The India International Arbitration Centre (IIAC), established under the India International Arbitration Centre Act, 2019, promotes independent, autonomous, and world-class institutional arbitration in India. To position the country as a global arbitration hub, IIAC introduced the India International Arbitration Centre (Conduct of Arbitration) Regulations, 2023. Additionally, the Mediation Act 2023 aligns these regulations with internationalContinue reading “Mediation Act 2023: Enhancing Dispute Resolution in India”
Category Archives: Laws
Ethical Marketing in Pharmaceuticals: Key 2024 Guidelines
The Uniform Code of Pharmaceuticals Marketing Practices 2024 has been established to regulate interactions between doctors and pharmaceutical companies, preventing unethical marketing. It prohibits gifts and requires companies to adhere to ethical promotion, self-declare compliance, and face penalties for violations. Doctors must prescribe generic drugs, promoting rational drug use.
Term of the Day: Pari Passu
Pari passu is a Latin term meaning “on equal footing,” used in finance and law to indicate that multiple parties are treated equally regarding repayment and entitlements. It applies to situations like unsecured debt, syndicated loans, and contract obligations, ensuring equitable treatment among creditors, shareholders, and beneficiaries.
Understanding FRAND: A Guide to Fair Licensing
FRAND, meaning fair, reasonable, and non-discriminatory, is a licensing framework for standard-essential patents. It promotes competition, lowers consumer prices through scalable manufacturing, and encourages innovation via patent royalties. FRAND terms are crucial in various sectors, helping negotiate licenses and resolve disputes related to SEPs.
Legislative Advances in India: Alternative Dispute Resolution
The Government of India has enhanced Alternative Dispute Resolution (ADR) mechanisms through various initiatives and legislative reforms, including amendments to the Arbitration and Conciliation Act, establishment of the India International Arbitration Centre, and the Mediation Act. These efforts aim to streamline dispute resolution processes and improve the country’s business environment.
Understanding India’s New Criminal Laws: Highlights and Changes
The Bharatiya Nyaya Sanhita, Bharatiya Nagarika Suraksha Sanhita, and Bharatiya Sakshya Adhiniyam, effective from July 1, 2024, introduce comprehensive reforms in criminal laws. Key features include stricter punishments for crimes against women and children, victim-centric provisions, and technological enhancements in investigations. New offenses and provisions for community service and trials in absentia are also included, marking a significant shift towards a more just system.
Strengthening Cyber Crime Prevention in India
The central government of India is enhancing efforts to combat cybercrime, specifically digital arrest scams, by establishing the Indian Cyber Crime Coordination Centre (I4C) and launching awareness campaigns. It has blocked numerous SIM cards and accounts linked to scams and initiated public reporting through the National Cyber Crime Reporting Portal.
Achieving a Digital Legislative Environment with NeVA 2.0
NeVA 2.0 initiative aims at achieving a paperless legislative environment by digitalizing legislative processes across all States and UTs. NeVA 2.0, the upgraded version of the National e-Vidhan Application (NeVA), is a comprehensive initiative aimed at achieving a paperless legislative environment by digitalizing legislative processes across all States and Union Territories. It incorporates advanced featuresContinue reading “Achieving a Digital Legislative Environment with NeVA 2.0”
The Role of ESG in Sustainable Coal Mining
Impact of Global Environment, Social and Governance (ESG) Standards Global Environment, Social and Governance (ESG) standards emphasize reducing carbon emissions, managing waste, minimizing environmental degradation and governance impacts. For the coal industry, this means complying with environmental norms, adopting cleaner technologies and practices to reduce their carbon footprint. ESG standards focus on improving the social aspectsContinue reading “The Role of ESG in Sustainable Coal Mining”
Understanding Consumer Rights and Grievance Redressal in India
Advancing Consumer Rights in India: From Legislation to Digital Solutions Imagine a young couple in India, excited to purchase their first home appliance—a washing machine. After much research, they find what seems to be the perfect model at a great price. However, once they bring it home, the machine fails to work as expected, andContinue reading “Understanding Consumer Rights and Grievance Redressal in India”