Background: Recovering loans has always posed significant challenges for financial institutions in India. While these institutions are entrusted with the responsibility of recouping bad loans...

The inordinate delays in criminal trials have long been the bane of our society. With an aim to expedite the process, on February 23, 2024, three vital new laws were notified in India dealing with criminal justice, evidentiary standards and procedure in India, which were implemented with effect from July 1, 2024.

When the Securities and Exchange Board of India (Foreign Institutional Investors) Regulations, 1995 was in vogue, Non-Resident Indians (NRIs) were not allowed to register as Foreign Institutional Investors (FIIs) or sub – accounts.

With a view to liberalize and promote ease of doing business in India, the Central Government and the Reserve Bank of India (RBI) have simplified the existing framework for overseas investment by ...

The recently concluded Uzbek Arbitration Week was organized by the newly established Tashkent International Arbitration Centre to create awareness about its rules and its functioning, and how it can offer world class dispute resolution services...

On January 13, 2020, the CCI ordered an investigation into the alleged contravention of the provisions of the Competition Act, 2002 by Amazon Seller Services Pvt. Ltd. and Flipkart Internet Services Pvt. Ltd.

On December 23, 2019 the Delhi Government approved the Delhi Electric Vehicles Policy. On August 7, 2020, the Transport Department of the Government of Delhi has notified the Delhi EV Policy 2020 (Policy).

The 204th meeting of SEBI's Board was held in Mumbai on March 15, 2024 and a number of crucial decisions have been taken. Our alert details key issues which are relevant for Alternative Investment Funds.

In instances involving substantial values, specifically those with admitted claims surpassing INR 1000 crores, the aggregate admitted claims amounted to a staggering 8.78 lakh crores as of September 2023 (as reported in the IBBI Quarterly Report).

The much-awaited 12th Ministerial Conference of the World Trade Organization took place from 12 to 16 June 2022, resulting in a package of declarations and decisions on a variety of issues.

The effect of GST implementation is being felt on several other laws including the Customs Act, 1962. This article highlights via illustrations the strong interplay between GST and Customs in relation to international trade transactions.

On May 21, 2012, the SEBI Regulation, 2012 ("AIF Regulations") ushered in a new era for the private equity and venture capital industry.

The Hon'ble Delhi High Court, recently, in the matter of Union of India v. Bharat Serums and Vaccines Limited, has interpreted Paragraph 20 of the Drug (Pricing Control) Order, 2013 which relates to monitoring of prices of non- scheduled formulations.

An arbitration award, much like a decree of a Court, must adhere to the principles of natural justice, which form the plinth of the justice system in India. Maneka Gandhi v. UOI has settled the law viz. an unreasoned order is null and void, ...

Inherent in an arbitration proceeding is the concept of confidentiality. It is one of the key contributing factors to an increasing number of parties – particularly multinational...

Sections 73 and 74 of the Central Goods and Services Tax Act, 2017 ('CGST Act') contain provisions for determination of tax short paid or not paid and the process...

On 8th October, 2021, the OECD/G20 Inclusive Framework on BEPS issued a "Statement on a Two Pillar Solution to Address the Tax Challenges Arising from the Digitisation of the Economy" .

The 'recommendations' of the GST Council are a product of a collaborative dialogue involving the Union and States and are recommendatory in nature.

The decision of the Bombay High Court is also in consonance with the intent and purpose of the EPCG scheme which is to accelerate exports from India.

Given below are some key news updates from the past week pertaining to international trade and customs both from India and around the world.