This article talks about the Special Purpose Acquisition Vehicles (SPACs) which have seen significant growth recently in the United States. The year of 2020 has been a record year for SPAC IPOs. They provide an alternate route to the private companies seeking to go public. In this article, the authors have discussed the meaning of SPACs, the advantages of SPACs over the traditional IPOs and the regulatory challenges that India face if SPACs are to operate in India. The authors have also highlighted the risks involved in the process. Continue reading Special Purpose Acquisition Companies: A Possibility in India
This article uses an economic perspective to examine the recent trademark dispute between BigBasket and Daily Basket, wherein BigBasket has accused Daily Basket of ‘Trademark Infringement’ whereas Daily Basket has accused BigBasket of ‘Trademark ‘Bullying’. It is argued that since a trademark is protected by the law because it gives an incentive to the producers to increase production and benefits consumers by reducing consumer search-costs, trademark bullying is antithetical to such economic and consumer centric-basis of trademark law. Continue reading The Trademark Battle between BigBasket & Daily Basket: An Economic Perspective
The Authors have tried to garner the readers’ attention to the Doctrine of Mutuality especially with regard to the conundrum of whether the transactions between the Clubs and their members fall within the ambit of GST. It seeks to analyse the same in light of the judgement rendered by the Supreme Court of India in State of West Bengal v. Calcutta Club. Continue reading Concept of Mutuality and its application to GST vis-a-vis the decision of the Supreme Court in State of West Bengal v. Calcutta Club
Central Bank Digital Currency (CBDC) has been in news lately. While the Indian government has not been quite convinced by the idea of having private cryptocurrencies in the market, there is definitely something unique about CBDC which compelled the government agencies to consider the option. This article explores the concept of CBDC and the feasibility of mainstreaming the same in India. Continue reading State-Issued Cryptocurrency- A Boon or a Bane?