PANDA LAW

Pranay Agrawala and I attended recently attended the India Blockchain Summit 2024 at Delhi, organized by MeitY Startup Hub at the Talkatora Indoor Stadium. The event brought us face to face with the raw ambition latent in Digital India, and the rough edges of an emerging #web3 industry. There were approximately 1500 attendees at one time or another. The event was in two parts, the stage inside- hosting panel discussions, presentations and awards, and the kiosks outside, where conversations flowed. The discussion on ‘Trusting the trustless technology' was particularly interesting, as Mr. Dilip Chenoy from Bharat Web3 Association and the panelist explored the paradoxes of the web3 industry as it stands today. Outside the stadium, some promised to change the world, others focused on practical solutions, and a few left their intentions a bit… vague. Yet, each project brought a unique perspective on blockchain’s future. We connected with teams from Kalp Studio, AltVision Technologies, TRST01™-01, Qila.io, Anuvadini AI, amongst many more. Clearly a lot of diversity in the industry, some superb work being done. Unlike other overly optimistic web3 gatherings, this summit focused on hands-on engagement with the present. Maybe because of the absence of entry fee. Open source deserves free entry, as far as I’m concerned. When we spoke to the teams in attendance, we found them grappling with the complex, messy reality that is a web3 businesses. A sampling of our conversations: -How can one plan their business differently for issuing tokens versus one that helps others issue tokens? -Are #BaaS businesses any different from #SaaS business? Hype, marketing mystique? Is there a ‘there’ there? -Web3 & privacy, all hail the DPDP? -What's the complete addressable market of RWAs? Winner-takes-all or distributed outcome? Finternet? -Whats the difference between #DPI and #DPG? -Do we need tokens to solve the deep fake/misinformation problem? -Is there still value in private chains over public ones? Is this like the Intranet vs internet? -Can blockchain solve AI problems, and can AI solve blockchain problems? Technologies in silos = bad? -How does one run a compliant business that tokenizes batches of diamonds versus one that tokenizes carbon credits? Different carbons, different rules? -Corporate structuring versus product structuring. What's that about? -How many geographies do you need to spread yourself in if you want a global footprint with a global user base? Can you do it from only one country? -Which jurisdictions are the best for what activities, and what is the real cost of regulation or non-compliance? -Do you have to pay 1% TDS withholding if you are transferring derivative contracts and not the #VDA itself? It was discussion rich. Here's to more such discussions and actioning them.

Did someone say team building? Remember, it’s not about how hard you hit, but how well you can dodge responsibility on Tuesdays! Here’s to teamwork, camaraderie, and maybe a few less bruises next time! Nishchal Anand Pranay Agrawala Tanvi Jain Vaibhav Jairath Aditya Krishna Srivastava Ajay Thakur Sanchit Suri

India coming out smelling of roses in the latest #FATF report is a testament to the targeted efforts of various stakeholders, particularly the government agencies and ministries led by the FIU, along with multiple companies and their compliance teams. At the end of the day, it's teamwork that makes the dream work, and such reports are not achieved or received in isolation. Everyone must work together to effectively curb serious issues like money laundering and terror financing. Of course, this is not the end—there will always be a push and pull between good and bad actors in society. However, this is a strong indication that these efforts have made India proud. That said, one casualty of this success has been the availability of robust banking services for Web3 businesses. While India’s achievements in FATF compliance are laudable and worth celebrating, it’s important not to forget that many Web3 businesses are struggling to access the banking services they need to operate at full capacity. That’s where the rubber meets the road—because if banking services don’t come through, this industry will be competing with both hands tied behind its back. We’ve done well, but let’s make sure innovation isn’t left behind in the process.

Our partner, Pranay Agrawala, is attending TOKEN2049 in Singapore. If there, meet him to understand the legal and regulatory landscape to do Web3 business in India (and indulge in some fun conversation too!)

WE ARE HIRING! Panda Law is looking to hire Associates to join their Licensing and Compliance Team. Please note that the position is not for lawyers. Positions: 02 Qualifications: 1. Graduate 2. Candidate should possess strong verbal and written communication skills, organizational, negotiation and time management skills and capability to handle multiple projects simultaneously. Job description: 1. Identify and address compliance issues. 2. Draft and send legal notices. 3. Conduct follow-ups through various communication channels. 4. Collaborate with the business team to manage and resolve cases. Remuneration : As per industry standards Location: Noida Deadline for Application: 30.08.2024 To apply, please email your CV and a brief cover email to tanvijain@legalpanda.in with the subject line “Job Application_ Licensing and Compliance Team_[Name]”.

