FoxMandal Real Estate Team Assists North Bengaluru Project
Developer
FoxMandal, one of India’s oldest full-service law firm, recently advised and assisted Merusri Developers in respect of its real estate development project for a land parcel admeasuring 16,187.4 square meters (approx.) in Bychapura locality near Kempegowda International Airport situated at Devanahalli taluka in the state of Karnataka.
The Bengaluru office of the firm leveraging their expertise in real estate sector advised and assisted the client, a well known land developer in the state of Karnataka.
SC lays down framework for portrayal of persons with disabilities in visual media
Digital media YourStory listed 5 films in which Bollywood insulted people with disabilities ( https://lnkd.in/gtmdTfND ) . Now the Supreme Court, in a recent judgment in the case of Nipun Malhotra v. Sony Pictures Films India Private Limited & Ors, 2024 INSC 465, has provided a framework for portrayal of persons with disabilities in visual media. The court underlined the need for such portrayal aligning with the anti-discrimination and dignity affirming objectives of the Constitution of India as well as the Rights of Persons with Disabilities Act 2016 (RPwD Act).
New Criminal Laws come in force.
India has implemented three new criminal laws the Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Adhiniyam, replacing colonial-era Legislations The Indian Penal Code, Code of Criminal Procedure and Indian Evidence Act, respectively.
The Securities and Exchange Board of India (SEBI)
The Securities and Exchange Board of India (SEBI) has approved regulations to curb misinformation spread by financial influencers, or financial influencers. SEBI has also barred its regulated entities, including mutual funds, stock brokers, research analysts, and investment advisors, from associating with unregistered financial influencers.
Central Board of Indirect Taxes and Custom(CBIC) unveils draft Bill
Central Board of Indirect Taxes and Custom(CBIC) unveils draft Bill to modernize Central Excise Act, replacing an 8-decade-old legislation. Aimed at promoting ease of business the draft Bill, features 12 chapters and 114 sections, seeking to align with contemporary business practices. Stakeholders are required to comment by June 26.
Delhi High Court Issued Guidelines on Refurbished Hard Disk Drives
The Delhi High Court has set new guidelines for selling refurbished hard disk drives (HDDs) in India. Importers often resell used HDDs, originally branded by Seagate or Western Digital, to local refurbishers who then erase the original branding, repackage, and sell them under new brand names with a two-year warranty.
We are happy to share glimpses of some of our engagements in the area of Sports Law practice.
We are happy to share glimpses of some of our engagements in the area of Sports Law practice. On the international front our lawyer Sanjeev Kumar has provided expert legal support as sole legal advisor to St. Kitts & Nevis Patriots, one of the participating teams in the Caribbean Premier League (CPL). He is seen here with H.E. Dickon Mitchell, Hon’ble Prime Minister of Grenada and Mr. Mahesh Ramani, Owner of St. Kitts & Nevis Patriots.
Market regulator, Securities and Exchange Board of India (SEBI)
Market regulator, Securities and Exchange Board of India (SEBI), has now allowed Foreign Portfolio Investors (FPIs) based out of International Financial Services Centres (IFSC),GIFT City, to accept 100 percent contribution from Non-Resident Indians, Persons of Indian Origin and Resident Indians. In addition, SEBI has also approved a new option of transition to an alternative investment fund (AIF) structure by venture capital funds registered under the erstwhile SEBI (VC Regulations), 1996.
EU Digital Markets Act now enforceable on Internet Gatekeepers
Major internet companies are now required to comply with the European Union Digital Markets Act. The designated companies under the DMA are Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft. These companies shall be subject to the DMA for their core platform services. The DMA imposes restrictions including processing user data for targeted advertisement without people’s consent, a major step recognizing user choice. A key feature of the DMA is Data portability and interoperability thus bringing in fair competition in the online space.
FoxMandal Supports Indian Qualifying Rounds of the Philip C. Jessup Moot Court Competition, 2024
FoxMandal is happy to officially support the Indian Qualifying Rounds of the Philip C. Jessup Moot Court Competition, 2024 jointly hosted by The International Law Students Association (ILSA) and Amity Law School, Noida. As always, the firm encourages law students to explore their full potential in the pursuit of legal excellence and reach their desired goal.
This year’s moot problem provided a challenge to legal minds to navigate the complexities of international law, environmental regulations, and the protection of human rights and prompts participants to grapple with intricate questions of governance, ethics, and responsibility.
We congratulate all participants of the India round of the Jessup Moot Court Competition and thank Ms. Mamta Tiwari, who heads the international arbitration and disputes resolution practice of the firm and who had successfully represented Steel Authority of India Limited (SAIL) in the first ever International arbitration initiated by an Indian Public Sector Undertaking (PSU), for accepting the invite to adjudicate as a Judge in the competition.
Team FoxMandal act for and advise in Mahadev betting app case
With our strong practice and presence in cases and matters arising out of various issues relating to PMLA Act, Extradition, Fraud, Money Laundering etc pursued by investigation agencies in India, the FoxMandal team has provided legal support in the more than Rs 5,000 cr Mahadev betting app case.
The team acted for and advised in relation to summons issued by the Enforcement Directorate at Chhattisgarh alleging various activities including illegal financial gains by certain individuals in the Mahadev app-linked money laundering case.
As a full service law firm we continue to provide expert legal support in all matters relating to Enforcement Directorate, Central Bureau of Investigation, National Investigation Agency and Serious Fraud Investigation Office.
