Read more about the article Conflict in the fiduciary duties of a Nominee Director on a Joint Venture Board
Conflict in the fiduciary duties of a Nominee Director on a Joint Venture Board Conflict in the fiduciary duties of a Nominee Director on a Joint Venture Board

Conflict in the fiduciary duties of a Nominee Director on a Joint Venture Board

The concept that directors have a fiduciary duty to the company has been firmly ingrained in the corporate world’s fundamental being, both in spirit and in law. The directors of a corporation are responsible for overseeing or managing the company’s operations. Subject to…

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Recent developments in Gambling industry in India

The Inter-Ministerial (“IM”) Task Force, in the upcoming months, is anticipated to present draft rules that take deposit limitations into account. The IM Panel was constituted in May 2022, to contemplate central regulations for the online gaming industry. The Panel's discussion has not been made public. However, according to the recent rumours, it is likely to establish guidelines limiting how much cash each participant may spend while participating in the game.

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Moonlighting in business– An ethical and legal outlook

Before understanding if moonlighting is ethical or unethical one needs to understand what moonlighting is, it refers to the practice of working a second job outside normal business hours. Therefore, an employee may work a normal 9-to-5 job as a primary source of income but work nights at a different job in order to earn extra money. Employees who work for private businesses may be subject to any policies the company has in place regarding moonlighting. Working for one organization while taking on additional tasks, generally without the employer's knowledge, is referred to as moonlighting. Moonlighting is part-time work done at night or on weekends. When Americans began seeking for a second job in addition to their 9-to-5 occupations to augment their income, the term "moonlighting" became widespread.

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Digital Service Tax on ecommerce business: controversy and way ahead

The central government levied a 2% Digital Service Tax (“DST”) on the goods and services of international e-commerce businesses with an annual turnover of at least Rs. 2 crore, including Amazon, Walmart-owned Flipkart, and others, in its Finance Bill of 2020–21. The US Trade Representative believed that this constituted discrimination against American businesses and broke the rules of international tax law because the majority of these overseas enterprises are American. In July of this year, the US government placed a 25% duty on imports from India, but it was quickly lifted.

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Prevalence of Natural Justice in arbitral proceedings: Limitations on arbitrators’ discretionary powers

Prevalence of Natural Justice in arbitral proceedings: Limitations on arbitrators’ discretionary powers Arbitration is a form of Alternate Dispute Resolution ("ADR") through which a dispute is resolved outside of the court by an independent and neutral Arbitral Tribunal, undertaking the role of a Judge, to adjudicate and resolve the dispute between the parties. In essence, an arbitral proceeding grants the parties to a dispute a fair amount of autonomy to resolve the dispute as per their own terms laid down in the arbitration agreement.

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Internet gambling in India: Regulation or prohibition?

Internet gambling in India: Regulation or prohibition? With the development of technology and mass communications, the internet has opened up many opportunities for online commerce. One such recent development of the internet has been online gambling. Gambling is any gaming behaviour involving the risking of money or valuables on the outcome of a game, contest, or other event for financial gain. The outcome of the event depends partially or totally on chance. The industry of gambling can be categorized into activities which involve random outcomes, such as lotteries and slot machines, and activities which can involve judgement, such as some card games and betting on events.

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Australia-India Economic Cooperation and Trade Agreement – Key highlights

Australia-India Economic Cooperation and Trade Agreement – Key highlights Introduction Recent years have seen remarkable growth in the trading relationship between India and Australia, fuelled by the many complementarities between the two economies. India is the world's largest democracy and is a market of 1.3 billion people. Its youthful population, diversified economy, and growth trajectory present significant opportunities for Australian businesses, including in education, agriculture, energy, resources, tourism, healthcare, financial services, infrastructure, science and innovation, and sport.

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Diversity in arbitral tribunals: A look into gender and ethnic diversity in International Arbitration

Diversity in arbitral tribunals: A look into gender and ethnic diversity in International Arbitration The diversity debate in international arbitration has largely remained uniform, concentrating on the need to give arbitration professionals from historically underrepresented groups. As society grows more global and disruptive forces drive ongoing innovation in how we conduct business and communicate, it is clear that people in high positions must reflect the variety of the communities they serve. Given the rising regional and sector variety of parties and the ever-expanding scope of conflicts, which have been brought to arbitral courts for settlement throughout the world, the rationale for diversity is arguably even more compelling in the context of international arbitration.

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