Page 21 - Law Developments News Today

Introduction The concept of a core investment company (CIC) was first introduced by the Reserve Bank of India (RBI) in 2010. While, at that time, the RBI clarified that companies which invest in shares of other companies, even for the purpose of holding a stake in such company, should be regarded as carrying on the business of a non-banking financial institution, it specifically acknowledged that such class of non-banking financial institution should be afforded differential treatment. This led...

Unfortunately, it is not uncommon for third parties to try and trick others into paying a large sum for specific services, even in the IP field. If an IP owner receives a letter or invoice from an unknown party, it should check what is being offered and whether the source is trustworthy.

A recent Supreme Court decision regarding compulsory vaccination has sparked debate about employers' rights to request that their employees be vaccinated. The Supreme Court declared that COVID-19 vaccination in Brazil is mandatory. However, the authorities cannot directly force adults to be vaccinated against their will. It is likely that the majority of Brazilians will be vaccinated by the end of 2021, so employers should consider implementing internal vaccination policies as soon as possib...

The Consolidated Appropriations Act, which was enacted on 27 December 2020, requires drug manufacturers and licence holders to market biologic drugs and disclose all patents that cover their products to the Food and Drug Administration. By increasing transparency, the act aims to force manufacturers to conform to rules which have proven successful in promoting the development and use of small-molecule generic drugs.

The Standing Committee of the National People's Congress recently adopted the third amendment to the Copyright Law, which is the result of decade-long legislative efforts of the Legislation Office of the State Council and the National Copyright Administration. The amendment will enter into force on 1 June 2021. This article provides an overview of the key highlights of the new law.

Introduction On 6 January 2021 the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 (the DPI Law) came into effect, together with the Financial Services (Disclosure and Provision of Information) (Jersey) Order (the DPI Order) and the Financial Services (Disclosure and Provision of Information) (Jersey) Regulations (the DPI Regulations). The DPI Law affects Jersey companies, foundations, incorporated limited partnerships, limited liability companies, limited liabili...

Many companies are subject to a statutory activity and reporting obligation relating to equality and non-discrimination. The obligation is regulated in the Gender Equality and Discrimination Act, which imposes a mandatory working method on employers that includes documenting and managing risks of discrimination and obstacles to gender equality within companies. Many companies will have to spend time and resources on implementing sufficient systems and routines to comply with the new rules.

Introduction For many Guernsey tax-resident companies, the onset of the COVID-19 pandemic created difficulties in complying with economic substance requirements. Guernsey tax-resident companies carrying out certain relevant activities must comply with the substance requirements set out in the Income Tax (Substance Requirements) Implementation Regulations 2018 (as amended) (the regulations). In particular, these include requirements that a companys activities be "directed and managed" from Guern...

pollution prevention. Registration of a vessel or asset in a recognised and respected flag state may therefore be regarded as a form of quality assurance. In Norway, such government regulation is managed by the Norwegian Maritime Authority, which has approximately 12,000 vessels (both commercial and non-commercial) on its books, flagged under both the Norwegian Ordinary Ship Register and the Norwegian International Ship Register. Any vessel operating in Norwegian waters exceeding 15m in length,...

The Ministry of Environment and Energy recently announced the adoption of fiscal and structural measures aiming to secure the adequacy of funds on the special account for financing the renewable energy source (RES) projects operating in Greece and ensure the gradual adaptation of the RES industry to the recently launched operation of the electricity target model.