India is one of the largest e-Commerce markets, which is expanding with an unprecedented pace. With the increase in the volume and consumer base for the e-Commerce markets there should be a corresponding development of a legal framework which should able to efficiently regulate its functioning...

Section 31(8) of the Arbitration and Conciliation Act, 1996 as originally enacted dealt with costs in arbitration. The evolution of the law on the subject led to dissatisfaction. After numerous calls for reforms, the Law Commission of India in its 246th Report sought overhaul of the existing law...

In their book, The Narrow Corridor, Daron Acemoglu and James Robinson contend that prosperity requires a rule of law that threads the needle between anarchy and despotism. We emphasize that creating that rule of law is a process in which society—the citizens of a sovereign state—is in a race...

The Pharmaceutical Industry in India is one of the largest and most advanced among the developing countries. The industry now produces bulk drugs belonging to all major therapeutic groups. India's pharmaceutical industry stands third in terms of volume in the world. Its rank is 14th in terms of...

Land is one of the scarce natural resources on earth. It is not possible to either increase or decrease the land. Hence, it must be ensured that it is managed judiciously and in a sustainable manner so that the common good of the people in a long run can be ensured. Creating wealth and looking...

This paper investigates the impact of judiciaries on firms' contracting behaviour and economic performance. In 2002, the Code of Civil Procedure Amendment Act was enacted in India to facilitate speedy disposal of civil suits. Some State High Courts had already enacted some of the amendments...

Insider trading, the most conspicuous misbehaviour of the stock market, is additionally one of the most troublesome & difficult one to crack by regulators around the globe. Insider trading is a term dependent upon numerous definitions and meanings and it envelops both lawful and disallowed...

This brief academic note has been prepared as background reading material for prior study by course participants at PACT-2013 at the IACA, which the author is scheduled to address on September 25, 2013. It traces certain recent legal and regulatory developments relating to public procurement...

This article grapples with the causes of India's microfinance crisis. By contrasting Bangladesh's highly successful Grameen model with the allegedly “universalizable” version of India's SKS Microfinance (which precipitated the crisis), trust or social capital is isolated — not just...