articles
Intellectual Property Rights
Issue of design-copyright interface – A ‘triable issue’
26 May 2014
The High Court of Madras, in a recent decision in the matter of Standard Corporation India Inc., v. Tractors and Farm Equipment Ltd [see end note 1].
Securities Laws
The perfect Share Purchase Agreement
16 May 2014
Share Purchase Agreements (SPA) come in different colors and shapes - long, short, detailed, complicated, conditional, two or multi-party. One common thread is the need to make SPAs balanced and most importantly, enforceable.
Centrica’s law on secondment of employees – Hurting hard UK companies
15 May 2014
By Sumeet Khurana & Ashish Karundia In this era of rapid globalization, the multinational companies (MNCs) are increasingly outsourcing ‘non-integral’ and ‘non-revenue generating’ (business support) functions to their subsidiaries or to third party vendors, located in low cost jurisdiction such
Direct Tax
Centrica’s law on secondment of employees – Hurting hard UK companies
15 May 2014
In this era of rapid globalization, the multinational companies (MNCs) are increasingly outsourcing ‘non-integral’ and ‘non-revenue generating’ (business support) functions to their subsidiaries or to third party vendors, located in low cost jurisdiction such as India.
International Trade & WTO
India’s stand before WTO as an instance of evidence in trade remedy investigations
08 May 2014
This article presents a short analysis of the recently issued final findings in the safeguard review investigation on imports of PX-13 also known as 6 PPD into India, issued by the Directorate General of Safeguards (“DG”) on 24 April 2014.
Intellectual Property Rights
Trademark – Prosecution under PMLA for alleged infringement
22 April 2014
In a new dimension to enforcement of trademark rights in India, the Enforcement Directorate (ED) of the Government of India has reportedly initiated action against two firms for allegedly infringing the registered trademarks of the public sector enterprise, Steel Authority of India Ltd. (SAIL).
Regulatory Laws
Sports law reforms in India – Agenda for 2014
21 April 2014
The United Nations estimates that 3% of the total economic activity globally emanates from sports. This is significant, given that most leading industries cannot boast of such a large impact on the world GDP. Further, the frenzy, patriotic fervor and passion generated by sports makes it the equivalent of war leading some legends like Bill Shankly to comment: “[football] wasn’t a matter of life and death, it was far more important”.
Intellectual Property Rights
Patents (Amendment) Rules, 2014 – Certain issues with the definition of small entities
24 March 2014
On February 28, 2014 the Indian Patent Office (IPO) notified the Patents (Amendment) Rules, 2014 (“Rules”).
Intellectual Property Rights
Patents Act – IPAB re-emphasizes compliance with Sections 14 and 15
24 March 2014
The Intellectual Property Appellate Board (IPAB) by its recent orders [see end note 1] dated 20th January, 2014 and 23rd January, 2014, set aside the orders of Assistant Controller rejecting the patent applications for a "sterile pharmaceutical composition" [see end note 2] and a "crystalline polymorph of a bisulfate salt of a thrombin receptor antagonist" [see end note 3] on grounds of lack of compliance with Section 14 and Section 15 of the Patents Act, 1970 (the Act) respectively.
Securities Laws
Voting rights of holders of depository receipts abroad
19 March 2014
Depository Receipts (DR) are negotiable securities issued outside India by a depository bank against underlying rupee shares that are issued by a company incorporated in India. The DR can represent a fraction, single or multiple shares of an Indian issuer company (‘the Company’).
Excise Valuation: Sales Tax – Incentive or Deterrence?
18 March 2014
Valuation under Central Excise law has always been one of the areas of dispute and it has again been brought to the fore front of discussions with the recent decision of the Supreme Court in the case of Super Synotex (India) Ltd and Others.
How relevant is the “relevant period” for credit distribution?
14 March 2014
Rule 7 of the Cenvat Credit Rules [‘Credit Rules’ for short] relating to distribution of credit by an Input Service Distributor (“ISD”) has always been a problem area of the Credit Rules.
International Trade & WTO
Provisional anti-dumping measures in India – A misused provision
07 March 2014
An anti-dumping investigation normally stretches for a period of 12 months, which upon due cause shown may continue up to 18 months from the date of initiation of the investigation.
Restraining legal proceedings - Recent trends
19 February 2014
The general law of contract recognizes promises made for consideration as legally enforceable agreements. However, it frowns upon certain promises and prohibits their enforcement, including those that are in restraint of legal proceedings.
Corporate Advisory
Rights of nomination
19 February 2014
A nominee in common parlance is understood as a beneficiary who has been so nominated to receive the benefit of a moveable asset (money) on the death of the person who is the owner of such asset and who has named the nominee in the relevant document.
Cenvat credit – Of mindset and (juris)prudence
18 February 2014
From excisability and manufacture to valuation, Union Excise Duties have witnessed pitched courtroom battles over the past few decades.
International Trade & WTO
Single rate for producers & exporters from NME countries – An analysis
18 February 2014
On December 3, 2013, China has requested for a consultation with the United States of America for certain methodologies in 13 anti-dumping measures imposed by USDOC against China (DS471).
R’BIting Bitcoins
29 January 2014
Currencies across the globe need to have universal application and acceptability and have been given sovereign validity, sanctity by the respective countries that issue them. Each country issues its own unique currency that is valid within its territory.
Regulatory Laws
The Real Estate Bill - An Overview
29 January 2014
The real estate sector in India, despite its large size and numerous players still remains outside regulatory purview and discipline and continues to be in the unorganized sector. One sided contracts in favor of the builder, large cash transactions, lack of standardization and quality and delay in delivery of completed projects continue to plague this unorganized sector.