One Rulebook for the G-Sec Market: Decoding the RBI's 2026 Draft Master Direction on Secondary Market Transactions in Government Securities

May 13, 2026 • 31 min read

Plugins Are Not Harnesses: A Practitioner's Guide to Choosing Between Claude and LITT for Legal Work

April 08, 2026 • 4 min read

The 4-Month VLOOKUP: Why the Electoral Bonds Case is a Masterclass in Judicial Intolerance

April 07, 2026 • 4 min read

Can You Go to Jail for a Murder You Didn't Commit? Decoding Constructive Liability

April 07, 2026 • 4 min read

Decoding the "Paramvir Singh Mandate": The Supreme Court's War on Blind Spots

April 06, 2026 • 4 min read

The Burden of Proof: What ICE Teaches Us About India’s Citizenship Tribunals

April 05, 2026 • 4 min read

Game of Skill or Game of Chance? Inside India’s Billion-Dollar Betting Loophole

April 04, 2026 • 3 min read

Earth System Governance: How "Planetary Boundaries" are Rewriting Climate Law

April 03, 2026 • 3 min read

The Trillion-Dollar Vacuum: Why the Outer Space Treaty is a Commercial IP Nightmare

§ II

Case Studies

Browse Archive →

Case Study: Delhi Metro Rail Corporation Ltd. v. Delhi Airport Metro Express Pvt. Ltd.

The Supreme Court allowed DMRC’s curative petition, setting aside a "patently illegal" arbitral award. The Court ruled that conflating "curing defects" with "taking effective steps" and ignoring vital CMRS safety evidence caused a grave miscarriage of justice, creating an undeserved windfall.

March 31, 2026

Case Study: Rejanish K.V. v. K. Deepa

The Supreme Court in Rejanish K.V. v. K. Deepa (2025) held that judicial officers with seven years of prior advocacy are eligible for direct recruitment as District Judges under Article 233(2), overruling Dheeraj Mor and affirming equality in eligibility.

October 13, 2025

Case Study: Sri Hansraj Koley v. The Secretary, Labour Department and Others

In Sri Hansraj Koley v. The Secretary, Labour Department (WPA 10043 of 2025), Calcutta HC held guest faculty not a "workman" under Industrial Dispute Act, 1947, as they are not regularly employed and receive honorarium, not wages, dismissing the writ petition.

July 19, 2025

Case Study: Philip Morris v. Uruguay

The Philip Morris v. Uruguay case reaffirmed states' rights to regulate in the public interest, particularly for health measures. The ICSID tribunal ruled that Uruguay's tobacco regulations did not constitute expropriation or unfair treatment, setting a key precedent.

March 28, 2025

Case Study: Siemens A.G. v. The Argentine Republic

The Siemens v. Argentina case reaffirmed investor protections under BITs, ruling Argentina’s termination of Siemens’ contract as unlawful expropriation. The ICSID tribunal awarded Siemens over $217 million, reinforcing fair treatment and state obligations in investment disputes.

March 24, 2025

Case Study: SD Myers v. Canada

The SD Myers v. Canada case set key precedents in NAFTA arbitration, clarifying national treatment, minimum standard of treatment, and damages in non-expropriation cases. The Tribunal found Canada's PCB export ban discriminatory, awarding SDMI CAN$6 million in compensation.

March 22, 2025

Case Study: Metalclad Corp. v. United Mexican States

Metalclad v. Mexico highlights indirect expropriation under NAFTA, where regulatory actions deprived an investor of economic use. The tribunal ruled in favor of Metalclad, awarding $16.5M, but a Canadian court partially annulled the decision, limiting its scope.

March 16, 2025

Case Study: Tecnicas Medioambientales Tacmed S.A. (Tecmed) v. Mexico

The Tecmed v. Mexico case (ICSID Case No. ARB(AF)/00/2) established that politically motivated regulatory actions can constitute expropriation. The tribunal ruled that Mexico’s refusal to renew a landfill permit violated investor protections, awarding $5.5M in damages.

March 12, 2025

§ III

Columns

Read all Columns →

Sushant Shukla

One Rulebook for the G-Sec Market: Decoding the RBI's 2026 Draft Master Direction on Secondary Market Transactions in Government Securities

The Reserve Bank's draft Master Direction collapses 36 legacy circulars into one rulebook for secondary market trading in Government securities. T+1 settlement as default, calibrated When Issued limits, short sale codified for all eligible entities, and a defined FEMA pathway for non-residents.

