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Central Govt. Establishes Central Consumer Protection Authority

The Central Government has established the Central Consumer Protection Authority with its headquarter at New Delhi, with effect from 24th July 2020. Central Consumer Protection Authority [CCPA] is a national level regulator dealing with matters relating to violation of rights of consumers, unfair trade practices and false or misleading advertisements which are prejudicial to the interests of public and consumers. Chapter III of the Consumer Protection Act, 2019 contains provisions regarding CCPA. The provisions related to the CCPA, which were not notified last week, will come into force with effect from 24th July. Many provisions of the Consumer Protection Act , 2019 and various Rules had come into force on 20th July itself.

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.