Publications
SEBI UPDATE | INTERIM ORDER AGAINST JANE STREET GROUP FOR ALLEGED INDEX MANIPULATION
The Securities and Exchange Board of India (SEBI), vide an ex-parte interim order dated 3 July 2025 (Order), issued under Sections 11(1), 11(4), 11B(1), and 11D of the SEBI Act, 1992, has restrained entities of the Jane Street Group, LLC (JS Group) from participating in the Indian securities market and directed the impounding of alleged unlawful gains amounting to INR 4,843.57 crore. This action follows SEBI’s investigation into prima facie manipulative trading practices by JS Group entities in the BANKNIFTY and NIFTY indices, particularly on derivative expiry days, spanning from 1 January 2023 to 31 May 2025.
University Diploma Nullification: Legal Grounds and Recent Developments
The nullification of a university diploma is a serious legal matter with significant implications for individuals and institutions, particularly when it affects an individual’s eligibility for public office. Such decisions are often based on claims of irregularities in the admission, transfer, or graduation process. While academic institutions have the authority to revoke degrees in cases of fraud or misrepresentation, such actions must adhere to due process, legal certainty, and non-discrimination principles under international law. This article explores the general legal framework governing diploma nullification and examines a recent high-profile case involving Istanbul University’s decision to nullify the diploma of Ekrem Imamoglu, the mayor of Istanbul.
Delhi High Court Upholds Voluntary Nature of Restaurant Service Charges
Background: On 28 March 2025, the Delhi High Court delivered a significant judgment in the matter of National Restaurant Association of India & Ors. v. Union of India & Anr addressing the legality of mandatory service charges levied by restaurants and hotels....
REAL ESTATE UPDATE I SUPREME COURT: PROPERTY REGISTRATION ALONE DOES NOT CONFER OWNERSHIP
In a landmark judgment, the Hon’ble Supreme Court of India in K. Gopi v. Sub-Registrar and Others (2025 SCC OnLine SC 740) has declared Rule 55A(i) of the Tamil Nadu Registration Rules, 1983 (“Rule 55A(i)”) ultra vires of the Registration Act, 1908. The judgment...
LEGAL UPDATE | PROMOTER LIABILITY FOR HOUSING SOCIETIES IN REDEVELOPMENT
The Hon’ble Maharashtra Real Estate Appellate Tribunal (MREAT) vide order 2 June 2025 in the case of D. N. Nagar Shivneri CHS Ltd. v. Various Allottees held that a cooperative housing society undertaking self-redevelopment does not automatically qualify as a...
Legal Provisions and Compliance Strategies for White-Collar Crimes in Turkey
White-collar crime poses a significant challenge to Turkey’s financial and legal systems. The Turkish Penal Code and regulatory laws provide a comprehensive framework for prosecution, yet enforcement challenges remain due to the complexity of financial crimes. Bıçak provides comprehensive legal services in the field of white-collar crimes in Turkey, offering strategic defense and advisory solutions for individuals and corporations facing allegations of financial misconduct, fraud, bribery, embezzlement, money laundering, insider trading, and corporate malfeasance. With a deep understanding of Turkish criminal law, regulatory frameworks, and international compliance standards, our firm represents clients at all stages of criminal investigations, administrative proceedings, and court trials. We assist in conducting internal investigations, developing compliance programs, and mitigating legal risks to prevent corporate liability.
CJEU SHAKES UP GDPR LOGIC? IS IT NOT THE CONTROLLER WHO DECIDES ON THE WHY AND HOW OF DATA PROCESSING?
Determining who qualifies as the data controller in relation to a data processing operation is of crucial importance, as the controller is the primary party responsible for ensuring data protection. It is a general principle that the data controller is the one who determines the purpose – and at least the essential means – of the processing. Recently, however, this understanding appears to have become more nuanced. In this article, we analyse a recent decision of the CJEU, which includes some surprising findings.
Smartlegal Schmidt&Partners reports from Hungary:
SEBI Update: Amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The Securities and Exchange Board of India ( SEBI ) introduced significant amendments to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 LODR Regulations on April 14, 2025. These amendments, primarily effective from April 1, 2025, strengthen corporate governance frameworks, with a particular focus on entities with high-value listed non-convertible debt securities, i.e., High-Value Debt Listed Entities (HVDLEs). The changes aim to enhance transparency, protect debenture holders, and align with global sustainability and governance standards.
Frontier Technologies and Intellectual Property Protection in Turkey: AI, Blockchain, and Beyond
As frontier technologies such as Artificial Intelligence (AI), Blockchain, Standard Essential Patents (SEPs), Non-Fungible Tokens (NFTs), and Cryptocurrencies continue to transform industries, they pose new challenges and opportunities for intellectual property (IP) protection in Turkey. This article examines the evolving legal landscape, exploring how Turkey’s IP regulations adapt to these innovations and align with global frameworks like those set by the World Intellectual Property Organization (WIPO). Key issues include the patentability of AI-generated inventions, copyright protection for machine-generated content, IP enforcement in the digital space, and the role of blockchain in securing IP rights. Additionally, we assess emerging trends in IP dispute resolution, licensing strategies, and regulatory compliance for businesses operating in Turkey’s technology-driven economy. Bıçak Law Firm, with its extensive expertise in intellectual property law and technology-related legal matters, provides strategic legal solutions to protect innovation and ensure compliance with both national and international IP standards. Our services support businesses, startups, and creators in safeguarding their intellectual assets against infringement, misappropriation, and legal uncertainties in this rapidly evolving digital era.
ARBITRATION UPDATE: SUPREME COURT CLARIFIES LIMITS ON MODIFICATION OF ARBITRAL AWARDS
Overview: In a recent landmark judgment by the Hon’ble Supreme Court of India in the case of Gayatri Balasamy v. M/s. ISG Novasoft Technologies Limited and other connected appeals, the Court addressed the contentious issue of whether courts exercising jurisdiction...