Foreign Law Firms

Nigeria’s House of Representatives Committee on Financial Crimes has reportedly summoned Teng on suspicions of the exchange’s potential involvement in money laundering and terror financing. The deadline for this meeting was supposed to be March 4, but news about this meeting having taken place hasn't yet come to light.

CoinDCX, that claims to have seen a 2,000 percent hike in crypto desposits in the last few days, has decided to offer one percent bonus to all investors who make deposits on the exchange between January 9 and January 17, 2024.

For India, the deployment of final crypto laws could still be at least 18 months away. Pankaj Chaudhary, Minister of State for Finance, this week told the Rajya Sabha that India is currently laying focus on assessing the impacts and risks that crypto could pose on its existing financial systems.

Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.

The Enforcement Directorate on Thursday said it carried out searches against a Bengaluru-based online education company, fully owned and controlled by Chinese nationals, for allegedly violating the foreign exchange law and remitting Rs 82 crore to China 'illegally'.

The Bar Council of India (BCI) assured Indian lawyers on Sunday that foreign advocates and law firms will not be allowed to appear in any court or judicial forum and that they can only advise their clients about foreign laws and international laws.

Amid legal challenges around crypto sector in India, Giottus CEO Vikram Subburaj has admitted to have avoided taking many decisions to prevent its business from getting in legal troubles. Subburaj said the company has not onboarded any foreign parent or even investor and has neither launched any native coin that may cause its users financial risks ...

The Bar Council of India in new rules issued on Wednesday said foreign lawyers and law firms can also advise on international arbitration cases on a reciprocal basis.

Russia regulator Rozkomnadzor said on Friday that it was would take punitive action against TikTok, Telegram messaging service, Zoom Video Communications, chat tool Discord and Pinterest. The country's regulator did not say what action it would take against the five foreign IT companies, but revealed that they had violated online content laws, whic...

China has expressed hope that the ongoing investigation of Vivo India in a money laundering case by the Enforcement Directorate (ED) would be conducted in accordance with the law and regulations, providing a "fair" and "non-discriminatory" business environment to China’s firms. Chinese Foreign Ministry spokesman Zhao Lijian stated on Wednesday th...

An Indian court is said to have put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi for suspected violations of foreign exchange laws, according to sources.

Probe agency Enforcement Directorate has summoned Manu Kumar Jain, Xiaomi's former India managing director, to appear before it in a probe linked to the firm's business practices conformed with Indian foreign exchange laws, sources said today.

President Vladimir Putin has signed a law obliging foreign IT firms to open offices on Russian territory, a document published by the government on Thursday showed, the latest move by Moscow to exert greater control over Big Tech.

Russia has said that it hopes Moscow won’t have to block Western tech giants and stressed that the companies had to abide by Russian law. Russian authorities have in recent months ramped up pressure on foreign social media platforms, especially Twitter.

Accusing the opposition of false propaganda against the new agri-marketing legislation, Prime Minister Narendra Modi on Tuesday claimed that those who had made laws for bringing in foreign firms are now creating a scare among farmers over local companies.

Nigeria’s House of Representatives Committee on Financial Crimes has reportedly summoned Teng on suspicions of the exchange’s potential involvement in money laundering and terror financing. The deadline for this meeting was supposed to be March 4, but news about this meeting having taken place hasn't yet come to light.

CoinDCX, that claims to have seen a 2,000 percent hike in crypto desposits in the last few days, has decided to offer one percent bonus to all investors who make deposits on the exchange between January 9 and January 17, 2024.

For India, the deployment of final crypto laws could still be at least 18 months away. Pankaj Chaudhary, Minister of State for Finance, this week told the Rajya Sabha that India is currently laying focus on assessing the impacts and risks that crypto could pose on its existing financial systems.

Indian online gaming firms planning to relocate overseas to avoid a new 28 percent tax on the sector run the risk of violating the country's foreign exchange laws, Vivek Johri, head of the indirect taxes' department, said on Thursday. New Delhi does not plan to implement the tax retrospectively, he said, in response to speculation it could do so.

The Enforcement Directorate on Thursday said it carried out searches against a Bengaluru-based online education company, fully owned and controlled by Chinese nationals, for allegedly violating the foreign exchange law and remitting Rs 82 crore to China 'illegally'.

The Bar Council of India (BCI) assured Indian lawyers on Sunday that foreign advocates and law firms will not be allowed to appear in any court or judicial forum and that they can only advise their clients about foreign laws and international laws.

Amid legal challenges around crypto sector in India, Giottus CEO Vikram Subburaj has admitted to have avoided taking many decisions to prevent its business from getting in legal troubles. Subburaj said the company has not onboarded any foreign parent or even investor and has neither launched any native coin that may cause its users financial risks ...

The Bar Council of India in new rules issued on Wednesday said foreign lawyers and law firms can also advise on international arbitration cases on a reciprocal basis.

Russia regulator Rozkomnadzor said on Friday that it was would take punitive action against TikTok, Telegram messaging service, Zoom Video Communications, chat tool Discord and Pinterest. The country's regulator did not say what action it would take against the five foreign IT companies, but revealed that they had violated online content laws, whic...

China has expressed hope that the ongoing investigation of Vivo India in a money laundering case by the Enforcement Directorate (ED) would be conducted in accordance with the law and regulations, providing a "fair" and "non-discriminatory" business environment to China’s firms. Chinese Foreign Ministry spokesman Zhao Lijian stated on Wednesday th...

An Indian court is said to have put on hold a federal enforcement agency's decision to seize $725 million from local bank accounts of China's Xiaomi for suspected violations of foreign exchange laws, according to sources.

Probe agency Enforcement Directorate has summoned Manu Kumar Jain, Xiaomi's former India managing director, to appear before it in a probe linked to the firm's business practices conformed with Indian foreign exchange laws, sources said today.

President Vladimir Putin has signed a law obliging foreign IT firms to open offices on Russian territory, a document published by the government on Thursday showed, the latest move by Moscow to exert greater control over Big Tech.

Russia has said that it hopes Moscow won’t have to block Western tech giants and stressed that the companies had to abide by Russian law. Russian authorities have in recent months ramped up pressure on foreign social media platforms, especially Twitter.

Accusing the opposition of false propaganda against the new agri-marketing legislation, Prime Minister Narendra Modi on Tuesday claimed that those who had made laws for bringing in foreign firms are now creating a scare among farmers over local companies.