Reserve Bank of India (Digital Lending) Directions, 2025: Brief Overview& Analysis
On 8 May 2025 the Reserve Bank of India issued the Reserve Bank of India (Digital Lending) Directions, 2025, a single rule-book that repeals and folds into itself every digital-lending circular since 2022, including the default-loss-guarantee (DLG) FAQ and the outsourcing norms for Lending Service Providers (LSPs).
Supreme Court Upholds Validity of Service Bond Clause in Employment Contract
In Vijaya Bank and Another vs Prashant B Narnaware[1] a division bench of the Hon’ble Supreme Court of India has upheld the validity of a clause in an appointment letter requiring an employee to pay Rupees Two Lakh (INR 2,00,000/-) as liquidated damages if he resigned before completing three (3) years of service.
Martyn’s Law gets Royal Assent to become law
The Terrorism (Protection of Premises Act), commonly known as Martyn’s Law, is named after Martyn Hett, one of the 22 victims of the 2017 Manchester Arena bombing
SEBI Imposes Penalty on Axis Securities Limited for Regulatory Non-Compliances
The Securities and Exchange Board of India (SEBI), vide an adjudication order (Order) dated 21 February 2025 penalised Axis Securities Limited (Axis Securities) for several non-compliances with various regulatory circulars applicable to them.
SECURITIES LAW UPDATE | SEBI IMPOSES RESTRICTIONS ON INTERMEDIARIES AND FINFLUENCERS
Overview: A recent Circular dated 29 January 2025 issued by the Securities and Exchange Board of India (‘SEBI’) provides imperative clarifications regarding the association of persons regulated by SEBI, market infrastructure institutions (MIIs), and their agents with individuals or entities engaged in prohibited activities.
FEMA UPDATE | AMENDMENTS TO FEMA REGULATIONS PROMOTING INCREASED INR USAGE
Background The Reserve Bank of India (RBI), through a press release dated 16 January 2025, introduced amendments to several regulations made under the Foreign Exchange Management Act 1999 (FEMA). These amendments aim to enhance the use of the Indian Rupee (INR) in cross-border transactions. This initiative is a significant step towards reducing dependency on foreign …
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ARBITRATION LAW UPDATE: GAG ORDER UNDER SECTION 9 OF THE ARBITRATION ACT CAN BE GRANTED FOR PROTECTING REPUTATION
Background: The Hon’ble High Court of Bombay in the matter Wonderchef Home Appliances Pvt. Ltd. v. Shree Swaminarayan Pty Ltd. held that a gag order under Section 9 of the Arbitration and Conciliation Act, 1996 (“the Act”) can be granted, pending resolution of disputes between the parties, if the contractual obligation between the parties stipulates …
Updated Regulatory Standard Requires Companies in Brazil to Address Psychosocial Risks
Beginning May 26, 2025, the updated provisions of Regulatory Standard No. 01 (NR-01), issued by the Ministry of Labor and Employment (Ministério do Trabalho e Emprego – MTE), will enter into force. The revised regulation requires companies operating in Brazil to assess and manage psychosocial risks in the workplace. Its primary objective is to protect …
Challenges in Implementing Public Housing Policies
The recent revision of the Master Plan (Plano Diretor Estratégico – PDE) of the City of São Paulo, pursuant to Article 47, restructured two key instruments of the public housing policy: HIS – Social Interest Housing, and HMP – Popular Market Housing. These programs are essentially characterized by the granting of urban planning and tax …
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Employment Rights Bill: Preparing Your Organisation
The Employment Rights Bill will bring in wide-ranging reforms of UK workplace legislation.