Source: The BLT A new law signed just before the holidays could help litigants in Washington courts trying to enforce money judgments entered abroad. Washington Mayor Vincent Gray signed the Uniform Foreign-Country Money Judgments Recognition Act (PDF) on Dec. 21, revising procedures in the District for enforcing such judgments for the first time since 1995. The law on [...]

India Ratifies United Nations Convention Against Corruption On May 12, 2011, India became the 152nd country to ratify the United Nations Convention against Corruption (“UNCAC”). The UNCAC which was originally adopted by the UN General Assembly on October 31, 2003, and entered into force on December 14, 2005. India is the fourth country to ratify [...]

India Panel Approves Mining Draft Law  Source: Wall Street Journal NEW DELHI – An Indian ministerial panel Thursday cleared the draft of a new mining law that promises to attract more investments into the country’s mining sector by slashing red tape, paperwork and a maze of approvals that often stretches to years. The draft law [...]

US law on biotech drugs could hit Indian generics Source: Soma Das, Financial Express New Delhi A missing link in the biosimilar regulatory framework of US could delay and wipe off potential earnings worth billions of dollars from the kitty of India’s generic drugs industry. The US subsidiaries of Ranbaxy, Sun Pharma, Dr Reddy’s, Glenmark, [...]

BBC News 10 December 2010 A row between the EU and India over the transit of generic drugs through Europe has been resolved, negotiators told Reuters news agency. As a result of the deal at an India-EU summit in Brussels, an Indian complaint to the World Trade Organization will be suspended, India’s trade minister said. [...]

Source: Anthony Lin The American Lawyer July 21, 2010 Tax troubles are rearing their head again for international law firms in India, following a Mumbai tax tribunal’s ruling Friday that British legal giant Linklaters owes taxes on fees earned on work that was referred from India but was not necessarily performed in the country. Here’s [...]

The Government of India has eased the existing rules for payment of royalties under foreign technology collaboration. The existing policy providedfor automatic approval for foreign technology transfers involving payment of lumpsum of US $2 million and payment of royalty of 5% on domestic sales and 8% on exports. In addition, where there was no technology transfer [...]

Source: Financial Times An Indian pharmaceutical company is gearing up to sell a cheap version of -Tamiflu , the leading patented antiviral flu drug, to emerging economies, in a move that will again pitch intellectual property rights against affordable access to medicines. Cipla, based in Mumbai, said yesterday it had agreed to sell significant quantities [...]

Source: Press Information Bureau, Ministry of Corporate Affairs The Indian Parliament has passed the Limited Liability Partnership (LLP) Bill, 2008.  LLP, as a corporate entity is similiar in concept to the Limited Liability Company (LLC), available in the United States.  The LLP format provides the benefits of limited liability of a corporation but allows its members the flexibility of [...]

Source: Business Standard DEPB scheme extended to May 2009 Commerce Minister Kamal Nath, in the Foreign Trade Policy 2004-09, today extended the Duty Entitlement Passbook Scheme (DEPB) scheme for exporters to May 2009. The scheme was originally to expire on March 31 this year, but was extended to the new financial year. Last month the [...]