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Co-authored by Shubhangi Pathak, Partner and Madhulika Iyer, Associate In furtherance of the recently notified IRDAI (Registration of Indian Insurance Companies) Regulations, 2022 (“Registration Regulations”), the Insurance Regulatory and Development Authority of India (“IRDAI”) has also notified the Master Circular…

Co-authored by Jhinook Roy, Partner and Junaid Lirani, Associate In the backdrop of UK’s Financial Conduct Authority (“FCA”) announcing in March 2021, that the London Interbank Offered Rate (“LIBOR”) would either cease to be provided by any administrator or would…

Co-authored by Manav Raheja (Senior Partner), Kanisha Vora (Partner), Avadhoot Potnis (Associate) The Ministry of Electronics and Information Technology released the much-awaited draft Digital Personal Data Protection Bill, 2022 (“Draft Bill”) on 18 November 2022, which is a more concise…

Co-authored by Somrita Chatterji (Partner) and Avadhoot Potnis (Associate) A Non-Disclosure Agreement (“NDA”) is a legal document signifying mutual consent of the parties to render certain information exchanged pursuant to a commercial transaction as confidential. An NDA safeguards sensitive information…

Authored by Zenia Cassinath (Principal Associate) Competition Commission passes two orders against Google for abuse of dominance and imposes collective fine of INR 2,274 crore. The Competition Commission of India (“CCI”) has, in a series of two orders dated 20th October…

Authored by Zenia Cassinath (Principal Associate) Drugs and Cosmetics Act, 1940 – Madras High Court holds that all the directors of a pharmaceutical company will be vicariously liable for the production/manufacture of sub-standard drugs and fastens criminal liability on them.…

Co-authored by Areez Gazdar (Principal Associate) and Nutash Kotwal (Senior Associate) India: Supreme Court to High Court - Refrain from stalling tender processes by issuing Writs even if it’s arbitrary or malafide, Petitioner may seek damages. The Hon’ble Supreme Court of…