Several authors of copyrighted books have filed class action lawsuits against major tech market players, alleging systematic copyright infringement. The allegations stem from tech companies’ unauthorised use of copyrighted content to develop large language models (“LLMs”), which provide these tech companies a competitive edge in the Artificial Intelligence (“AI”) market.Continue Reading The Global Reckoning: How Copyright Lawsuits Are Defining AI’s Legal Boundaries
International law enforcement authorities are increasingly relying on mutual cooperation to obtain evidence or information outside their jurisdictional authority. Conducting joint investigations into prospective securities law violations, spanning countries, is also becoming common practice. This article discusses the scope and powers of the United States Securities and Exchange Commission (“SEC”) to seek/ obtain documents and witness testimonies from an Indian national involved in potential securities law violations abroad, which may have implications in the United States.Continue Reading Scope of summoning Indian nationals for virtual testimonies by Securities and Exchange Commission- Legal limits by local laws and international cooperation framework
In recent years, Environmental, Social and Governance (“ESG”) factors have garnered significant attention from investors, regulators, and stakeholders worldwide due to several reasons. Investors, customers, employees, and other stakeholders are increasingly demanding greater transparency and accountability from companies regarding their ESG performance. ESG factors are being recognised as material risks that can impact a company’s long-term financial performance and sustainability. Companies with strong ESG performance and transparent disclosures differentiate themselves in the market with enhanced reputation, resultantly building stakeholder trust. Comprehensive ESG disclosures are allowing companies to identify and manage risks related to environmental and governance issues and social factors and address them proactively.Continue Reading SEBI’s ESG Disclosure Mandates: Unveiling the Value Chain