Co-authored by Shubhangi Pathak and Aashna Soman The Insurance Regulatory and Development Authority of India (“IRDAI”) has been instrumental in shaping the regulatory framework governing the Indian insurance sector. Recently, by way of a press release dated 24 January 2024,…
Authored by Anju Jain Kumar, Gunjan Jadiya, Hriday Chokshi Outline Increasing number of copyright claims in the United States and other countries, challenging use of in-copyright works in machine learning and AI generated output. Increasing trend of countries introducing exceptions…
Co-authored by Anju Jain Kumar and Zenia Cassinath On 12th March 2024, the Ministry of Corporate Affairs published the report of the Committee on Digital Competition Law (“CDCL”), which includes a draft of the proposed Digital Competition Bill, 2024 (“DC…
Authored by Zenia Cassinath (Principal Associate) Vide two notifications dated 7th March 2024, the Ministry of Corporate Affairs has (i) enhanced the wholesale price index of the monetary thresholds provided under Section 5 of the Competition Act (“Act”) (“Jurisdictional Thresholds”)…
Authored by Zenia Cassinath (Principal Associate) The Competition Commission of India (Determination of Turnover or Income) Regulations, 2024 (“Turnover Regulations”) and the Competition Commission of India (Determination of Monetary Penalty) Guidelines, 2024 (“Penalty Guidelines”) were introduced with effect from 7th…
Authored by Zenia Cassinath (Principal Associate) The commitments and settlements regime, under the Competition Act 2002 (“Act”) (as amended) was brought into force with effect from 6th March 2024. These changes were implemented through the simultaneous enforcement of certain provisions…
Co-authored by Zenia Cassinath (Principal Associate) and Gunjan Jadiya (Associate) The new leniency regime, under the Competition Act 2002 (“Act”) (as amended) was brought into force with effect from 20th February 2024. These changes were implemented through the simultaneous enforcement…
Co-authored by Zenia Cassinath (Principal Associate) and Vrinda Gundam (Associate) On 19 May 2023, various provisions of the Competition (Amendment) Act, 2023 (Amendment Act) were brought into force with effect from 18 May 2023. Set out below is a brief overview…
Co-authored by Manav Raheja, Co-authored by Jhinook Roy (Partner) and Swasti Patoria (Associate) Potnis, Hriday Chokshi and Samarth Srivastava The Reserve Bank of India has recently introduced directions on 13th September 2023 to streamline practices by all Commercial Banks (excluding Payments…
Co-authored by Manav Raheja, Avadhoot Potnis, Hriday Chokshi and Samarth Srivastava The Indian Government recently introduced the latest version of the Digital Personal Data Protection Bill, 2023 (“Bill”) in the Lok Sabha (Lower House of the Parliament). The Bill was…
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