Over 26000 clauses can be used to put entrepreneurs in jail, Govt drops plans to levy TCS on overseas payments and more..
Stay Informed, Stay Ahead
Hey Legal Scroll Family,
Welcome to the latest issue of the Legal Scroll, your dose of legal awesomeness for the week.
While the discussions around the uniform civil code refuse to die, the past week saw some important news, updates, and regulatory changes. Some of the top news items this week were international watchdogs finding that law firms are hot targets for hackers due to the amount of sensitive data available, and the Indian government on Wednesday dropped plans to levy TCS on overseas payments made using international credit cards.
In an eye-opening report by TeamLease RegTech and Observer Research Foundation, it was found that while the Indian government is pushing for ease of doing business in India, over 26000 clauses can be used to put entrepreneurs in jail.
Apart from news and blogs, don’t forget to visit the jobs section if you are looking for a switch.
In our list of interesting articles and conversation read about how Chatgpt was being used as a replacement for lawyers by an individual who was suing someone and the opposing counsels were none the wiser and telling off Partners as an intern.
Don’t forget to check the “In this Email“ section to get a quick overview of the more such interesting stories, articles and updates which made it to this issue of our newsletter.
To all our new subscribers, a warm welcome! Gone are the days of scouring multiple websites to stay up-to-date. We find and compile the most interesting updates on Indian business law, creating a one-stop resource just for you. Expect to find a wealth of information on deals, transactions, job switches and appointments, legal jobs, legal tech innovations, and much more to stay informed and stay ahead of your competition.
In this Email
News and Updates: Hackers targeting law firms, biomass co-firing policy, TCS on overseas credit card spends, Legal Battle for Net Neutrality in India, GIFT City’s promise for family offices, listing, voluntary delisting of NCDs, Sebi to reduce time period for listing shares and more
Law Firm Blogs: Petcare sector:Legal insights, Mergers on a Fast-Track, Regulating corporate corruption, Scope of CCI’s Jurisdiction, Opportunities for FinTech entities in Gift City and More
The Inhouse Scroll: Building and Implementing Effective Outside Counsel Guidelines, Working Effectively with Outside Counsel Checklist
LS Deals: Tracking some of the major deals/Transactions by law firms this week for companies like Adani Enterprises, Ebene, Aether Industries, Edelweiss, Lightspeed Venture Partners, Kalaari Capital and more
Legal Jobs: Jobs at companies like Oceaneering, Standard Chartered Bank, Directorate of Revenue Intelligence, Godrej Capital, Barclays and more
Scrolling Events: Structuring Private Business Acquisitions, Competition Law Concepts and their Relevance in Commercial Contracts, Role of Legal & Regulatory Compliances in Real Estate
LS Switch: Lawyer appointments, promotions and moves this week
Across the Web: Articles from across the web on - Estate Planning: Lessons from Madonna, Jamie Foxx and Pete Davidson, Canada, partners take Iran to International Court of Justice over downed jet, China's Shein files for U.S. IPO
Legal Tech: What Law Firms Need To Know About Building A Modern and Secure Data Infrastructure and Top legal technology trends in 2023
That's Interesting: Man uses ChatGPT as a lawyer to sue someone, When impersonating a lawyer doesn’t work as planned, Telling off partner as an intern
Humour Me Legal: Legal meme of the week
Send in your articles and get it read by 10,000+ lawyers and corporates from India
News and Updates
French, UK watchdogs say hackers-for-hire are targeting law firms. Read More
Arbitrator view sacrosanct, should not be substituted with alternate opinion of court on review of evidence: Calcutta High Court. Read More
SC to examine whether Resolution Professional will be considered public servant under graft laws. Read More
Google asks Supreme Court to quash CCI's Android directives. Read More
Power Min revises biomass co-firing policy. Read More
Govt drops plans to levy TCS on overseas credit card spends. Read More
Government keeps interest rates for popular small saving schemes unchanged. Read More
Credit card spends overseas not to be included in LRS: Govt notification. Read More
The Legal Battle for Net Neutrality in India: Protecting an Open Internet. Read More
