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Madras HC Issues Notice To IRDAI On Plea Seeking Refund/ Adjustment Of Motor Vehicle Premiums During Lockdown

The Madras High Court recently issued notice to the Insurance Regulatory Development Authority of India (IRDAI) on a PIL seeking refund/ adjustment in the motor vehicle premiums paid by the insurance holders, pursuant to the nation-wide lockdown. The petition has been filed by Advocate G. Rajkumar, stating that the authority should be directed to take appropriate policy measures to give relief to insurance holders, who could not use their vehicles during the lockdown period.

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.