Case Highlights

BAR COUNCIL OF INDIA v. A.K. BALAJI AND ORS.
SUPREME COURT OF INDIA

The issue involved in this batch of matters is whether foreign law firms/lawyers are permitted to practice in India. Reference needs to be made to two leading matters. Civil Appeal Nos.7875-79 of 2015 have been filed by the Bar Council of India against the Judgment of Madras High Court dated 21st February, 2012 in A.K. Balaji versus The Government of India. Civil Appeal No.8028 of 2015 has been filed by Global Indian Lawyers against the judgment of Bombay High Court dated 16th December, 2009 in Lawyers Collective versus Bar Council of India....

Article Highlights

Bai` al-Sarf (Currency Exchange)

Islamic finance
Bank Negara Malaysia issues policy document on Bai` al-Sarf
The Bank has issued the policy document on Bai` al-Sarf. It aims to promote end-to-end Shariah compliance within the Islamic financial institutions (IFIs) by specifying Shariah and operational requirements in relation to its application in Islamic financial transactions. The Shariah requirements highlight salient features and essential conditions of a bai` al-sarf contract. The operational requirements outline the regulatory expectations with respect to the governance and oversight, structuring, risk management as well as business and market conduct of bai` al-sarf.

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J&J Must Pay Millions Over Banker's Baby Powder Cancer Claim

Healthcare
First time jury backs consumer's claims Johnson & Johnson's baby powder causes mesothelioma
Johnson & Johnson and a talc mining company must pay at least $37 million to an investment banker who blamed the companiesí products for causing him to develop a deadly cancer linked to asbestos. Jurors in state court in New Brunswick, New Jersey concluded Thursday J&J and Imerys SA hid that their talc-based products, including J&Jís iconic baby powder, had been tainted by asbestos and helped cause Stephen Lanzo IIIís disease. The jury will also weigh next week whether the companiesí mishandling of the talc warrants an award of punitive damages.

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