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Constitution Guarantees Right To Trade, Not Profit-Allahabad High Court Dismisses Stamp Venders’ Plea Seeking Continuation Of Stamp Papers in Physical form

The Allahabad High Court dismissed a writ petition filed by the All UP Stamp Vendors Association, seeking continuation of judicial and non-judicial stamp paper in its physical form. A Single Bench of Justice Yashwant Varma dismissed the Association’s contention that discontinuation of paper stamps by the State Government violates the constitutional protections guaranteed by Articles 19(1)(g), 21 and 38 of the Constitution. At the outset, it was observed that merely because the Government has introduced E-Stamping Rules, does not show that it has discontinued the use of physical stamp altogether. Even otherwise, the Association’s members’ right to deal in stamps is not a right but it is founded exclusively on the license granted under the UP Stamp Rules 1942.

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.