What is the structure of the Indian legal system, especially concerning litigation matters? India’s court system is primarily divided in three distinct streams, ie Criminal Courts, Civil Courts and Tribunals with High Courts and the Supreme Court exercising supervisory jurisdiction.
Governing the crypto ecosystem: G20 New Delhi Leaders’ Declaration and Communique by G20 Finance Ministers and Central Bank Governors ‘While cryptoassets are not yet a significant part of the global financial system, they have the potential to emerge as a source of systemic risk in specific jurisdictions if they gain traction for payments or retail …
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The advent of the Insolvency and Bankruptcy Code, 2016 (‘Code’) was a huge step by the Indian legislature towards providing a robust, market driven and time bound mechanism for the insolvency and bankruptcy process in India. Prior to the Code, the insolvency laws in India were scattered amongst various laws and judicial forums. However, the …
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Robust requirements to counteract cybersecurity incidents Introduction In the last few years, some of the biggest multinational companies (MNCs) have fallen victim to major cyberattacks affecting over a million individuals. While India does not have a dedicated law on cybersecurity at present, the applicable provisions on cybersecurity are somewhat fragmented under the umbrella legislation of …
The Indian insurance market is in an exciting phase of development. The market has always been considerably under-insured and this has always made India strategically important for international investors, but three key developments are driving further change. First, regulatory and market developments are facilitating greater M&A activity. Second, the emergence of new distribution channels is …
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India is the under-insured relative to other more developed economies and the Indian insurance market offers considerable growth opportunities. This has led to significant strategic and private equity investment in this sector in the past. Going forward, the growth story remains, but investment and M&A transactions will also be driven by certain critical regulatory issues …
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