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We started in 1985 in a single room set up by the two founders with no prior experience of working in a law firm. Both the founders had outstanding academic records and focused on their deep understanding of the law to form the foundation of the firm.
Integrity, Knowledge and Passion are the principles that resonate with every member of our LKS family and the work that we do. These values drive us to build a community of legally sound professionals and well-serviced clients.
Everything we have accomplished over the last four decades is a result of our unique way of thinking which is deeply influenced by our core values and principles that define us.
We and our professionals consistently garner appreciation for the quality of our services and the depth of our legal expertise. This consistent acknowledgment serves as a testament to our unwavering commitment to exceed expectations.
By Manan Chhabra, Sameer Avasarala and Jyotshna Yashaswi
Dark Patterns are deceptive web or UI designs or patterns used in web-based or mobile-based platforms, intended to manipulate or trick the decision of a consumer by deceiving them to do something that is determinantal to his interest. The article in this issue of Corporate Amicus discusses how authorities in various jurisdictions including India have been trying to combat the issue pertaining to these deceptive practices by introducing new norms under the consumer protection laws, and data protection rules and regulations to maintain consumer’s autonomy and transparency in online transactions. It also in this regard deliberates on the Central Consumer Protection Authority’s recently notified Guidelines for Preventions and Regulations of Dark Patterns, 2023 which specify 13 dark patterns, and the Digital Personal Data Protection Act, 2023 which according to the authors is important since at the heart of many dark patterns lies the element of ‘consent’. Further, according to them, implementation of these guidelines will be a challenge due to ambiguous explanations for some of the dark patterns listed in the Guidelines.
Notifications and Circulars
Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2023 notified
Credit of units of Alternative Investment Funds (AIFs) in dematerialized form – SEBI notifies process
Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals, and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2023 notified
E-mandates for recurring transactions – Limits for execution of e-mandates without Additional Factor of Authentication (AFA) increased for particular categories
Liberalised Remittance Scheme (LRS) for Resident Individuals – Reporting of monthly return and daily transactions
Ratio decidendi
Arbitration clauses present in unstamped/inadequately stamped agreements are enforceable, but inadmissible in evidence – Supreme Court
Group of Companies Doctrine is valid in Indian Arbitration jurisprudence – Supreme Court
Insolvency – Sections 95 to 100 of Insolvency and Bankruptcy Code, 2016 are constitutionally valid – Supreme Court
News Nuggets
Arbitration – Court cannot examine admissibility or relevance of evidence when exercising powers under Section 27
Arbitration – Cancellation of a conveyance deed is an arbitrable matter, being an action in personam
Insolvency – NCLT to refrain from affixing ‘date of hearing’ on an order, if ‘date of pronouncement’ is different
Insolvency – Promoter is eligible to submit Resolution Plan even if MSME Registration is obtained post commencement of CIRP
Insolvency – Date of default or pleadings can be amended at any stage of the matter
