News & Insights

The Ministry of Corporate Affairs, Government of India had proposed a relief package across the industries due to the impact of theCOVID-19 pandemic, the consequent lockdowns and their aftermath on economic activities. One of such measures was to suspend certain provisions of the Insolvency and Bankruptcy Code, 2016 (���IBC�۝) to protect the small and medium scale industries from a financial breakdown ultimately leading to their liquidation on account of the pandemic.

The European Union (���EU�۝) is a major source of revenue for the information technology and business process outsourcing industry in India. However, there are several challenges that India faces with respect to transfer of personal data from EU to India. Presently, the data protection regime in India does not provide the same level of protection as the data protection regime in the EU, in particular because the Personal Data Protection Bill, 2019 has not been enacted yet.

In drafting commercial contracts or agreements, it is common practice to include a section for 2 (two) witnesses to attest the document below the signature block containing signatures of the parties to the document, which brings to light the question ��� is it a legal requirement to have witnesses attest all contracts or agreements?

Indemnity is a special kind of contract by which one party undertakes to save the other party from losses caused due to its actions or actions of a third party. The former party is called ���indemnifier�۪ while the party enjoying the protection is called ���indemnified�۪. This article seeks to analyze the concept and scope of indemnity in Indian legislation and the factors which may be considered by parties while undertaking indemnity related obligations.