Key developments in the Indian legal landscape in 2016
From the Startup India campaign launched in January 2016 to the coming into force of substantial provisions of the Insolvency and Bankruptcy Code in December 2016, the legal landscape in India has witnessed some crucial developments this past year. In this LawFlash, we describe briefly what we consider to be some of the key legal and regulatory developments in India in 2016.
Arbitration Act
India, Arbitration & ADR, Company & Commercial, Competition & Antitrust, Corporate Finance/M&A, Environment & Climate Change, Insolvency & Restructuring, Private Client & Offshore Services, Tax, Morgan, Lewis & Bockius LLP, Competition Commission of India
After years of delay, on 1 August 2016, the Third Parties (Rights against Insurers) Act 2010 will be brought into force in the United Kingdom, making it easier for a party with a claim against an insolvent business to bring the claim directly against the insurer of that business.
United Kingdom, Insolvency & Restructuring, Insurance, Litigation, Morgan, Lewis & Bockius LLP, Legal personality, Reinsurance, Liability insurance, Business ethics, Law Commission (England and Wales), Insurance Act 2015 (UK)