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Most Provisions of Consumer Protection Act to Come into Force on 20 July 2020

The Central Government has issued a notification by which it appoints the 20th day of July, 2020 as the date on which the many provisions of the Consumer Protection Act , 2019 shall come into force. Last year, the Parliament had passed the Consumer Protection Bill 2019, which seeks to wholly replace the Consumer Protection Act 1986. The Act seeks to provide for protection of the interests of consumers and for the said purpose, to establish authorities for timely and effective administration and settlement of consumers’ disputes. The Bill received the assent of the President on 9th 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.