ESG – Omnibus Package I CSRD & Taxonomy changes
Apr 16, 2025 – Background On 26 February 2025 the European Commission published a new package of proposals to simplify and reduce the reporting requirements under Corporate Sustainability Reporting Directive (CSRD), the EU Taxonomy (EUT), and the Corporate Sustainability Due Diligence Directive (CSDDD), the Omnibus package. This proposal marks an effort to enhance competitiveness and investment capacity, by decreasing administrative burdens and …
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Landmark decision on qualification of financial instruments & non-recognition of a foreign permanent establishment
Apr 24, 2025 – On 17 April 2025, the Luxembourg Higher Administrative Court (Cour administrative), delivered its long awaited decision on case n° 50.602C pertaining to the qualification of interest free loans under Luxembourg tax law and the existence of a permanent establishment in a treaty jurisdiction. With its decision, the Higher Administrative Court brings further clarity …
Why Works Contracts are not covered under the MSMED Act
Introduction to the MSMED Act The Indian legislature has enacted The Micro, Small and Medium Enterprises Development Act, 2006 (hereinafter referred to as “MSMED Act”) in order to facilitate the promotion, development and enhancement of micro, small, and medium enterprises (MSMEs), and to further enhance their competitiveness in the market.
Counterclaims and Beyond: A Comparative Analysis of the India-Uzbekistan Bilateral Investment Treaty and India’s Treaty practice
Samir Malik*, M. Shahan Ulla**, Aryan Mehta*** Introduction On 27th September 2024, India and Uzbekistan signed a Bilateral Investment Treaty (“the Uzbekistan BIT”) in Tashkent to bolster investment relations and create a more robust and resilient investment environment. This BIT has been in force since 15th May 2025, a culmination of trade relations that extend …
Determination of the competent arbitration in cases of defective arbitration clauses
Arbitration, as known, has become a popular method of dispute resolution. However, in practice, during the contract formation, the arbitration may be indicated incorrectly.
Registration Bill 2025: Breaking Colonial Legacy, Embracing Digital Governance;
As India marches toward its 100th year of independence in the year 2047, we have seen in the recent past that India is making attempts to shed off its colonial legacy. Be it replacing the Macaulay’s Indian Penal Code, 1860 and Sir James Fitzjames Stephen’s Indian Evidence Act, 1872 with Bharatiya Nyaya Sanhita and Bharatiya …
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The Minerals Agreement: new opportunities for American investors
Recently, the Agreement between the Government of Ukraine and the Government of the United States of America on the Establishment of a United States-Ukraine Reconstruction Investment Fund (hereinafter the “Agreement”) has come into force for Ukraine.
Car Ownership in the UAE Obligations Under the UAE Law
The UAE traffic laws are governed by Federal Decree Law No. 14 of 2024 on Traffic Regulation (“Law”). This Law lays down extensive provisions regarding the usage of public roads, the proper conduct of drivers of vehicles, requirements when applying for a driver’s license, and other traffic related requirements. Apart from this, the Law governs …
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“RECONCILIATION IS BETTER” An Initiative to Simplify Legal Proceedings and Promote Amicable Dispute Resolution.
The Dubai public prosecution has launched an initiative to improve the dispute resolution process in the Emirate. The “Reconciliation is Better” initiative has been introduced in order to promote the resolution of disputes through amicable ways. This initiative provides a straightforward and practical alternative to traditional legal proceedings that can be time consuming and expensive. …
Intellectual Property in the Age of Artificial Intelligence: Who Owns AI-Generated Creations?
“It’s not where you take things from – its where you take them to.” – Jean-Luc Godard