UAE telecommunications titan e&, formerly known as Etisalat, has successfully completed the setup of a joint venture (JV) with Bespin Global, a rapidly expanding South Korean cloud managed service provider. The formation of the new JV will bolster e&’s strategic aspirations to diversify its operations and extend its global footprint. In a statement made public …
The Uttarakhand High Court has taken a significant step in addressing the contentious issue of fee hikes for filing disciplinary cases against advocates, as it issued a notice to both the Bar Council of India and the Bar Council of Uttarakhand. This development comes in response to a petition that challenges the increased charges imposed …
In a recent decision, the Supreme Court of India has reiterated that seeking the appointment of an arbitrator beyond three years is barred by limitation. The Court dismissed a petition filed under Section 11(6) of the Arbitration and Conciliation Act, 1996, by a Swiss company engaged in arms manufacturing. The petition sought the appointment of …
In a recent pronouncement, the Jammu & Kashmir High Court underscored the significance of filing appeals within the stipulated time frame under the Motor Vehicles Act. The court emphasized that even if the appellant believes their substantial rights are at stake, the timely submission of appeals should not be disregarded. Justice Javed Iqbal Wani, presiding …
In a recent landmark decision, the Supreme Court of India has declared that contracts entered into in the name of the President of India do not grant immunity from statutory prescriptions. The ruling clarifies that such contracts are subject to applicable laws and regulations, including the ineligibility of certain individuals to serve as arbitrators. The …
In a recent ruling, the Delhi High Court has determined that lawyers appearing on the criminal side for either the accused or the prosecution cannot assert a right to own an arms license. The court expressed concerns that granting such licenses solely based on legal representation could result in their issuance indiscriminately. Justice Prathiba M …
In a recent judgment, the Kerala High Court ruled that the actions of bank officials during the process of taking possession of a building or apartment, under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, are protected under Section 32 of the Act if done in good faith. The …
Kerala High Court Upholds Protection for Bank Officials in Loan Default Case Read More »
In recent times, the global stage has witnessed a series of events that have reignited debates about the future of the US dollar as the world’s predominant currency. As geopolitical rivalries intensify, the aftermath of Russia’s involvement in Ukraine’s conflict, and the ongoing debate over the US debt ceiling in Washington, the dollar’s status has …
DUBAI — In a groundbreaking move towards sustainable development, the United Arab Emirates (UAE) Cabinet has granted approval to 78 pioneering environmental projects and initiatives in anticipation of hosting the upcoming COP28 summit. Set to be held at Expo City Dubai this November, the event aims to forge tangible solutions in combating climate change and …
UAE Greenlights 78 Environmental Projects Ahead of COP28 Summit in Dubai Read More »
Saudi Arabia experienced a significant setback in its export sector as total exports, encompassing both oil and non-oil products, dropped by 25% year-on-year in March 2023. Official data released by the General Authority for Statistics revealed that exports fell to 106 billion royals ($28 billion) from SAR 142 billion in the corresponding period last year. …
Saudi Arabia’s Exports Plunge by 25% in March as Oil Trade Suffers Setback Read More »
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