Taxes are indispensable to the functioning of any economy, and provide governments with requisite funds to run the country. However, tax rates are more than mere digits, and have a profound impact on countries, as they play a pivotal role in attracting investment and putting places on the global business [...]
India, as one of the world’s most populous countries and a significant emitter of greenhouse gases, faces a complex set of challenges in addressing climate change through its existing legal framework. India being a signatory to global environmental agreements, coupled with its environment laws and emerging climate and environment litigation, [...]
On August 11, 2023, India enacted the Digital Personal Data Protection Act, 2023 (“DPDPA”). In the context of the rapidly expanding digital economy, DPDPA holds significant relevance for numerous international businesses operating in India, depending on Indian service providers, or exploring opportunities in Indian markets. The DPDPA aims to replace [...]
Introduction To say that we live in a world marked by uncertainties and marred by conflict won’t be an understatement in the slightest. In the present day and age where multiple countries are grappling with challenges like wars, civil unrest, and collapsing governments, there is not a single aspect of [...]
The Prevention of Money Laundering Act (PMLA), 2002 is one of the most controversial special penal statute enacted in India, among others namely, Defence of India Act, 1962; Unlawful Activities (Prevention) Act, 1967; Maintenance of Internal Security Act, 1971; Terrorists and Disruptive Activities (Prevention) Act, 1987; and Prevention of Terrorism [...]
Introduction With the advent of globalization towards the end of the 20th century, the world has become seemingly compact, with geographical borders getting more and more blurred by the day. In the current era of widespread international trade, innovation is key in sustaining your business venture. This is exactly where [...]
In India, the legal framework governing insolvency and bankruptcy has undergone significant changes with the introduction of the Insolvency and Bankruptcy Code (IBC) in 2016. One of the critical aspects of this framework is the treatment of secured creditors in resolution plans. The ability of resolution plans to extinguish the [...]
Introduction In a constantly evolving world, one phenomenon which seems to have remained unchanged is human mobility. The world has been witnessing increased human movement, which can be attributed to multiple needs varying from person to person; mainly a better lifestyle, education, working conditions, and most importantly, a sense of [...]
Third-party funding (TPF) refers to an arrangement between a litigant and independent third party for financing the dispute resolution process, wherein it is mutually agreed that in an event of success, the third-party would get a share of the monetary award or damages received by the litigant, out of the [...]
Introduction Banks have always been an integral part of the global financial system. However, fintech companies have steadily taken over the scene, which can be contributed to multiple factors such as digitalization, declining trust in the banking system, easy access to funding, and the increasing popularity of start-ups and tech-backed [...]