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A Framework for Using AI in the Indian Financial Sector INTRODUCTION On August 13, 2025, the Reserve Bank of India (“RBI”) released the ‘Free-AI Committee Report’ (“FREE AI Report”), which deals with the use and development of artificial intelligence (“AI”) models by entities regulated by the RBI (such entities, “REs”). Earlier, in December 2024, the

Supreme Court Asked to Clarify Definition of Printed Publication in Patent Law SCOTUS Petition Questions Scope of Prior Art in AIA IPR Proceedings Overview of the Legal Dispute Lynk Labs, a developer of alternating current light-emitting technology, has formally petitioned the U.S. Supreme Court to review a ruling by the U.S. Court of Appeals for

MiniMax AI accused of pirating iconic Hollywood characters in landmark lawsuit Major Hollywood studios allege large-scale piracy of copyrighted characters by AI image and video generator In a significant legal move, Disney Enterprises along with 11 other prominent entertainment companies have filed a lawsuit against Chinese artificial intelligence (AI) image and video generator MiniMax. The

Skadden Advised Devon Energy on WaterBridge $677 Million IPO The multinational law firm, Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates advised Devon Energy, as a minority shareholder, on the closing of WaterBridge’s upsized initial public offering of $677 million, one of the largest IPOs in the energy sector since 2019. The Skadden team

Sidley Advised Proalpha Group on Acquisition of Insiders Technologies GmbH The Global Law Firm, Sidley advised Proalpha Group, a leading provider of ERP and business application solutions for the midmarket, on its acquisition of Insiders Technologies GmbH, a specialist in AI-based document processing and cognitive process automation. The transaction strengthens Proalpha Group’s Industrial AI platform

Finance Act 1994 Section 68(2) applied in service tax dispute “Tribunal Upholds Service Tax Demands on Legal, Transport, and Works Contract Services; Penalties Set Aside Under Finance Act” The Customs, Excise and Service Tax Appellate Tribunal, Allahabad bench, has recently delivered a landmark judgment concerning service tax liabilities on legal consultancy, reconciliation discrepancies, and goods

Element Biosciences alleges coercion of customers by Illumina in lawsuit Patent disputes escalate between leading DNA sequencing companies Life sciences innovator Element Biosciences has escalated its ongoing dispute with gene-sequencing leader Illumina by filing separate lawsuits in federal courts in California and Delaware. The complaints, lodged on Monday, allege that Illumina has engaged in anticompetitive

Latham & Watkins Advised NVIDIA on US$5 Billion Investment in Intel The global law firm, Latham & Watkins LLP advised NVIDIA Corporation (NASDAQ: NVDA) in connection with its US$5 billion investment in Intel Corporation (NASDAQ: INTC). The transaction involves NVIDIA acquiring Intel common stock at a purchase price of US$23.28 per share as part of

Shardul Amarchand Mangaldas & Co. advised Carlyle on the sale of its stake in Yes Bank Limited to Sumitomo Mitsui Banking Corporation The Leading Law firm in India, Shardul Amarchand Mangaldas & Co. (SAM) advised CA Basque Investments, an affiliate of Carlyle, on the sale of its entire shareholding in Yes Bank Limited (“Yes Bank”)

Legal Bites presents a curated list of seven must-read books to enrich your legal journey in 2025. To truly grow as a future lawyer, one must not only master statutes and procedures but also understand the philosophy of law, the art of legal reasoning, and the impact of law on society. Each book is selected