BTG Advaya

Generative Artificial Intelligence, or GenAI, is poised to transform the legal profession as many law firms and corporate legal departments are already exploring the GenAI pool, say tech savvy legal professionals and tech experts. Law firms and corporate legal departments are dipping their toes into the GenAI pool, experimenting with tools like ChatGPT and Microsoft’s Copilot Kalindhi Bhatia shares her thoughts on GenAI in an article titled "Legal fraternity may explore Gen AI to reduce errors, enhance efficiency" published in The Hindu. Read the article here: https://lnkd.in/dv2fhkgB

Streaming platforms are already on the backfoot as far as tackling religious and political themes go, with some finished projects not even releasing. It is now becoming increasingly common for films and shows to be delayed or put on the backburner by OTT services. Ayan Sharma shares his thoughts with LiveMint on the subject. To read the entire article, please visit: https://lnkd.in/d-2MMGfR

We are pleased to share that Parveen Arora and Ishaan Chopra have won the Mondaq Thought Leadership Award (Spring 2024). Their article 'Unboxing India's 'Green Credit' Rules 2023', was ranked as the #3 article on Environmental Law. To read the article, please visit: https://lnkd.in/dvvnYF7J

We are thrilled to share that Suruchi Kotoky, who's an integral member of our Energy and Infrastructure team has been recognised at the Women in Energy Forum 2024. The Women in Energy Forum, which is an integral part of the India Energy Storage Week (IESW), serves as a significant platform dedicated to honouring and empowering women leaders in the energy sector. The recognition is given for exemplary contributions and leadership in shaping the future of energy.

We are pleased to share that Vikram Jeet Singh and Ayan Sharma have won the Mondaq Thought Leadership Award (Spring 2024). Their article 'Frequently Asked Questions ("FAQs") On Digital Personal Data Protection Act, 2023', was ranked as the #1 article on Data Protection. To read the article, please visit: https://lnkd.in/dU9jZhFJ You can also find all our insights on the evolving data protection landscape in India, on our dedicated microsite: https://lnkd.in/gcyZR9yw

Prashant Mara, Xerxes Antia, Amit Kumar Baid and Pratik Bakshi will be speaking at Impact Investors Council (IIC)'s The India Room: Nordic & Northern European Chapter, to be hosted in Mumbai. This event will on engaging Nordic and Northern European investors, promises to shed light on impactful investment opportunities in India. The event will see participation from various LPs from the Nordic region, Indian fund managers, and will have Mr. Arne Jan Flølo, Consul General of the Royal Norwegian Consulate General Mumbai, as the chief guest.

India is set for a major transformation in its legal system with the implementation of three new criminal laws starting today, July 1. The Bharatiya Nyaya Sanhita (BNS), the Bharatiya Nagrik Suraksha Sanhita (BNSS), and the Bharatiya Sakshya Adhiniyam (BSA), which were passed in Parliament last December, will replace the colonial-era Indian Penal Code (IPC) of 1860, the Criminal Procedure Code (CrPC) of 1973, and the Indian Evidence Act of 1872, respectively. BTG Advaya is closely tracking the developments and will come out with a series of articles on 'what changes'. In the meanwhile, please read Aishwarya Kaushiq's comments on the new laws. https://lnkd.in/deDYzgDU

The Ministry of Power has recently on June 14, 2024, released revised guidelines for determining compensation for damages regarding right of way for laying transmission lines under Sections 67 and 68 of the Electricity Act, 2003. Suruchi Kotoky and Ishaan Chopra provide a brief summary of these Guidelines.

We are pleased to share that Ramesh Vaidyanathan and Parveen Arora have been listed in Forbes India's Legal Powerlist for 2023, in the category of Top 100 individual lawyers. A prominent panel of jury, including former judges of the Supreme Court pick the top candidates for the list, from over 1500 entries.

The number of credit cards reached 100 Mn in 2024, a 400% jump from 20 Mn in 2014 to over 102 Mn by April 2024. Despite a remarkable rise in UPI payments due to the digital payment platform’s speed and convenience, India’s credit card market has not taken much of a hit. For instance, the total number of credit cards rose to 10.18 Cr in FY24, compared to 8.53 Cr in the previous financial year (a 19% jump), according to the RBI. CRED, set-up in 2018 has obtained an in-principle approval from RBI to operate as a payment aggregator. They have also introduced a host of value-added services over the years, such as CRED Cash and CRED Mint, CRED UPI, Tap to Pay without requiring any physical card and CRED RentPay, with provision for setting up auto-payment. Kalindhi Bhatia provides comments on an article titled 'Decoding the CREDverse' published in Inc42 Media, answering some key legal and regulatory questions around CRED's business. You may read the article here: https://lnkd.in/gfQV_bv4