[Oorja Newatia is a second-year law school student at NLSIU, Bengaluru. An earlier version of this post was first published with the Centre for Business and Commercial Laws] Recently, on the sidelines of the BRICS Competition Conference, the Competition Commission of India’s (‘CCI’) chairperson has declared that the CCI is looking at ways to integrate sustainability dimensions into the...
Company’s Interest vs Duty to Protect the Environment – A Director’s Balancing Act
[Abhijnan Jha is a partner and Urvashi Misra is a senior associate at AZB & Partners, New Delhi] In April 2022, António Guterres, United Nations Secretary-General, drew the world’s attention to the alarming findings of the Intergovernmental Panel on Climate Change in its third report. Concerned that major emitters were not taking requisite steps to fulfil their climate pledges, the Secretary...
Invoking India’s Money Laundering Regime for Environmental Crimes: Impact on Businesses
[Rajat Jariwal is a partner and Saniya Mirani is an associate at Trilegal] The recent verdicts of the National Green Tribunal (“NGT”), a special tribunal in India dealing only with environmental issues, have brought to fore the money laundering aspect of environmental crimes. India’s principal anti-money laundering statute, the Prevention of Money Laundering Act, 2002 (“PMLA”) was amended in 2013...
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