While many are aware that the Indian government is aiming to attract at least USD 100 billion a year in gross Foreign Direct Investment in 2024, they may be less aware that the government has also recently set out a progressive ESG regulatory framework. Investors will therefore need to align with this Indian ESG wave and also ensure that their own ESG programs are robust enough to mitigate risks as well as realize opportunities.
In this article, we unpack a recent ruling passed by the Indian Supreme Court — India’s apex court — in the matter of M.K. Ranjitsinh & Ors. v. Union of India. What does the Court’s ruling say about India’s focus on energy transition in the face of environmental conservation? And what does this mean for investors looking to leverage opportunities in the energy transition market in India?
Following a five-year legislative process, India’s Digital Personal Data Protection Act (DPDP) received presidential assent on 11 August 2023. Practically speaking, the DPDP is not yet enforceable as the government still needs to establish the Data Protection Board of India (Board), which will serve as the enforcement authority for the law. The Board, in turn, must implement certain legally binding rules before the DPDP becomes fully operational.
In May 2022, the Indo-Pacific Economic Framework for Prosperity (IPEF) was launched between Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the US and Vietnam. On account of its specified focus on labor standards and issues, IPEF is likely to have an ongoing impact on labor regulations and trends among partner countries, including Vietnam.
Welcome to this issue of the Global DR Legal Update, our quarterly newsletter which aims to bring together the most important global developments in litigation and arbitration. If you have any questions, or if we can assist further, please get in touch with Ben Roe or Steve Adams.
Over a year into the global pandemic, businesses have had to pivot to survive and adjust to new ways of conducting business. Now, more than ever, Asia Pacific business leaders are making the necessary strategic changes to meet the needs of a vastly changed business landscape — and deciding where legal expertise may be needed most to limit and manage disruption and soften risks. This report will delve into how businesses view rising protectionism, regulatory scrutiny and foreign investment restrictions, and how these views are directly impacting their supply chain strategies.
On 15 July 2020, the U.S. and Gulf Cooperation Council (“GCC”)-led Terrorist Financing Targeting Center (“TFTC”) designated six targets affiliated with the Islamic State of Iraq and Syria (“ISIS”), including an entity allegedly posing as a charity (and its director) based in Afghanistan that allegedly provided support to ISIS’ branch…
On 15 July 2020, the U.S. and Gulf Cooperation Council (“GCC”)-led Terrorist Financing Targeting Center (“TFTC”) designated six…
In continuation of Baker McKenzie’s Asia Pacific webinar series on the business impact of COVID-19, we bring you…
In Order No. 40-3/2020-DM-I(A) dated March 24, 2020, the Government of India (“GOI”) imposed a nationwide shutdown to curtail the spread of COVID-19 epidemic in the country. The Order issues specific guidelines on the measures to be strictly implemented by all Ministries and Departments of the GOI, and the State…