A third party who independently provides funds to parties for a dispute in exchange of a fraction of monetary rewards that is recovered from the proceedings is called Litigation Financing. It is also referred as Third Party Funding (TPF). This type of funding adjudges the value of legal claims even before they can be recovered […]
The term Artificial Intelligence itself explains that technology having human capabilities of performing tasks that require human intelligence. This topic is intuitively interesting that one day our disorderly, frenzied human disputes will be determined by the calm, all-knowing logic of a fair and neutral electronic decision maker. While the concept may be appealing, this jump […]
On account of the Pandemic outburst of COVID-19, the Central Government declared a complete lockdown from 25th March, 2020 onwards in various phases. In subsequent lockdown, the Ministry of Home Affairs vide Guidelines dated 15th April, 2020, issued relaxations for Special Economic Zones (SEZs) wherein the Government from 20th April, 2020 allowed operations of Manufacturing […]
The Directorate General of Foreign Trade, vide Public Notice No. 08/2015-20 dated 1st June, 2020, provided the following relaxations to the exporters: Increased validity of Duty Credit Scrips Original Validity: Duty Credit Scrips issued under Chapter 3 of the FTP 2015-20 are valid for 24 months from the date of issuance. Extended Validity: 30th September, […]
COVID-19 has had a major impact on contractual obligations all across the globe. The Pandemic has brought the world to a standstill. With nation-wide lockdowns being imposed in countries across the globe, the world is facing an economic crisis. Parties have been unable to fulfill their Contractual obligations. The Pandemic has proven as a true […]
Due to the adverse effects of COVID-19 on the economy, the Government has released several relief measures to increase liquidity in the economy. Prominent measures have been announced pertaining to the Employee’s Provident Fund Scheme.
Under GST Law, Section 9 of the CGST Act, 2017 and Section 5 of the IGST Act, 2017 empowers the Central Government to notify such goods and services on supply of which the recipient shall be liable to pay applicable GST under the Reverse Charge Mechanism.
A petition under Section 34 of the Act is only for setting aside an Arbitral Award on the limited grounds provided under Section 34 of the Act. Therefore, the mere pendency of Section 34 proceedings cannot afford a ground for a party to assert that it has a dispute regarding contractual performance.
Union Minister of Finance & Corporate Affairs Ms. Nirmala Sitharaman announced the Economic Package in order to focus on; – land, labour, liquidity and law.
Introduction Lockdown 4.0 was in effect from 18.05.2020 till 31.05.2020. It also brought relaxations in working but with a challenge to curb the spread of COVID – 19. The Government through the Ministry of Home Affairs issued Order No. 40-3/2020-DM-I(A) has laid down fresh guidelines to govern the Country’s functioning. CHALLENGES It becomes necessary to […]
