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New Zealand boosts movie production incentives after Trump’s 100% tariff plan
New Zealand has announced a significant increase in its film industry incentives, allocating an additional NZ$577 million ($339 million) to its International Screen Production Rebate scheme. This move comes in response to US President Donald Trump’s recent announcement of 100% tariffs on films produced outside the United States.
Finance Minister Nicola Willis emphasised the country’s commitment to remaining a premier filming destination, despite broader government spending cuts. The enhanced rebate program, established in 2014, offers 20% cash rebates for feature films spending over NZ$15 million and television shows exceeding NZ$4 million in production costs.
The decision aims to protect New Zealand’s thriving film sector, which employs 24,000 people and generates NZ$3.5 billion annually, with one-third of revenue coming from the US. While competing markets like Australia, Canada, and the UK offer even more generous benefits, New Zealand, famous for hosting productions like “The Lord of the Rings” trilogy, continues to position itself as an attractive filming destination despite international pressures.
Read the original article here: https://www.msn.com/en-us/money/companies/new-zealand-boosts-movie-production-incentives-after-trumps-100-tariff-plan/ar-AA1ES01s?ocid=BingNewsVerp
BCI amends rules to let foreign law firms operate with partners in India
The Bar Council of India (BCI) has introduced landmark amendments to its rules, significantly expanding the scope of foreign law firms’ operations in India. This reform marks a crucial shift in India’s legal services market.
Under the new rules, foreign law firms can now represent clients in all international arbitration cases in India and practice before courts through their Indian-licensed advocates and partners. This is a substantial change from the previous restriction to “non-litigious” matters only. The amendments also introduce the concept of “Indian-foreign law firms,” allowing Indian law firms to register as foreign entities while maintaining their domestic practice rights. This enables Indian lawyers to work with foreign law firms without surrendering their Bar license, creating a competitive environment in the international legal space.
The reform is particularly significant for India’s aspirations to become a global arbitration hub. Foreign firms can now handle arbitrations involving domestic law, provided their clients are primarily foreign-based. This change addresses long-standing demands from international businesses operating in India and aligns with global legal practice standards.
Read the original article here: https://www.msn.com/en-in/news/india/bci-amends-rules-to-let-foreign-law-firms-operate-with-partners-in-india/ar-AA1ENfgM?ocid=BingNewsVerp&cvid=b6cbfe42ee5a4fc2e84d8b613a2b5c61&ei=24
India: Justice BR Gavai to take oath as Chief Justice, first Buddhist in the role
Justice Bhushan Ramkrishna Gavai is set to make history as India’s 52nd Chief Justice. He will become the first Buddhist and second Scheduled Caste member to hold the nation’s highest judicial position. His tenure will extend until November 23, 2025.
Throughout his distinguished career, Justice Gavai has been instrumental in several landmark judgments, including validating Article 370’s abrogation, striking down the electoral bonds scheme, and upholding the 2016 demonetization. He has also demonstrated his commitment to civil rights through significant rulings, such as granting bail to AAP leader Manish Sisodia and staying Rahul Gandhi’s conviction in the Modi surname case.
Born in Amravati in 1960, Justice Gavai’s legal journey began in 1985. He served in various capacities, including as Government Pleader and Public Prosecutor, before his elevation to the Bombay High Court in 2003. His appointment as Chief Justice of India marks a significant milestone in the judiciary’s commitment to inclusivity and constitutional values.
Read the original article here: https://www.msn.com/en-in/news/India/justice-br-gavai-to-take-oath-as-chief-justice-today-first-buddhist-in-the-role/ar-AA1EIVQw?ocid=BingNewsVerp
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