Tag: Contract Law
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Testing the Validity of a Type of Shareholders’ Agreements in India
[Priya Garg is a 4th year student at the West Bengal National University of Juridical Sciences (WBNUJS)] In the Indian context, shareholders’ agreements (SHAs) have been widely categorized into two types – one, that impose restrictions on the transferability of shares held by the shareholders who happen to be the parties to the SHA (type 1
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Uber v. Waymo and Lessons for Trade Secret Protection for Companies
[Swrang Varma is a 4th Year BB.A. LL.B. (Hons.) student at the University School of Law & Legal Studies, Guru Gobind Singh Indraprastha University] Introduction More than a century has elapsed since the establishment of the theory of the separate juristic personality of a corporation. Be that as it may, a corporation still functions through
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Implications of the Amendments to the Specific Relief Act, 1963
[Grishma Shah is a student of Government Law College, Mumbai presently studying in the 3rd Year of the 3-year law course. Earlier posts on specific aspects of the topic covered by this post are available here and here] Introduction On December 15, 2017, the Union Cabinet approved the recommended changes to the Specific Relief Act,
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The Specific Relief (Amendment) Bill, 2018: Shattering the Supremacy of Damages
[Aayush Mitruka is a lawyer based in New Delhi. An earlier post on the topic is available here] In the wake of India’s poor ranking in terms of enforcing contracts and ease of doing business, the Government decided to amend the 54 year old Specific Relief Act, 1963 (the “Act”). As a result, the Government
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Effects of The Specific Relief (Amendment) Bill, 2017 on the Law of Remedies for Breach of Contract
[Radhika Indapurkar is a lawyer based in Mumbai] Section 10 of the Specific Relief Act, 1963 (the “Act”) provides the courts with a discretion to enforce specific performance of contracts (a) in which there exist no standards to ascertain the actual damage caused by non-performance of such contracts, or (b) wherein the act agreed to
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Subjectivity or Objectivity? Supreme Court on Implied Terms in Commercial Contracts
[Manjari Rammohan is a 4th year student at School of Law, Christ University, Bangalore] This post seeks to critically analyze the October 2017 judgment of the Supreme Court in Nabha Power Limited v. Punjab State Power Corporation Limited with respect to remedying ambiguous terms in commercial contracts. This case is of vital importance as the
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The Insolvency and Bankruptcy Code: Moratorium and Personal Guarantors
[Aayush Mitruka is a lawyer based in Delhi] The latest ruling of the National Company Law Appellate Tribunal (Appellate Tribunal) in the case of State Bank of India (SBI) v V Ramakrishnan and another has evoked another controversy touching upon the Insolvency and Bankruptcy Code, 2016 (Code) that serves as a major setback to creditors.
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The Smart Contract Revolution
[Vrinda Vinayak is a 4th year B.A., LL.B (Hons.) student at the National Law University, Delhi] Background The concept of smart contracts was first envisaged by Nick Szabo in 1994. Such contracts consist of three essential elements. They are – (i) negotiated, coded and executed over the blockchain, in simple ‘yes-no’ or ‘if-then’ terms, (ii)
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Legal Issues Surrounding Online Card Gaming
[Meenal Maheshwari Shah is the legal counsel for Brand Capital, the investment arm of the Times of India Group] A vast population in India likes to engage in card games, especially rummy and poker. It naturally follows that with the advent of internet, they are fixated on the websites which host such games for stakes.
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The Battle of Forms
[Narayan Gupta is a final year law student at Jindal Global Law School, Sonepat] Introduction This post seeks to envisage the problems that arise in the Battle of Forms and the solutions to tackle them. Before we get into the problems encapsulated in the Battle of Forms, it is necessary to understand what leads us
