Supreme Court in Jaypee Infratech
Written by Jyoti B Singh and Mayank Samuel. Supreme Court in Jaypee Infratech: Third-party security holders are not financial creditors of the mortgagor entity. The Division Bench of the Hon’ble Supreme Court of India (“Supreme Court<”/ “Court”) in Anuj Jain, IRP for Jaypee Infratech Ltd v. Axis Bank Ltd and Ors. (Civil Appeal Nos. 8512-8527 …
HSA – Corporate Spring Cleaning
HSA – Corporate Spring Cleaning part 1
8th edition of Global Legal Insights – Energy
India Chapter Authors: Hemant Sahai, Apoorva Misra & Dipti Lavya Swain Source: GLI Energy 2020 Overview of the current energy mix, and the place in the market of different energy sources India is globally ranked third in power generation. accounting for 5.86%, i.e. 1,561,100 GW of the world’s total annual energy generation after China and …
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Coronavirus: The Fallacy of Forcing Force Majeure
Source: Bar and Bench Authored by Rajdeep Choudhury “Gasmaggedon” Sweeps Over Global Gas Market Manufacturers entangled in logistical nightmare as virus-hit China limps back to work Coronavirus casts a shadow on solar projects The above headlines are a stark reminder that the humanitarian challenges brought about by the outbreak of severe acute respiratory syndrome coronavirus …
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What are then the post-Brexit immigration rules regarding low -skilled migrants?
Brexit officially was approved by parliament and became effective on 31st January this year, and whilst the Prime Minister has refused to extend the transitional period beyond 31st December 2020, adamant upon leaving on a no-deal basis, if a trade deal cannot be struck, in the wake of the COVID-19 virus which is ravaging people …
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Yacht Importation Procedures
When a yacht is imported in the EU for commercial purposes, it must undergo relative VAT and customs procedures in order to subsequently be imported into the EU. On the other hand, for a yacht to be placed in the EU indefinitely it would need to be registered in an EU member state. In that …
COVID:19: Impact on the Financing Agreements
The COVID-19 pandemic and the consequent lock-down has impacted the business of all non-essential services and supplies and has disrupted collection and flow of revenues for such businesses. This impact has primarily been on account of the effect on global supply chains, foreign travel and inland transportation of goods and movement of people, especially for …
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Rajasthan High Court holds NEERAJ/NIRAJ not similar to NIRAB
Will difference in pronunciation in certain parts of the country leading to phonetic similarity be sufficient to grant an order of injunction? This is the crux of the issue in the instant appeal before the Division Bench (two judge bench) of the High Court of Rajasthan. The Plaintiff, Deepak Vegpro Private Limited (Deepak) filed the …
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Impact of COVID-19 on banks, insurance companies and the economy of the UAE: Key Considerations
The outbreak of Covid-19 has been classified as a pandemic by the World Health Organization. Affecting approximately over 100 countries and territories, not only has it become a public health emergency, but with its growing effect and the precautionary measures being undertaken globally, it has also shaken the world economy; the effects of which are …
Moratorium relaxations extended by RBI in view of COVID-19
Introduction The Reserve Bank of India (RBI), with a view to soften the COVID-19 blow on the industry, has recently introduced a slew of measures to maintain the liquidity levels for the lending institutions and the borrowers.