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The legal risks primarily arise either due to lack of clarity of the documentation of the product or the act of the counterparty. Change in legal environment due to legislative changes and Court interpretations/proceedings also result in legal risk. Legal risk includes risk of non-enforceability of contract or in-correct documentation resulting in the increased probability of loss. Broadly, legal risks may result in (i) claims against institution, (ii) fines, penalties, punitive damages, (iii) unenforceable contracts resulting from defective documentation, and (iv) loss of institutional reputation
Recently, Akasa airline received its air operator certificate (AOC) from the Directorate General of Civil Aviation (DGCA), who is the owner of this airl...
What percentage of the total cost for the ₹1.45 lakh crore capital acquisition proposals approved by the Defence Acquisition Council will come from in...
Which Tata Group Chairman has been awarded France's highest civilian award Chevalier de la Legion d'honneur?
What milestone was achieved by Ratapani Tiger Reserve in Madhya Pradesh?
Which country announced USD 120 million in new loans to Sri Lanka to grow and support small and medium-sized businesses in the debt-ridden island nation?
By what percentage did India’s Foreign Exchange Earnings (FEE) grow from January to June 2024 compared to the same period in 2023?
Sub-Lieutenant Anamika B. Rajeev recently became the Indian Navy’s first woman helicopter pilot. During which event was this milestone celebrated?
How many biological samples are housed in India’s first diabetes biobank?
Which country recently signed an MoU with India on anti-doping education and prevention?
Consider the following statements regarding the directions provided by the Reserve Bank of India with respect to regulating entities facilitating cross ...