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Centre Publishes Draft Code On Wages (Central) Rules; Invites Objections & Suggestions From Public

The Central Government has published a draft of Code on Wages (Central) Rules, 2020, inviting objections and suggestions from the public. Code on Wages, 2019, which subsumes four existing laws on labour wages – the Payment of Wages Act, 1936; the Minimum Wages Act, 1948; the Payment of Bonus Act, 1965, and the Equal Remuneration Act, 1976 was passed by Parliament last year. The Code received the assent of the President on the 8th of August, 2019.

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.