Justices refuse to force refund of excessive bankruptcy fees

Justices refuse to force refund of excessive bankruptcy fees

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Two years after the court ruled that a disparity in bankrupt debtors’ fees between judicial districts was impermissible, the justices on Friday ruled 6-3 that charging equal fees going forward is an adequate remedy for that disparity. The government will not have to pay back debtors who paid more than they would have in another district.  

In most districts (88 out of the 94 federal judicial districts), Chapter 11 bankruptcy cases are administered by the Office of the … Read the rest

Regulatory framework governing ‘foreign contributions’: Ambiguity leading to excessive stringency

Regulatory framework governing ‘foreign contributions’: Ambiguity leading to excessive stringency

The Foreign Contribution (Regulation) Act, 2010, and the rules framed thereunder regulate ‘foreign contribution’. This post examines how heightened policing calls for stringent compliance by entities receiving ‘foreign contribution’.

Evolving regulatory framework for ‘foreign contributions’

The first law to regulate ‘foreign contributions’ in India, the Foreign Contribution (Regulation) Act of 1976 (“Old Regime”), was passed during the Emergency to safeguard against the misuse of ‘foreign contributions’ for activities that may be detrimental to ‘national security’.[1] This was thereafter … Read the rest