Author: aarnalawadmin
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Aarna Law brings on board an experienced Compliance Professional and qualified Lawyer from Standard Chartered Bank
Manjushree Somasundara is joining Aarna Law as a Partner in its Corporate Advisory team from 1 March. With over 20 years experience in the Corporate Sector, Manjushree was most recently Vice President – Global AML Policies and Standards at Standard Chartered Bank, where she was responsible for the Strategic Management of the Group Anti-Money Laundering…
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The crucial role of indemnity clauses in software licensing agreements
Indemnity clauses in AI software licenses are key elements, protecting one party from losses arising from software use. Such clauses determine responsibility for costs in cases of harm or violations of third-party rights. Indemnity agreements will set out ‘indemnified claims,’ such as data breaches or intellectual property infringements, with the indemnifying party (Indemnitor) committing to compensate the…
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Women in Leadership and IP: Ms. Nidhi Mahesh of We-Storytellers
In our continuing series of interviews with female entrepreneurs inspired by World IP Day 2023, we talk to Nidhi Mahesh of We-Storytellers about the value of storytelling, the challenge of being a startup and how to strike the balance between being engaging and legally sound[1]. What inspired you to start We-Storytellers and what is your…
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Updates from the AI Safety Summit and the Way Ahead
On the 1st and 2nd of November 2023, the United Kingdom of Great Britain and Northern Ireland chaired the inaugural edition of the AI Safety Summit (“AI Summit”) at the Bletchley Park, Buckinghamshire.
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New market entrants must be wary of confusing customers through their trademarks
MakeMy Trip India Pvt. Ltd (the plaintiff) sought an injunction against Dialmytrip Tech Pvt Ltd (the defendant) to prevent it from using the name/mark ‘Dialmytrip’, and the domain names ‘www.dialmytrip.com’ & ‘www.dmtgroup.in.
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Arbitration clauses are not valid in consumer insurance
The IRDAI was of the view that retail/individual policy holders should be exempted from the application of an arbitration clause as they have alternative
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Nominees cannot evade the rules on succession to retain shares in mutual funds
In the recent case of Shakti Yezdani & Anr. v. Jayanand Jayant Salgaonkar & Ors, the appellants, who were the nominees for shares held in mutual funds by the deceased, claimed that the securities vested with them and not the heirs after the testator’s death.
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UK Supreme Court delivers blow to litigation funders
The UK Trucks Claim Ltd (UKTC) and the Road Haulage Association (RHA) (jointly, the Appellants) sought authorisation from the Competition Appeal Tribunal (the Tribunal) to initiate collective proceedings on behalf of individuals who had purchased trucks from the Appellants and other truck manufacturers collectively referred to as DAF
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Non-payment of stamp duty does not invalidate an arbitration agreement
In N.N. Global Mercantile Pvt. Ltd. v M/s Indo Unique Flame Ltd. & Ors, the Supreme Court initially ruled that an unstamped arbitration agreement is separate from the underlying contract, and the lack of stamp duty is a curable defect.
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When can a party claim confidentiality for an arbitration?
A June 2023 decision by the Singapore Court of Appeals (SGCA) has clarified when a party can claim confidentiality for arbitration hearings and acts as a timely reminder to lawyers to be wary of making comments through social media.