Author: aarnalawadmin
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WIPO Unveils New Treaty on Genetic Resources and Traditional Knowledge
Delve into the significance of the WIPO Treaty on Intellectual Property Genetic Resources and Associated Traditional Knowledge. Understand how this groundbreaking treaty enhances transparency, prevents misappropriation, and upholds the rights of Indigenous Peoples. Learn about its objectives, implementation principles, and the impact on global intellectual property frameworks, particularly for biodiversity-rich nations like India.
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How Mediation is Revolutionizing IP Disputes
Imagine you’re on the brink of launching a groundbreaking patent that promises to transform your industry, only to find yourself entangled in a costly and protracted legal battle over an infringement claim. The stress and financial strain would be daunting.
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The Union Budget Financial Year 2024–2025: the Aarna Law Perspective
The Union Budget 2024-2025 of India, presented by the finance minister Nirmala Sitharaman, emphasizes key priorities aimed at fostering employment, enhancing agriculture productivity, and supporting various sectors of the economy. In addition, taxes will fall for start-up investors and foreign companies. Below is a concise summary of the new measures. Economic Overview Inflation: Maintained at…
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AI- Criminal liability and Financial Crimes
While people are recipients of the myriad benefits of Artificial Intelligence (AI) in their everyday life knowingly and unknowingly, they are also exposed to unimaginable criminal activities. As AI continues to advance, there are three sets of people relentlessly working in this sphere- one the researchers and developers working towards creating more sophisticated and ethical…
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Does Copyright Exist for Ai-Generated Content?
As a human-made and trained technology that enables computer systems and machines to simulate human-intelligence or problem-solving capabilities, artificial intelligence (AI) raises challenging legal issues for intellectual property practitioners particularly over the ownership of rights in AI-generated content. The laws in place pertaining to intellectual property rights in India with respect to copyright include the…
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A Company’s Assets cannot be Targeted once it has gone through the Insolvency Process
The Bombay High Court’s 1 March ruling in Shiv Charan & Ors. v. Adjudicating Authority & Ors. is an important addition to the canon that a person acquiring an insolvent company through a resolution process under the Indian Insolvency & Bankruptcy Code, 2016 (IBC) starts with a clean slate. Once a company has been acquired…
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Emerging Trends in Insolvency Litigation
Prevention of Money Laundering Act (PMLA) in IBC proceedings The apparent conflict between the Insolvency and Bankruptcy Code (IBC) and PMLA, often manifesting itself during insolvency processes, calls for a careful balance between protecting the rights of creditors and preventing money laundering. Recent judgments suggest that a harmonious interpretation is possible, recognizing the importance of…
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Fintech: Revolutionizing Lives Amid Regulatory Uncertainty
In the rapidly evolving landscape of modern finance, few sectors have wielded as transformative an influence as financial technology, or fintech, reshaping how individuals and businesses manage their money. From seamless mobile payments to algorithm-driven investment platforms, peer-to-peer lending platforms facilitating loans without the traditional banking intermediaries, fintech innovations have become integral to everyday life…
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The Role of an Executive Director
In a previous article we examined the role of additional directors and the value they can bring to a board. Here we look at the appointment and duties of executive directors, who are responsible for the day-to-day management of a company. Definition of an Executive Director Rule 2(k) of The Companies ( Specification of Definitions…
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Supreme Courts clarifies the meaning of a ‘financial’ debt in insolvency proceedings
The Supreme Court of India’s April judgment in Global Credit Capital Limited v. Sach Marketing Pvt. Ltd. goes some way towards resolving a question that professionals administering an insolvency process in India often have to grapple with: is a creditor an operational or financial creditor? Facts The key question before the court was whether the Respondent,…