In a recent judgment, the National Company Law Appellate Tribunal (NCLAT) in New Delhi upheld the decision of the Adjudicating Authority regarding the issue of a pre-existing dispute in an insolvency case. The Division bench, consisting of Ashok Bhushan and Barun Mitra, ruled that a Corporate Debtor cannot raise the issue of a pre-existing dispute …
Three lawyers representing former President Donald Trump visited the U.S. Department of Justice on Monday amidst reports that federal prosecutors are finalizing an investigation into allegations of mishandling classified documents by the former president. Lindsey Halligan, John Rowley, and James Trusty, the lawyers in question, chose not to respond to inquiries as they exited the …
Prince Harry delivered a scathing rebuke of the “vile” press on Tuesday as he testified against a tabloid publisher in a London court. Accusing the tabloids of destroying his adolescence and personal relationships, Harry became the first senior British royal in over a century to appear as a witness in a legal case. During his …
Prince Harry Slams “Vile” Press and Testifies Against Tabloid Publisher Read More »
The U.S. Securities and Exchange Commission (SEC) has taken legal action against Coinbase, the largest cryptocurrency exchange in the United States, alleging that the platform has been operating illegally by failing to register with the regulator. This lawsuit marks the SEC’s second consecutive case against a major cryptocurrency exchange, coming just a day after its …
U.S. SEC Files Lawsuit Against Coinbase, Following Binance Case Read More »
The World Bank has revised its global growth projections for 2023, indicating a more positive outlook for the world economy due to the resilience of major economies such as the United States and China. However, the institution also warned of potential challenges in the coming years, with higher interest rates and tighter credit conditions expected …
World Bank Raises 2023 Global Growth Forecasts but Lowers Outlook for Next Year Read More »
Emirates, the Dubai-based airline, is exploring the possibility of acquiring additional aircraft to cater to anticipated demand in the coming decades. According to Emirates President Tim Clark, the airline is considering the procurement of more Airbus A350s, Boeing 777Xs, or 787 jets as part of its long-term fleet expansion plans. During a global airlines meeting, …
Emirates Considers Placing New Order for Long-Haul Jets to Meet Future Demand Read More »
The United Arab Emirates (UAE) Ministry of Finance (MoF) recently unveiled a significant development in its tax policies, with the issuance of a cabinet decision aimed at implementing corporate tax on non-resident entities deriving income from immovable property within the country. This decision marks a notable shift in the UAE’s taxation landscape, requiring foreign companies …
UAE Implements Corporate Tax on Non-Residents’ Income from Property Investments Read More »
In a recent ruling, the Kerala High Court has established that individuals granted interim bail cannot rely on such orders to argue that their main bail application has become obsolete. The court held that if the main application is dismissed due to non-pursuance, the interim order providing bail would be automatically revoked, thereby rendering the …
In a recent event organized by the Madras Bar Association, Justice MM Sundresh, a judge of the Supreme Court, praised the commendable work of Justice TS Sivagnanam, the Chief Justice of Calcutta High Court. Justice Sundresh shared an anecdote where he expressed his admiration for Justice Sivagnanam to lawyers in the Supreme Court, highlighting the …
In a recent ruling, the Delhi High Court has directed the transfer of a 14-year-old girl to a children’s home to ensure the safe delivery of her child, as she vehemently opposed undergoing a medical termination of pregnancy. The court’s decision comes after careful consideration of the girl’s wishes and the legal framework surrounding the …
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