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Bad loans and personal guarantees
May 30, 2021
The Insolvency & Bankruptcy Code marks one of the most significant changes made to commercial laws - Nuthawut Somsuk
The Insolvency & Bankruptcy Code marks one of the most significant changes made to commercial laws - Nuthawut Somsuk×
The SC verdict has brought relief to creditors waging long battles against bad loans
On May 21, 2021, the Supreme Court dismissed pleas on 75 petitions challenging the notification including that on Anil Ambani, Sanjay Singhal, Venugopal Dhoot, Kapil Wadhawan and 45 other industrialists. (The Supreme Court had declared the notification issued by the Union government under Insolvency and Bankruptcy Code, on November 15, 2019 as legal and valid).
Clock starts ticking on November 2022 compliance for SEC ad rule
The 430-page rule updates the agency s marketing oversight for the first time since 1961 and applies to social media communications.
March 8, 2021 2 MINS
Investment advisers registered with the Securities and Exchange Commission have until November 2022 to comply with the agency’s new marketing rule. But that doesn’t mean they can relax, because compliance will be a heavy lift that should start now, experts said.
The new regulation replaces the advertising rule that had been in place since 1961, as well as a rule on payments to solicitors that was established in 1979.
The final marketing rule which allows testimonials, endorsements and third-party ratings as long as they comply with anti-fraud protections and other conditions contains principles-based provisions that can apply to social media communications. The previous rule centered on written communications, television and radio a