Competition Commission only following laid down procedures in Air India-Vistara merger. Read More
Gujarat Regulator Proposes Green Energy Open Access Regulations. Read More
Unlocking global diversification: GIFT City’s promise for family offices. Read More
Govt notifies draft rules for India's 'Green Credit' scheme — 'meant to incentivise voluntary action'. Read More
Why Google has appealed NCLAT’s order in an antitrust case. Read More
BIS Plans Common Building Rule For Entire India. Read More
Will stick to tighter norms for financial companies: RBI. Read More
Over 26,000 clauses can be used to put entrepreneurs in prison, finds report. Read More
New Assisted Reproductive Technology regulations push up cost of treatment, limit conception opportunities. Read More
India Embraces Stronger Cybersecurity Regulations, Says Cloudflare Chief Technologist. Read More
Regulatory force: Tech titans bow to CCI whip. Read More
Digital India Bill draft bill likely to open for public consultation within 15 days. Read More
Regulatory body tells OTT platform ULLU to take down content. Read More
Explained: How a Uniform Civil Code will impact succession and tax laws. Read More
EU’s planned due diligence law sparks unease in India. Read More
Cigarette lighter policy revised: Check new rules here. Read More
A new regime: On the Emergency Use Authorisation regime in India and clinical trials. Read More
‘A dynamic process’: Indian lawyers welcome government initiative to reform arbitration regime. Read More
Six years of GST-I: How the new tax regime changed indirect taxation. Read More
I-T dept launches tax-evasion probe against social media influencers. Read More
Sebi finalising draft discussion paper over guidelines for 'finfluencers'. Read More
Sebi promises new rules on TER regulations for mutual funds. Read More
Sebi brings in provisions for listing, voluntary delisting of NCDs. Read More
Irdai plans risk-based supervision pilots. Read More
Sebi notifies rules allowing PE funds to sponsor mutual fund houses. Read More
Public issues: Sebi to reduce time period for listing shares to 3 days. Read More
Sebi tweaks framework for upstreaming of client funds by brokers to clearing corporations. Read More
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Legal Blogs & Opinions
Topics like legal insights on the Pet Care Sector, Evolving Jurisprudence of Environmental Compensation, Regulating corporate corruption, New Compliance Obligations around Virtual Digital Assets and many more topics were explored by some of the leading professionals which they contributed in the form of articles and blogs.
Here’s our round up of some of the choicest articles written by law firms and legal professionals across India on various regulatory and sector updates.
SEBI strengthening governance and protecting minority shareholders. By Abhishek Guha & Amrita Ghosh. Read More
The (Pawsome) Pet Care Sector: Legal Insights. By Sreetama Sen, Biplab Lenin, Shubhaankar Ray and Anshul Butani. Read More
What is the Cost of Environmental Breaches? A Look at the Evolving Jurisprudence of Environmental Compensation. By Jyoti Dastidar, Sukanya Singh & Ashima Sharma. Read More
Regulating corporate corruption. By Alina Arora & Apurva Zutshi. Read More
BAR: The Unfulfilled Promise of AAR? By Deepak Chopra, Anmol Anand and Priya Tandon. Read More
Time spent in contractually mandated pre-arbitral negotiations not excluded – SC in B&T AG v Ministry of Defence. By Indranil Deshmukh, Gathi Prakash Karrah and Darshan Furia. Read More
The Indian Anti-Money Laundering Regime: New Compliance Obligations around Virtual Digital Assets. By Vijayendra Pratap Singh and Raghav Seth. Read More
Bridging the Regulatory Gap for Financial Influencers in India. By Nidhisha Garg. Read More
Mergers on a Fast-Track. By Ravi Shah, Devanshi Dalal and Dhwani Shah. Read More
The Supreme Court of India and Delhi High Court Clarify the Scope of CCI’s Jurisdiction. By Avimukt Dar & Unnati Agrawal. Read More
M&A Transactions : Notable Structuring Considerations. By Harman Walia, Sanjana Mathur & Aman Gupta. Read More
Delhi High Court analyses the validity of a design; holds the defendant liable of design piracy. By Mehak Parvez. Read More
IRDAI publishes Information and Cybersecurity Guidelines 2023. By Anuj Bahukhandi and Priti Singh. Read More
Interplay of India's carbon pricing schemes with European Union carbon border tax - impact on Indian exporters. By Sudipta Bhattacharjee, Jyoti Sinha, Pavi Jain, Ishrita Bagchi & Neelam Tripathi. Read More
