Asia Pacific

Llinks Client Alert – Cybersecurity, Data & Privacy(June 2021)

Llinks would like to share our views on the most recent hot topics and legal updates on the Cybersecurity, Data & Privacy with ” Llinks Client Alert – Cybersecurity, Data & Privacy(June 2021)

 

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Delhi Government’s Directions in relation to the Collection of School Fees

The Delhi Government, on July 1, 2021, issued Order PSB/2021/2165-21741(“Directions”) with the aim of preventing profiteering and commercialization by private unaided recognized schools of Delhi. The Directions were issued following the Order dated May 31, 2021 in WPC 7526/2021 (refer our article here) and interim Order dated June 7, 2021 in LPA 184/2021 of the Hon’ble High Court of Delhi (“Orders”) and further to the provisions of section 17(3) and section 18(4) of the Delhi School Education Act, 1973 (“DSE Act”). The Directions issued are applicable to 460 private unaided recognized schools of Delhi, as listed in Enclosure – I of the Directions.

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Exposure of Prosecution under the Indian Penal Code for Offences under GST

In the Matter of: Shri. Sentu Dey Vs. State of Tripura & Ors. [Crl. Petn. No.14/2021]

Forum: High Court of Tripura

Order Delivered on: May 28, 2021

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KKI COMMERCIAL TEAM ARE FINALISTS IN THE AUSTRALIAN LAW AWARDS

Kalus Kenny Intelex is thrilled to announce that their Commercial team has been short-listed for the prestigious Lawyers Weekly Australian Law Awards for 2021.

The team are finalists in the Commercial Team of the Year category.

The Australian Law Awards recognises and rewards lawyers and firms for their capabilities and passion for driving the industry forward. Read more…

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SEBI Introduces Amendments related to Appointment of Independent Directors and other Regulations

The Securities and Exchange Board of India (“SEBI”) has issued a press release1 (PR No. 22/2021) dated June 29, 2021 pursuant to its recent meeting held on June 29, 2021. Some of the key decisions impacting various regulations are as under:

  1. Review and Merger of SEBI (Issue and Listing of Debt Securities) Regulations, 2008 and SEBI (Non-Convertible Redeemable Preference Shares) Regulations, 2013 into a single Regulation – SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021. The provision of charge on the assets and properties of the issuer has been harmonized with the Companies Act. This will provide greater flexibility to the issuers for creation of charge.  
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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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