Recently, the Supreme Court in Apex Laboratories (P.) Ltd. finally settled the controversy regarding the allowance of expenditure incurred by pharmaceutical companies on the gifting of freebies to doctors under the IT Act. By holding that the practice is opposed to the MCI Regulations and consequently to public policy, this decision has created new challenges for the pharmaceutical and allied health sector companies.

Audio Source: An article published on the LKS website in May 2022 https://www.lakshmisri.com/insights/articles/apex-laboratories-a-bitter-pill-to-swallow-for-the-healthcare-sector/

Author: Tanmay Bhatnagar, Sr. Associate (LKS)

Voice: Anushka Verma, Associate (LKS)

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This podcast traces the history behind the introduction of the proviso to Section 50(1) with a specific focus on the jurisprudence that has developed, the GST Council decisions, and the implication of the recent ruling of the Hon’ble Madras High Court in Srinivasa Stampings.

Audio Source: An article published on the LKS website in May 2022 https://www.lakshmisri.com/insights/articles/interest-on-delayed-payment-of-tax-the-saga-continues/#

Authors: Sahana Rajkumar, , Principal Associate (LKS), and Balaji Sai Krishnan, Sr. Associate (LKS)

Voice: Sahana Rajkumar, , Principal Associate (LKS)

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The podcast broadly provides an advisory perspective of comprehensive trade agreements for trade and industry in India. It also discusses India’s previous and recent comprehensive trade agreements.

Audio Source: An article published on the LKS website in May 2022 https://www.lakshmisri.com/insights/articles/india-and-its-recent-comprehensive-trade-agreements-attempting-success-for-market-access/

Authors: Devinder Bagia, Partner (LKS) Jayant Raghu Ram, Principal Associate (LKS)

Voice: Gunmeher Juneja, Principal Associate (LKS)

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This week’s podcast discusses the case opined by the Review Board of the United States Copyright Office (‘Board’) on the registrability of works generated by Artificial Intelligence (‘AI’). The Board reiterated the position under the United States copyright law that human intervention is necessary for a work to qualify for copyright registration. Additionally, the podcast also discusses, in brief, the position of copyrightability of AI-generated work in India and China.

Audio Source: An article published on the LKS website in May 2022 https://www.lakshmisri.com/insights/articles/copyright-authorship-to-artificial-intelligence-who-owns-it/#

Authors: Rajalakshmi R, Partner (LKS), and Anushka Verma, Associate (LKS)

Voice: Anushka Verma, Associate (LKS)

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This podcast seeks to provide an insight on the amendments made under the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (‘ICDR Regulations’) with respect to changes and obligations that the IPO bound companies have to comply with while filing the Draft Red Herring Prospectuses (‘DRHP’).

Audio Source: An article published on the LKS website in April 2022 https://www.lakshmisri.com/insights/articles/sebi-tweaks-ipo-norms-a-cautioned-approach/#

Authors: Sudish Sharma, Executive Partner (LKS), and Sonali Srivastava, Sr. Associate (LKS)

Voice: Neelambera Sandeepan, Joint Partner (LKS)

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This week’s podcast discusses the significance of ‘appointed date’, ‘effective date’, and various clauses of the scheme of amalgamation/ merger/ demerger in the light of indirect tax laws.

Audio Source: An article published on the LKS website in April 2022 https://www.lakshmisri.com/insights/articles/discharge-of-indirect-tax-liabilities-and-procedural-compliance-during-intervening-period-in-case-of-amalgamation/#

Author: Payal Nahar, Joint Partner (LKS)

Voice: Vrinda Maheshwari,  Lead – Business Planning and Operations (LKS)

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This week’s podcast talks about India’s plans to tax cryptocurrency. Despite floating the idea of introducing a separate Bill called ‘The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021’, to lay down a framework for regulating transactions involving cryptocurrency, the Government introduced an amendment to the Income-tax Act, 1961 instead, to tax cryptocurrency and other ‘virtual digital assets’.

Audio Source: An article published on the LKS website in April 2022 https://www.lakshmisri.com/insights/articles/crypto-taxation-in-the-finance-act-2022-the-indian-conundrum/#

Author:  Ushashi Datta, Associate (LKS)

Voice: Ena Chakravorty,  Head- PR & Corporate Communications (LKS)

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The article analyses the order of interim injunction granted by the Delhi High Court in the case of Sotefin SA v. Indraprastha Cancer Society And Research Center & Ors. The Court applied the concept of Doctrine of Equivalence to arrive at the finding of a prima facie case of infringement and dismissed the exemption of parallel import asserted by the Defendants. The article also analyses the importance of claim construction in patent infringement matters and accordingly analyses the facts of this case.

Audio Source: An article published on the LKS website in March 2021 https://www.lakshmisri.com/insights/articles/delhi-high-court-expounds-on-doctrine-of-equivalence-and-parallel-import-under-patent-law/#

Author:  Vindhya S Mani, Joint Partner (LKS)

Voice: Supriti Narayanan, Joint Partner (LKS)

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Mergers and acquisitions in India reached an all-time high in the year 2021. Last year also marks a decade of enforcement of the merger control regime in India. This week’s podcast analyses the M&A highlights of the year gone by.

Audio Source: An article published on the LKS website in April 2022 https://www.lakshmisri.com/insights/articles/merger-control-in-india-a-review-of-the-year-2021/#

Author:  Neelambera Sandeepan, Joint Partner (LKS)

Voice: Nitum Jain, Principal Associate (LKS)

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Sunset reviews require the domestic industry to prove likelihood of continuation of dumping and injury upon cessation of anti-dumping duty. This podcast discusses the recent CESTAT jurisprudence on the standard of evidence that is required to demonstrate such likelihood.

Audio Source: An article published on the LKS website in March 2022 https://www.lakshmisri.com/insights/articles/standard-of-review-in-sunset-review-investigation-cestat-shines-new-light/#

Author:  Devinder Bagia, Partner (LKS), and  Jayant Raghu Ram, Principal Associate (LKS)

Voice: Vrinda Maheshwari, Lead – Business Planning and Operations (LKS)

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