Avoid using vague terms such as ’amicable negotiations, ‘best undertakings’ or ‘good faith’. The interpretation of these terms during the disagreement period could be manipulated.
PRACTICAL APPROACH TO MULTI-TIERED DISPUTE RESOLUTION CLAUSE IN INDIA
Compliance and the Retail Sector: Thinktank
Retail outlets spread over several states necessitates the presence of a mechanism to deal with variance in state legislation on the one hand, and outsourced management on the other. Retail companies may have an operational checklist, it is not possible to execute without a centralised software that has a bird’s eye view of the compliance.
THE CONUNDRUM OF ARBITRATOR’S FEE – INDIAN AND GLOBAL PERSPECTIVE
The high fee charged largely by ex-judge arbitrators has brought disrepute to the entire arbitration biome in India and led to the repulsion of arbitration in India as being a more favourable jurisdiction.
BEING A CONSCIOUS BUSINESS : REFLECTIONS AGAINST THE MIRROR OF ESG
The current BRSR framework has been envisaged keeping in mind all the relevant factors from the viewpoint of stakeholders. However, there are certain grey areas which need immediate attention like the lack of sector specific information and straitjacket “yes/no” questions which could severely mislead a third party.
Round up of developments in Indian Gaming Laws – 2022
MeiTY has issued directions to Indian telecom service providers to block access to foreign / gambling platforms. However, the grounds on which MeiTY has ordered blocking of the websites is unclear.
NOMINATION – SHIFT OF RESPONSIBILITY – DIRECTOR TO OFFICER – LEGAL METROLOGY RULESNOMINATION – SHIFT OF RESPONSIBILITY – DIRECTOR TO OFFICER –
Background On 4th October 2022, the Legal Metrology (General) Rules, 2011 ("Rules”) were modified through the Legal Metrology (General) Amendment Rules, 2022 (“Amendment”). This Amendment brought about a welcome change in Rule 29 by creating a provision for shifting the ownership and responsibility of compliance with the Legal Metrology Act, 2009 ("Act”) read along with all... Continue Reading →
COMMERCIAL LAW BLOG 