Opportunities for FinTech entities in Gift City. By Neetika Ahuja and Shubham Tandon. Read More
Decoding SEBI’s Master Circular for Investment Advisers and Research Analysts. By Anu Tiwari and Sara Sundaram Read More
Can The Downward Revision Of Subsidies In The Electric 2-Wheelers Cause A Downward Spiral? By Puspak Chamariya and Deepak Kumar Thakur. Read More
Send in your articles and it read by 10,000+ lawyers and corporates from India
The Deal’s Scroll
A list of some of the prominent deals and transactions by law firms this week
Trilegal Advises On Block Trade Of Equity Shares In Adani Enterprises And Adani Green Energy. Read More
MHCO acts on collaboration between IG International and Rijk Zwaan India Seeds. Read More
DSK Legal Acted & Advised DS Kulkarni Developers Limited in its Corporate Insolvency Resolution Process. Read More
Khaitan & Co Acts As Indian Legal Counsel To Client Ebene. Read More
Trilegal represented the BRLMs on the QIP of Aether Industries. Read More
Khaitan & Co Acts As Legal Adviser To RattanIndia Power. Read More
Shardul Amarchand Mangaldas Advises JC Flowers. Read More
Indus Law Advises Edelweiss Financial Services. Read More
AZB & Partners advised TPG India Investments II, Inc. Read More
CAM acted as counsels to Cyient DLM Limited on its pre-IPO fundraising. Read More
Khaitan & Co Advises Lightspeed Venture Partners And Kalaari Capital Partners. Read More
Legal Jobs
Senior Legal Counsel at Oceaneering, Chandigarh. Apply Now
General Manager – Legal Head at Vodafone Idea Ltd, Gujarat. Apply Now
Legal Associate at Standard Chartered, Bangalore. Apply Now
Junior/Senior Standing Counsel at the Directorate of Revenue Intelligence, Multiple Locations. Details
Assistant Manager Legal at Godrej Capital, Mumbai. Apply Now
National Lead – Legal at Bajaj Finserv, Pune. Apply Now
AVP-Markets GCS Legal at Barclays, Mumbai. Apply Now
Scrolling Events
Webinar: Structuring Private Business Acquisitions
Date: 28th July, 2023
Register HereWebinar: Competition Law Concepts and their Relevance in Commercial Contracts.
Date: 4th July, 2023
Register HereThinking Ahead: Role of Legal & Regulatory Compliances in Real Estate
Date: 6th July, 2023
LS Switch
A round up of job switches / hires/ moves of legal professionals this past week.
Tushar Mehta re-appointed as Solicitor General for India, six ASGs for Supreme Court re-appointed. Details
Aarthi Sivanandh to head AZB & Partners in Chennai. Details
Shania Elias joins ICC India as Deputy Director for Arbitration and ADR in India. Details
Arya Mathew joins Adecco Group as Director Legal & Compliance. Details
Akshay Malhotra joins TT&A as Partner in Projects, Infrastructure & Energy. Details
Shilpa Sharma Establishes Counsel And Council Law Firm. Details
The Legal ‘Tech’ Scroll
What Law Firms Need To Know About Building A Modern and Secure Data Infrastructure. Read More
Top legal technology trends in 2023. Read More
New York Times Piece on Using AI to Study Rather Than to Cheat has Great Lessons for Lawyers. Read More
The In-House Scroll
Building and Implementing Effective Outside Counsel Guidelines. Read More
Working Effectively with Outside Counsel Checklist. Read More
Across the Web
Google to block news links in Canada over law on paying publishers -statement. Read More
Canada, partners take Iran to International Court of Justice over downed jet. Read More
China's Shein files for U.S. IPO -sources. Read More
Estate Planning - Lessons from Madonna, Jamie Foxx and Pete Davidson no one expects a medical emergency. Read More
That’s Interesting
A collection of amusing, weird, some downright funny and some insightful conversations and articles which caught our attention across the world wide web.
Man uses ChatGPT to sue someone, the opposing lawyers assume his legal strategy, petitions, documents, affidavits, etc, he has sent in during this whole debacle could only be coming from another lawyer. Read it Here
When impersonating a lawyer doesn’t work as planned. Read it Here
Telling off partner as an intern. Read it Here
Humour Me Legal : Meme of the Week
As usual, if you want to give us any heads up of worthy legal resources to include next week, you want to be featured, share an article/blog, sponsor or any feedback of anything to improve in the legal scroll, just reply to this email and let us know or drop an email to thelegalscroll@gmail.com!
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