Competition Amendment Bill, 2022: Key Changes to the Competition Act, 2002
On August 5, 2022, the Competition (Amendment) Bill, 2022 (the “Bill”), to amend the Competition Act, 2002 (the “Competition Act”), was introduced in the Indian Parliament. The timing of approval of the Bill, and its coming into effect, is uncertain at present.
Social Media allows Online Defamantion to spread faster and farther
Currently, social media such as Twitter, Facebook, and Instagram are powerful online platforms where anyone can ‘tweet’, ‘post’, ‘share’ any kind of material. The platforms are largely self-governing, having initially taken the view that they had no responsibility for the nature of the posts their users chose to post. However, somewhat reluctantly social media platforms …
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EVALUATION OF RECENT BANKING REGULATION AND SUPERVISION AGENCY DECISIONS REGARDING THE LIMITATION OF CASH COMMERCIAL LOANS
Banking Regulation and Supervision Agency (“BRSA”) has the power to make decisions regarding the commercial loan system in accordance with Article 93 of Banking Law No. 5411. In order to strengthen financial stability and efficient operation of the credit system by using resources more efficiently, BRSA decided to limit the cash commercial loans in Turkish …
New Administration Displays Its Strong Will to Promote Digital Health
Further to the 110 national initiatives for the new administration announced on May 3, 2022 (see our newsletter dated May 10, 2022), the government released a more detailed plan to promote digital health on July 27, 2022 (the Plan). The Plan was jointly prepared by the Ministry of Health and Welfare, the Ministry of Economy …
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THE HON’BLE SUPREME COURT’S RULING ON THE PREPONDERANCE OF THE COMMERCIAL WISDOM OF THE COMMITTEE OF CREDITORS IN WITHDRAWAL OF INSOLVENCY PROCEEDINGS.
A. Setting the context The preamble of the Insolvency and Bankruptcy Code, 2016 (the “Code”) makes the objective of the Code clear and unambiguous, by seeking to achieve reorganisation and insolvency resolution of corporate persons, partnership firms and individuals for, maximization of value of assets, promoting entrepreneurship; greater availability of credit and; balancing the interests …
What You Need to Know About Public Procurement for Terminals and Ports in the UAE?
Public procurement in the UAE is regulated under the Cabinet Decision No. 4 of 2019 (UAE Procurement Law). The UAE Procurement Law applies to procurement, supply contracts, works and providing services which are performed by the Government, ministries or federal bodies affiliated with the government.
What You Need to Know About Virtual Assets Law in the UAE?
Virtual asset is an innovative technology representing value which could be stored, traded, transferred or used as a payment tool in a digital form. Bitcoin, crypto assets, non-fungible tokens (NFTs) are all virtual assets.
Explained: Fines and sentence for online threat and blackmailing in the UAE
In the recent past, the increase in the availability of wide spread and fast internet has also expanded the scope of fraud, impersonation and blackmail through the online mode.
Explained: Human Trafficking and its Punishments in the UAE
Human trafficking, generally understood to mean the trade of humans for forced labour, slavery, exploitation including sexual.
What are the Consequences and Fines for Food Hygiene Violations in the UAE?
Food safety and food hygiene are crucial in maintaining the security of food, especially food that is being imported into the UAE. The UAE has passed the Federal Law No. 10 of 2015 on Food Safety (Food Safety Law), which aims to ensure the safety and health of traded food. It also aims to protect …
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