The concept of grading of initial public offerings (IPOs) in India was first introduced by the securities market regulator, the Securities and Exchange Board of India (SEBI) in 2006 under the erstwhile SEBI (Disclosure and Investor Protection) Guidelines 2000. It provided issuers with an option to get their proposed IPO graded by SEBI-registered credit rating …
The ongoing House of Fraser sale and leaseback litigation (see box on p61), now due to be heard on 14 June 2011 in the Court of Appeal, brings into sharp focus the issues that can arise from the shifting value of covenant strength between different entities within a corporate group.
Since the House of Lords decision in Salomon v Salomon & Co [1897], it has been a fundamental principal of company law that a company has a separate legal personality. This means that shareholders are not normally liable for the acts or omissions of a company. However, the court will ‘pierce the corporate veil’ where …
This article is an assessment of practical and legal considerations arising from the operation of mutual legal assistance provided by the UK in connection with international criminal investigations. Mutual legal assistance (MLA) arrangements enable one country to seek assistance in obtaining evidence located in another country for the purposes of criminal investigations or proceedings. In …
Continue reading “Mutual Legal Assistance: When your assistance is required”
The Chancellor of the Exchequer, George Osborne, delivered his Budget on 23 March 2011, in which various tax amendments were announced. In his Budget speech, the Chancellor announced that two of the government’s ambitions for the British economy were to create the most competitive tax system in the G20 and to make the UK the …
In the context of budgetary restrictions on the one hand, and the need for major economy-driving projects in the public sector on the other, public-private partnerships (PPPs) provide states with an excellent option for achieving this goal with minimum financial participation. Many European countries have so far been successfully implementing PPP structures in various projects. …
Continue reading “PUBLIC-PRIVATE PARTNERSHIPS IN THE CEE/SEE REGION”
Major projects, such as energy generation stations or waste treatment plants, can meet with fierce opposition, often on environmental grounds. Sometimes the opposition is led by non-governmental organisations (NGOs) voicing concerns over climate change or habitat destruction, sometimes the campaign is driven by local residents anxious about amenity issues, such as noise or odour pollution, …
Continue reading “Environmental challenges to major projects”
David Cameron’s coalition government promised that it would reduce net migration to the UK to the tens of thousands and that is what it is attempting to do. The government recently announced a raft of changes to the immigration rules designed to fulfil this promise.
Advertising in modern times is not just about reminding customers about products and services and boosting sales, it is also about taking the competition head on in a highly globalised and competitive market to create an identity that is distinct and appealing to the consumers. While creative and interesting visuals do have an effect on …
Continue reading “Comparative advertising: an Indian snapshot”
In traditional computing infrastructure, a computer’s operating system (eg Microsoft Windows), applications (eg Microsoft Office) and data are stored on an individual user’s computer. In the office environment data is usually stored on servers (often within the same building), which are then accessible by the rest of an organisation. Cloud computing is a different approach …