The Global Financial Crisis of 2007-08 was a shock to the entire financial system of the world. It started off due to deregulation of the system in the United States of America which later affected the entire world, especially the housing and the banking sector. After the Glass-Steagall Act of 1933 and the Commodity Futures Modernization…
View detailsLaw is vital for a society for it serves as a norm of conduct for citizens. It was additionally made to accommodate legitimate rules and requests upon the conduct of all residents and to support the value of the three branches of the government. It keeps society running. Without law, there would be tumult and…
View detailsTrademarks are an integral part of intellectual property rights. Trademarks concern themselves with purchasing process and the areas pertaining to the interaction between brands and the customers[1]. Historically, people purchased goods when the basic tenets of trademark law already existed. In shops, an assistant helped individuals and acted as “filters” between the product and the…
View detailsThe collapse of the housing market, banking sector and the consequent financial crisis of 2007-08 showed the regulatory loopholes in the system, its flaws, defaults, inefficiencies. Therefore, in order to promote cooperation between central banks of different countries, foster financial stability and have internationally accepted standards for banking and regulation, the Bank for International Settlement…
View detailsIn accordance with the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 and 1980, a policy of nationalization of banks was brought about India. On its 50th anniversary, Niranjan Rajadhyaksha stated in his opinion piece that “The second volume of the official history of the Reserve Bank of India describes bank nationalization as the single-most-important economic…
View detailsIntroduction:- Economic abuse is one form of domestic abuse in a relationship where a partner/spouse (usually the husband) has some sort of control over the other partner’s (usually the wife) access to his economic resources, or where the abuser exploits his partner’s financial resources or earnings, to control their financial freedom. The sort of control…
View detailsINTRODUCTION Every person is accountable for the acts that they perform but not for the conduct of others. However, there are some instances in which a person is liable for the acts of another person, which is known as vicarious liability. So, for this to happen, both persons must have a certain type of relationship,…
View detailsThe Insolvency and Bankruptcy Code, 2016 (“Code”), has created a lot of confusion in the past regarding their resolution over the banking sector and the other financial service providers. The inefficiency of the said code to regulate these institutions lies in the nature of its applicability. The code is clearly enacted in a manner that it resolves…
View detailsThe doctrine of colourable legislation is the concept when a legislature vision to do something but is not able to do because it is beyond its capability or authority, within the limitations of its government’s constitution, it colours the law with a secrete motive or purpose, allowing it to achieve its original hidden objective. Legislation…
View detailsPrior to 18 October 2010, all matters pertaining to environmental protection and safeguard were dealt with by the judiciary under Articles 51 (g) and 48A of the Indian constitution[1]. However, post this the National Green Tribunals (NGT) were established, in accordance with the Central Government’s notification.[2] In M.C. Mehta vs. UOI[3], the need for a speedy…
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