Asia Pacific

LexCounsel wins Indian Law Firm Award 2021 for Education

We are pleased to inform you that LexCounsel has won the annual Indian Law Firm Award 2021 in the practice area of ‘Education’.

The awards were announced by India Business Law Journal (“IBLJ”), a Hong Kong based Vantage Asia publication. Details are available at Indian Law Firm Awards 2021 | India Business Law Journal

The Firm has been selected based on the rigorous research of the IBLJ’s team after receiving nominations and reference checks from the clients of the Firm.

In the recent past, the Firm has been honoured with many prestigious awards including the following:

• ‘Technology, Media and Telecommunications Law Firm of the Year’ at the BW Legal World-Global Legal Summit

    and Legal Leaders Award-2020 by the Business World Group;

• ‘Private Equity Law Firm of the Year’ at the BW Legal World-Global Legal Summit and Legal Leaders Award-2020;

• ‘Corporate & Commercial’ in the Indian Law Firm Awards announced by India Business Law Journal’s 2020;

•“Best Life Science & Healthcare Law Firm – India” in the 2020 edition of the APAC Legal Awards; and many more.

These are huge milestones for the Firm, encouraging our team members to continue providing responsive and effective legal support to our clients across the world.

We are grateful to all our clients and well-wishers for their continued support and trust in us.

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Kalus Kenny Intelex’s Sven Burchartz shortlisted for Lawyers Weekly’s Partner of the Year Awards 2021

Kalus Kenny Intelex, the ILN’s Australian member, is thrilled to announce that Sven Burchartz has been short-listed for the prestigious Lawyers Weekly Partner of the Year Awards 2021.

Sven has been named as a finalist in both the Commercial Partner and Litigation Partner categories.

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Model Tenancy Act, 2021

Introduction of the Model Tenancy Act, 2021:

The Union Cabinet, on June 2, 2021, approved the Model Tenancy Act, 2021 (“Tenancy Act”) for circulation to all States and Union Territories for adaptation by way of enacting fresh legislation or by suitably amending the existing rental laws. According to the Government’s press release, the Tenancy Act aims at “creating a vibrant, sustainable and inclusive rental housing market in the country” to promote creation of adequate rental housing availability for all income groups. More so, the Tenancy Act is intended to overhaul the Indian legal framework in relation to rental housing and institutionalise rental housing by creating a Rent Authority (i.e., an officer appointed under the Tenancy Act) for reporting renting arrangement.

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Ahlawat & Associates – Award Announcement

Ahlawat & Associates have been recognized by India Business Law Journal (IBLJ) for our excellence in legal advice to startups, globally. IBLJ quotes that “The winning law firms in this area have shown their nuanced understanding of startup culture and know how to operate nimbly while offering competitive pricing.”

A&A’s startup legal team continues to assist start-up company’s to adhere to the regulatory compliances and skillfully draft appropriate contracts for them to maintain good working relationships with customers, vendors, employees and others while simultaneously protecting their intellectual property rights. We aim to revolutionize the approach taken by Startups, in a way that our clients seek our services at every step without having to worry about exorbitant legal costs.

The results of India Business Law Journal’s 2021 Indian Law Firm Awards could be accessed here.

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HKEx’s consultation conclusions on Main Board Profit Requirement

On 20 May 2021, the Stock Exchange of Hong Kong Limited (the “HKEx”) published conclusions (the “Consultation Conclusions”) to its 27 November 2020 consultation paper (the “Consultation Paper”) proposing to substantially increase the profit requirement(the “Profit Requirement”) for listing on the Main Board, which is expected to have significant impact on listing applications by small-to-medium sized enterprises (the “SMEs”). After considering and balancing the needs and interests of stakeholders and the public at large, HKEx, in consultation with the Securities and Futures Commission (“SFC”), has decided to increase the Profit Requirement by 60%, from an aggregate profit of HK$50 million for the three immediate preceding financial years to HK$80 million (the “Modified Profit Increase”), to be effective on 1 January 2022. Read more…

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Decks cleared for creditors to recover remaining debt from personal guarantors despite the conclusion of the Corporate Insolvency Resolution Process (CIRP)

In a landmark judgement passed by the Hon’ble Supreme Court on 21.05.2021 in a transfer case bearing no. 245 of 2020 titled Lalit Kumar Jain vs Union of India & Ors., the Hon’ble Supreme Court upheld the notification dated 15.11.2019 issued by Central Government vide which few provisions of the Insolvency & Bankruptcy Code, 2016 with respect to the personal guarantors of the Corporate Debtors had come into force.

The effect of upholding the said notification is that Banks / Financial Institutions can recover their outstanding dues independently from the personal guarantors even after the conclusion of the Corporate Insolvency Resolution Process.

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Llinks Client Alert – Commercial IP(March-April 2021)

Llinks would like to share our views on the most recent hot topics and legal updates on the Commercial IP with ” Llinks Client Alert – Commercial IP(March-April 2021)“.

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Impact of 2nd Draft of PI Law and Data Law on Multinational Financial Institutions

In April 2021, the Standing Committee of the National People’s Congress announced the release of the 2nd draft of the Personal Information Protection Law (the “PI Law”) and the 2nd draft of the Data Security Law (the “Data Law”) for public consultations. The release of the two drafts indicates a further step toward the establishment of a comprehensive data protection system in China and will have significant impact on multinational financial institutions. Read more…

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New Traffic Rules of the “E-Commerce Express Lane”- A Briefing of the Online Transaction Supervision and Administration Measures

In recent years, with the development of e-commerce and online payment, online shopping has become an indispensable part of people’s lives. The pandemic further boosts the development of e-commerce, and the booming of phenomenal business models such as livestreaming marketing gets into full swing. Lagging in legal systems has caused dilemmas in law enforcement, such as: how to determine new types of participants such as online streamers, how to allocate legal responsibilities of online platforms, how to exercise accommodative and prudential regulation, and how to protect consumer rights. Read more…

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Applicability of GST on Brand Name

In the Matter of: Sarvasiddhi Agrotech Pvt. Ltd. [WP(C) No. 279/2021]

Forum: High Court of Tripura

Order Delivered on: April 20, 2021

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