Reserve Bank of India gets sweeping powers over stressed assets

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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…

Latest Briefings

Unprecedented sector changes for housing standards

By Karl Anders and Lucie Bryan The Homes (Fitness for Human Habitation and Liability for Housing Standards) Bill passed its Second Reading at the beginning of 2018. The Bill has support from both landlord and tenant-focused organisations, who are eager for it to pass into law. Housing Management and Litigation experts Karl Anders and Lucie Bryan […]

Anti-variation clauses: Valid after all

By Gwendoline Davies  In 2016 the Court of Appeal ruled that anti-variation clauses in commercial contracts had no legal effect and that contracts could be varied despite prior express restrictions to the contrary.  That has now been unanimously overturned by the Supreme Court in MWB Business Exchange Centres Ltd v Rock Advertising Ltd.  Walker Morris’ Head of […]

Social housing monthly law update – May 2018

By David Isaacson TLT’s monthly law update on all things affecting social housing Highlights this month include: ICO produces lawful basis interactive guidance tool Government consults on proposals to toughen rules on building safety Funding for supported housing: Government response published MHCLG announces plans for mandatory code of practice for letting and managing agents Land […]

GDPR enforcement and penalties: What you need to know

The General Data Protection Regulation will come into force on 25 May 2018 and brings with it new and improved regulatory powers for the Information Commissioner’s Office. What will this mean for businesses facing a data breach under the new GDPR regime?

cyber security

Dutch law firms together against cybercrime

A number of Dutch firms have announced they will work together to fight cybercrime and digital threats. This group, in the event of proven success, looks forward to connecting with other law firms…

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Kinstellar advises equity fund over formation of consumer electronics player

Kinstellar has successfully advised Genesis Private Equity Fund III on the formation of a strong player on the consumer electronics market. The owners of the respective companies have agreed to combine HP TRONIC, the operator of the Euronics retail chain and owner of the Kasa.cz and Hej.sk e-shops, with DATART, one of the biggest retail […]

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