Finding the right path in consumer protection

by Anand Sahasranaman.

The recent approach paper of the Financial Services Legislative Reforms Commission has brought a fresh focus on consumer protection. What are the possible frameworks for financial consumer protection in India, and what would be the core elements of an ideal framework? This is the question that the IFMR Financial Systems Design . . . → Read More: Finding the right path in consumer protection

The Music Industry is Dying

A California district court has ruled that it’s definitely still not okay to steal from people in the music industry, even if they’re just lowly music publishers. Judge George H. Wu served LiveUniverse.com and its owner, MySpace co-founder Brad Greenspan, with a $6.6 million default judgment on Tuesday for posting the lyrics to 528 . . . → Read More: The Music Industry is Dying

The Insanity of IP

Stephan Kinsella details just how much trouble one can get into because of IP laws. Please note that this doesn’t even include file-sharing:

In his paper Infringement Nation: Copyright Reform and the Law/Norm Gap, law professor John Tehranian explains how the normal activities (see pp. 543-48) of a typical Internet user–he takes an “average . . . → Read More: The Insanity of IP

Can we get back to track on corruption now?

Somewhere in 2010 or so, I personally started getting much more gloomy about India’s problem of corruption. For a snapshot of the zeitgeist, see this group of articles from August 2010. A large swathe of the economy operates in close contact with government. If government will not sensibly make rules, and then fail . . . → Read More: Can we get back to track on corruption now?

More on Private Protection of IP

Just to clarify from an earlier post, my stance on protecting IP is that is wrong for the government to do so, but I have no issue if a private business wants to protect its intellectual creation. Furthermore, I am not a piracy positivist. I do not believe that people have a “right” to . . . → Read More: More on Private Protection of IP

Transactions Between Banks in Bad Assets: An Interesting Legal Drama

The much awaited decision of the Supreme Court in the matter of ICICI v. Official Liquidator of A.P.S. Star Industries is now available. The case had come as an appeal against a decision of the Gujarat High Court which invalidated transfer of Non-Performing Assets between banks. The decisions of the High Court and the . . . → Read More: Transactions Between Banks in Bad Assets: An Interesting Legal Drama

Does the World Bank’s Rule of Law Index Measure the Quality of Legal Institutions?

The authors of ‘Governance Matters’, Daniel Kauffman, Aart Kraay and Massimo Mastruzzi, tell us that the World Bank’s rule of law index captures “perceptions of the extent to which agents have confidence in and abide by the rules of society, and in particular the quality of contract enforcement, property rights, the police and the . . . → Read More: Does the World Bank’s Rule of Law Index Measure the Quality of Legal Institutions?