On 1-2 November 2023, the inaugural edition of the AI Safety Summit was held at the Bletchley Park, Buckinghamshire. The AI Summit was organised with the intent to assess the risks posed by the transformational technology of Artificial Intelligence by way of a global endeavour.
A recent High Court decision in MakeMy Trip India Pvt. Ltd v Dialmytrip Tech Pvt Ltd demonstrates that new market entrants must be wary of confusing customers through their trademarks.
The Insurance Regulatory and Development Authority of India (IRDAI) released a circular entitled ‘Amendment of Arbitration Clause in General Insurance Policies’ which clarified the issue of arbitrability of insurance disputes by stating that arbitration clauses in insurance policies should only be used for commercial lines of business.
The Supreme Court clarified that nominations under the Companies Act do not grant absolute rights of ownership in favour of the nominee. Moreover, the usual mode of succession should not be impacted by such a nomination. The legal heirs therefore cannot be excluded by virtue of nomination.
A UK Supreme Court ruling provided clarification on whether litigation funding agreements that permit funders to receive a portion of the awarded damages fall under the category of “damages-based agreements” as defined by the relevant legal regulations.
Despite an earlier ruling, upon further review a seven-judge bench of the Supreme Court held that non-payment of stamp duty is a curable defect and unstamped contracts, though inadmissible as evidence, do not invalidate arbitration agreements.
