India: new bankruptcy code, new challenges

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Amendments to the metrology rules

The Legal Metrology (Packaged Commodities) Amendment Rules, 2017 (Amendment Rules) issued on 23 June 2017 had introduced important amendments to the Rules, especially in relation to e-commerce entities. The Amendment Rules came into force from 1 January 2018. Some of the important amendments in relation to e-commerce entities introduced vide the Amendment Rules are as […]

Delhi: Institutional push to arbitration

The Indian government has been committed towards making India an international hub for arbitration, at par with international standards, one that would give comfort to investors and businesses…

India: Securities board circular on listed entities schemes of arrangements

The Securities and Exchange Board of India (SEBI) has issued a circular dated 3 January 2018 (Ref: CFD/DIL3/CIR/2018/2) (2018 Amendment Circular), amending certain provisions of the SEBI Circular dated 10 March 2017 (Ref: CFD/DIL3/CIR/2017/21) which laid down detailed guidelines and procedures for listed entities undertaking schemes of arrangements (2017 Circular)…

Mumbai: Tribunal upholds book-value based taxation

The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has delivered a ruling favouring the taxpayer (Amartara Pvt. Ltd v DCIT, ITA No. 6114/Mum/2016) (Ruling) which could impact corporate restructurings significantly and increase the popularity of LLP as a preferred form of entity for business…

Telecoms India: new regulations on interconnection

The Telecom Regulatory Authority of India had received several representations from various telecom service providers to review the existing regulatory framework for interconnection. Accordingly, TRAI issued a pre-consultation paper on 14 October 2015 and sought views of TSPs on specific issues…

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Landlord’s threats of legal action amounted to harassment of tenant

The recent Court of Appeal decision in Metropolitan Housing Trust Ltd v Worthington (1) and Parkin (2) alerts landlords to the risk of their dealings with tenants amounting to unlawful harassment.  Housing Management and Litigation experts Karl Anders and Lucie Bryan explain and offer practical advice, which will be of particular interest for social housing providers […]

Cabot SPR appeal: A welcome outcome for unsecured lenders in Scotland

Walker Morris partner Rob Aberdein explains an appeal allowed by the Sheriff Appeal Court which clarifies that the “interventionist and problem-solving approach” required of sheriffs under the new Simple Procedure Rules Simple Procedure Rules (SPR) for low value claims does not extend to undefended claims.  The appeal concerned a number of test cases and will […]

Industry responds to SME access to the FOS

The FCA last week published a suite of responses it has received to a consultation paper (CP18/3) released in January this year setting out the FCA’s proposed changes to the jurisdiction of the Financial Ombudsman Service (FOS) to open the FOS complaints resolution process to small businesses (SMEs). The fourteen responses published come from a […]

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Social media has many benefits, enabling us to keep in touch with old and new friends alike, sharing special moments with ‘followers’, organising events or tracking exercise progress. However, there is a dark side to the web.  Every click, post or search adds to your very own digital footprint, this leaves everyone vulnerable to exploitation. […]

Romanian companies will be able to distribute dividends on a quarterly basis

The Romanian Parliament recently approved the Law on the Amendment and Completion of the Accounting Law No. 82/1991, Amendment and Completion of the Companies Law No. 31/1990 and Amendment and Completion of Law No. 1/2005, on the organisation and functioning of cooperative companies. Before entering into force, the law will have to be promulgated by […]

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Mills & Reeve turnover grows 7% to record high £87.2m

Mills & Reeve has achieved record-breaking turnover of £87.2m during the 2015/16 financial year, after revenue increased 6.9 per cent from £81.6m. The increase is considerably larger than during the previous financial year when turnover grew 2.6 per cent from £79.5m. As a result of the strong performance the firm announced it would be issuing its […]

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