Publications

Cross-border transfers of genomic data: the Indian framework

Introduction A significant increase in medical research in India gives rise to the question – does transfer of genomic data from India require regulatory consent? India’s data protection framework is silent – and its health laws, while not so silent, do not comprehensively frame the process required for the transfer of genomic data. In summary, …

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Spice Route Legal assisted Foundamental on its investment in Dekoruma

Spice Route Legal assisted Foundamental on a pre-Series C investment into Indonesian Construction and Interior Design Platform, Dekoruma.The Investor Club included Foundamental, InterVest Star SEA Growth Fund 1, OCBC NISP Ventura, and Skystar. The existing investors of Dekoruma also participated in this round.  The Investee company was represented by PHY Law Corporation, a regional law firm …

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Spice Route Legal advised Zenfold Ventures on its investment into Iosynth Labs

Zenfold Ventures LLP, an investment fund focussed on healthcare, nutraceuticals and chemicals, has invested in India’s leading biocatalysis application company, Iosynth Labs. The investment has been made with the aim of a strategic expansion of Iosynth by producing selected chemicals and intermediates using expertise in biocatalysis, fermentation, and chemistry.  Iosynth offers bio-catalytic services and manufactures …

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Vicarious Liability for Data Breach: English Law

INTRODUCTION The Supreme Court of the United Kingdom (“Supreme Court” or “Court”) in WM Morrison Supermarkets plc versus Various Claimants[1] was faced with the question on the vicarious liability of employers for a data breach committed by employees. While this question has not yet arisen under Indian law, given the Puttaswamy judgment[2] – we suspect …

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Spice Route Legal debuts on Benchmark Litigation’s Asia-Pacific rankings

Spice Route Legal debuted on Benchmark Litigation’s ranking of leading IP Disputes Practices in Asia. The publisher singled out the Google v. Milaap decision, “where the firm represented crowdfunding platform Milaap against internet giant Google. Milaap claimed that Google was using its ad words search to direct its traffic to a competitor, Impact Guru. The …

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Spice Route Legal advised Zenfold Ventures on its investment in Esperer Onco Nutrition

Zenfold Ventures LLP, is a strategic investment and venture builder fund in the healthcare, specialty and fine chemicals, nutraceuticals and animal healthcare sectors. Esperer Onco is a nutraceutical company specialising in nutritional therapies for cancer patients. Onco nutrition is one of the critical complementary therapy for cancer patients and Esperer Onco has established a scientific …

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Digital KYC and live video based customer identification process

Introduction The Reserve Bank of India (“RBI”) notified an amendment to the Know Your Customer (“KYC”) Master Direction 2016 (“KYC Directions”) on 9th January 2020. The amendment permits Digital KYC and Video based Customer Identification (“V-CIP”) as methods to verify a customer’s identity. Digital KYC To facilitate Customer Due Diligence (“CDD”) procedures, the RBI now …

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Update: A change in the air for the drone industry in India

India’s contentiously regulated drone space may see exciting changes, soon! The Director General of Civil Aviation or the “DGCA” – the authority that regulates the unmanned aerial vehicles industry in India – has initiated talks with seven companies to explore the usage of UAVs for civilian and commercial purposes. Large food delivery providers and technology-based …

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Cash Withdrawals Via Upi: Operational Framework And Development

I. Introduction The National Payments Corporation of India (“NPCI”) owned digital payments railroad United Payments Interface (“UPI”) undoubtedly has become one of the most acceptable payment modes for digital money transfer in India. Its pace of growth can be estimated easily from the jump in the number of monthly transactions from 482.36 million in October …

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Account Aggregators As A Solution To The Consent V. Convenience Debate

Introduction Given the importance of data to the emerging fin-tech ecosystem, the RBI has introduced a new regulated entity, the “account aggregator”. An account aggregator provides, retrieves or collects financial information of a customer from financial information providers (“FIP”) and consolidates, organises and presents the information to such customer or any other RBI- approved financial …

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