Sushant Shukla

From Credit Models to Frontier AI: Inside the RBI's 2026 Draft Guidance on Model Risk Management

The RBI's draft Guidance on Model Risk Management, 2026 puts every model used by India's banks, NBFCs and FIs, statistical, algorithmic and AI alike, under a single Board-owned framework, and writes the regulator's first detailed AI rulebook. A clause-by-clause analysis.

Legal Wires

How Does India's Securities Regulator Actually Work?

An empirical study of 35,417 SEBI orders — settlements, adjudications, whole-time-member directions and tribunal appeals from 1995 to 2026 — answering ten questions about how India's securities regulator really enforces the law.

Anish Sinha

Navigating without a Helmsman vis-à-vis liability for Maritime autonomous surface ships under Singapore Law

Maritime tort law assumes a human helmsman whose negligence can be tested against the reasonable mariner. Autonomous vessels obliterate that assumption. This article maps how Singapore's Spandeck framework, COLREGs, and limitation regimes hold — or fail — when no one is at the wheel.

Anish Sinha

The Punjab Anti-Sacrilege Law, 2026: The High Constitutional Costs of Legislating in Fear

The Punjab Amendment Act 2026 prescribes harsher sacrilege sentences than Pakistan’s blasphemy law. A constitutional analysis of legislative competence, repugnancy with BNS, vagueness, and proportionality.

Mahek Bhatter

The Green Shift: Navigating Singapore's New Patent Landscape for Climate Tech

Singapore follows a technology-neutral approach that reflects a maturing IP ecosystem. Singapore's four-month grant window remains the gold standard for innovators who need to move at the pace of climate change.

Anish Sinha

Recusal, Necessity, and Structural Conflict: Re-examining Judicial Impartiality in Constitutional Adjudication.

When a Chief Justice steps aside from a constitutionally significant case, it raises foundational questions about judicial impartiality and institutional duty. Examining the doctrine of recusal, necessity, and structural conflicts in India's apex judiciary.

Shivani Chauhan

Advertisement- its inclusion in freedom of speech and expression

An analysis of the right to advertisement under Article 19(1)(a) of the Indian Constitution, advertising regulation through ASCI and key statutes, comparative advertising norms, and landmark cases including Tata Press v. MTNL and Hamdard Dawakhana.

§ IV

Lex-O-Pedia

Explore Lex-O-Pedia →

How are Ownership of Different Rights and Duration of Copyright Protection Regulated Under Copyright Law?

Indian Copyright Act defines who controls a work and for how long. While authors usually hold rights, exceptions exist. Ownership and duration exist to balance between creator incentives and public access.

What is the Role of Sections 3 and 4 in the Indian Patent Law?

The Indian Patent Act (Sections 3 & 4) prevents monopolies on non-patentable items like traditional knowledge, atomic energy, and mere discoveries. Landmark cases like Novartis reinforce that incremental changes must show "enhanced efficacy" to protect public interest and genuine innovation.

How does Censorship in Films affect the Right to Freedom of Speech and Expression?

Understand film censorship in India through the lens of the CBFC, the Cinematograph Act 1952, and Article 19(1)(a). Explore how courts balance free speech with reasonable restrictions, key cases like K.A. Abbas and S. Rangarajan, and the evolving film certification framework including U/A grades.

What is Compelled Speech under Indian Media Law and Constitutional Law ?

Exploring compelled speech under Indian media and constitutional law — the right to speak and the right to silence under Article 19(1)(a), with analysis of Bijoe Emmanuel, the national anthem case, and emerging challenges in digital media regulation.

Will Force Majeure apply to the impending LPG crisis in India?

Will a wave of force majeure litigation hit Indian courts and will it be successful?

What is the impact of Globalization on Investment Law?

Globalization has transformed investment law, shaping foreign direct investment (FDI) flows, regulatory frameworks, and investor protections. Bilateral treaties, dispute mechanisms, and economic integration reflect the evolving legal landscape of cross-border investments.

What is the role of the International Centre for Settlement of Investment Disputes (ICSID)?

The International Centre for Settlement of Investment Disputes (ICSID) provides a neutral forum for resolving disputes between states and foreign investors. Established in 1966 under the ICSID Convention, it ensures impartial arbitration and conciliation, fostering investment stability.