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  • Analysis of the IBC Amendment Ordinance, 2018

    Analysis of the IBC Amendment Ordinance, 2018

    Published: 20 Jun 2018

    It has been almost a year and half that the Insolvency & Bankruptcy Code ('Code') aimed at solving and easing out insolvency process was enacted. An unprecedented framework was established with this as the board of directors of the company was dissolved, a moratorium was effected, Committee of Creditors was made in-charge of the day-to-day affairs of the company and a new institution / profess...

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  • Grace Period in Japan extended from 6 months to 1 year

    Grace Period in Japan extended from 6 months to 1 year

    Published: 19 Jun 2018

    Grace Period in J Article 30 of the Japanese Patent Law defines “Exceptions to lack of novelty of invention”. Under the current Japanese patent law, there is a 6 months grace period for an invention that has lost its novelty against the will of the inventor or due to the inventor’s own act. However, the Japanese patent law has been revised, and the new grace period is 1...

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  • Towards better governance - restrictions on independent directors' relatives

    Towards better governance - restrictions on independent directors' relatives

    Published: 19 Jun 2018

    In the corporate world it is common practice that relatives of promoters and even independent directors are conferred with contracts, loans and so on. This practice is considered to be one of the main causes for the prevalence of monopoly and fraudulent acts in the company management. To put an end to this practice, the Ministry of Corporate Affairs has amended the Companies (Appointment and Qua...

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  • Clipping fleeing fraudsters' wings

    Clipping fleeing fraudsters' wings

    Published: 18 Jun 2018

    The Ministry of Corporate Affairs (“MCA”) is deliberating the proposal of gathering the information related to the passports of the persons acting as directors on board of directors of Indian companies with the objective to restrain the fraudsters from absconding the nation to foreign territories. This proposal has garnered prominence following the flurry of incidents of corporate fraudsters abs...

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  • LEGAL REGULATIONS OF CRYPTOCURRENCY IN USA

    LEGAL REGULATIONS OF CRYPTOCURRENCY IN USA

    Published: 18 Jun 2018

    With no doubt crowdsale is one of the most discussed topics in the world today. Of course, this is a great alternative to venture funds. Therefore, this way of investing will necessarily be considered at the legislative level. In order to register crypto exchange in America, it is necessary to comply with a number of conditions, where the released token can be considered as a security or currenc...

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  • 2018 Global Law Experts Annual Awards

    2018 Global Law Experts Annual Awards

    Published: 18 Jun 2018

    Global Law Experts Annual Awards 2018 - "I am pleased to confirm that you and your firm have been chosen as the winner in the category - Litigation Law Firm of the Year in Romania – 2018". During the recommendations stage we received over 180,000 responses from business directors, in-house legal counsel, independent law firms, high net-worth individuals, bar...

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  • Prohibited advertising – No bread roll vouchers at pharmacy

    Prohibited advertising – No bread roll vouchers at pharmacy

    Published: 18 Jun 2018

    Pharmacies are bound by a uniform sales price for prescription medications. Even small additions to the price of medicinal products can constitute a violation of competition law. Consumers may well think receiving vouchers for the bakery at the pharmacy is a nice idea, but it is problematic from a legal perspective. This is because the price markup constitutes a violation of the Heilmittelwerbeg...

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  • Ensuring reliable, uniform valuation norms

    Ensuring reliable, uniform valuation norms

    Published: 15 Jun 2018

    The Ministry of Corporate Affairs (MCA) is mulling on the prospect of drafting valuation standards for listed and unlisted companies. This would be done to establish uniform guidelines for defining the process to be adopted in relation to valuation of the listed and unlisted firms. The factor that contributed to the prospect of drafting valuation standards is that the diversified practices are b...

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