligence on ESG Matters
2020 has unwittingly proved the significance of financial and non-financial risks in assessing resilience. Sustainable companies are seen to be able to stand through the economic turmoil with higher resistance, or at least did not deteriorate as badly as others. Due to this, more heads are turning towards the importance of the environmental, social and …
Introduction to Malaysian Sugar Tax
In 2019, the Malaysian government introduced the so-called “Sugar Tax” as a means of addressing the growing prevalence of obesity and diet-related non-communicable diseases like diabetes by increasing the cost of Sugar Sweetened Beverages (“SSB”).1
The Risk of Cargo Liquefaction
Some bulk cargoes can cause cargo liquefaction if the moisture content exceeds a certain level. Cargo liquefaction occurs when dry bulk cargoes with high moisture content start to behave like liquids when the ship is moving. Such cargoes shift rapidly in the holds of a ship, resulting in free surface effect, making the ship unstable …
New Code of Conduct for Leasing of Retail Premises in Singapore
On 26 March 2021, Singapore Business Federation (“SBF”) announced the introduction of the Code of Conduct (“Code”) for the Leasing of Retail Premises which aims to enable fair and equal position in lease negotiation and introduce a dispute resolution framework. A Fair Tenancy Industry Committee (“FTIC”) will be formed by 1 June 2021 to monitor …
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The Growing use of Blockchain in the Law and Commerce
The new development in connection with the service of legal documents arising from Giambrone & Partners landmark High Court case D’Aloia v. Persons Unknown changes the face of future litigation in contentious cyber disputes.
Need for improving pharmaceutical laws – the proposed way forward
With the rising need to accommodate the new requirements and adaptation of modern technology in the pharmaceutical sector, the draft of the ‘Drugs, Medical Devices and Cosmetics Bill, 2022’ (the “Bill”) has been released by the Ministry of Health and Family Welfare (MoHFW) on July 8, 2022, which seeks to replace the existing archaic law …
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ANALYZING THE CONUNDRUM VIS-A-VIS NCLT’s POWER TO ADMIT CIRP APPLICATION
INTRODUCTION The Insolvency and Bankruptcy Code, 2016 (‘IBC’) enables financial creditors and operational creditors of a corporate debtor to initiate the corporate insolvency resolution process (‘CIRP’), under Section 7 and Section 9 of the IBC, respectively.
TRANSFER OF COPYRIGHT OVER THE WORK OF AUTHORSHIP AND ‘’SOFTWARE’’ IN EMPLOYMENT RELATIONSHIP
Today, perhaps more than ever before, commercial use of Software is of great value and many Software developers design and develop Software for licensing or sale to end users, or those serving a commercial purpose in an ever-growing market.
Two Types of Agreements for Real Estate Presales: Real Estate Presale Agreement and the Prepaid Residence Sales Agreement
I. Introduction Due to the rapidly growing real estate sector, the lawmaker specifically regulates contractual relationships between the parties in order to prevent any loss of right of any one of the parties. Along with the typical real estate sales agreements, preliminary sales agreements are also needed by the sellers and buyers due to many …
Master Directions on Credit Card and Debit Card – Issuance and Conduct Directions, 2022
INTRODUCTION Reserve Bank of India (“RBI”) issued Master Directions on Credit Card and Debit Card – Issuance and Conduct Directions, 2022 (“Master Directions”)[1] dated April 21, 2022, effective from July 01, 2022 (except a few provisions which will be effective from October 01, 2022). These Master Directions were brought in to regulate the conduct of …