The Supreme Court has upheld an arbitral award that holds a husband jointly liable for his wife’s stock market losses. The ruling confirms that an oral contract establishing joint and several liability falls within the arbitration clause's scope under BSE Bye-law 248(a), reinforcing the validity of oral agreements in financial transactions.
Vedanta Limited has been slapped with a GST penalty of ₹1,07,80,010 for payment issues under the reverse charge mechanism on supplies from FY 2017-18 to 2019-20. The company plans to appeal the order before the Appellate Authorities.
UniCredit, an Italian multinational banking group, has succeeded in having a legal order overturned by the London Court of Appeal in its dispute with RusKhimAlyans, a Gazprom subsidiary. The case arose from UniCredit's refusal to pay bank guarantees amid Western sanctions following Russia's invasion of Ukraine, potentially averting a €250 million fine.
New Zealand Rugby is taking legal action against Ineos after the British multinational failed to pay the first installment of the 2025 sponsorship fee, effectively abandoning the sponsorship deal with the All-Blacks.