WE ARE HIRING ! We are seeking a talented Associate to join our Commercial and Data Protection practice. This is an exciting opportunity to work with a dynamic team in a stimulating environment. Position: Associate Number of Positions: 1 Location: Noida Remuneration: As per industry standards Key Responsibilities: 1. Assist in managing and advising on commercial and data protection matters. 2. Draft, review, and negotiate contracts and agreements. 3. Conduct legal research and provide well-informed recommendations related to intellectual property, data protection and other related matters. 4. Handle multiple projects and ensure timely delivery. 5. Collaborate with clients and internal teams to address legal issues and compliance requirements. Qualifications: 1. Bachelor of Law (LL.B.) degree. 2. Minimum Post-Qualification Experience (PQE): 1 – 3 years. 3. Strong verbal and written communication skills. 4. Excellent organizational, negotiation, and time management skills. 5. Proven ability to manage multiple projects simultaneously. Application Deadline: 30th August 2024 How to Apply: Interested candidates are invited to submit their CV and a brief cover email to aritra@legalpanda.in, with a CC to info@legalpanda.in. Please use the subject line: “Job Application_Commercial and Data Protection_[Your Name]”. We look forward to your application and the possibility of you joining our team at Panda Law. #hiring #legaljobs #legal #legalbots

WE ARE HIRING! Panda Law is looking to hire Associates to join their Licensing and Compliance Team. Positions: 01 Qualifications: 1. Bachelor of Law (LL.B.) degree.  2. Minimum PQE: 1 – 2 year.  3. Candidate should possess strong verbal and written communication skills, organizational, negotiation and time management skills and capability to handle multiple projects simultaneously. Job description: 1. Identify and address compliance issues. 2. Draft and send legal notices. 3. Conduct follow-ups through various communication channels. 4. Collaborate with the business team to manage and resolve cases. Remuneration : As per industry standards Location: Noida Deadline for Application: 30.07.2024 To apply, please email your CV and a brief cover email to vaibhav@legalpanda.in and CC tanvijain@legalpanda.in with the subject line “Job Application_ Licensing and Compliance Team_[Name]”.

#GM folks!! 👋 🎉Web3Assam® is now a Registered Trademark ! 🎉😍 We’re over the moon to share that #Web3Assam has been granted a registered trademark under Class 41 issued by the Trademark Registry, Intellectual Property India. This is a vibrant milestone in our adventure, and it’s all thanks to you, our incredible community! 💚 As we unveil our registered logo, we want to extend our deepest gratitude to the whole team of PANDA LAW especially Dhrupad Das, Nishchal Anand, Tanvi Jain and also Bhagwati Agarwal for helping us in the process. Their expertise and guidance were instrumental in navigating the complexities of intellectual property law, ensuring a smooth and successful filing process. 🌟 The enthusiasm and engagement of our community have been the wind beneath our wings, propelling us to new heights. Let’s continue this journey with zest and zeal, as we aim to educate, inspire, and revolutionize the digital space. Let's make waves in the world of #web3, together! 🚀 Stay tuned as we unfold new chapters in our mission to educate and empower through Web3. Here's to many more milestones, growth, and success! 🥂🎊 #Web3Assam #Trademarked #IntellectualProperty #Education #Innovation #Class41

We are thrilled to share that Panda Law attended INTA 2024, the global event for trademark professionals, held in the vibrant city of Atlanta, Georgia. This prestigious conference brought together trademark attorneys from around the world to connect, share insights, and stay at the forefront of intellectual property law. INTA provided an unparalleled platform for networking, learning, and collaboration. We engaged with fellow experts, discussed the latest trends and challenges in trademark law, and explored innovative solutions to protect and enhance brand value. Thank you to everyone who made INTA 2024 a memorable and impactful experience! Nishchal Anand Tanvi Misra Tanvi Jain

#INTA2024 at Atlanta, Georgia Ever wondered what keeps Coca-Cola's iconic formula safe for over a century? It’s the power of trade secrets! Nestled in a highly secured vault in the Atlanta factory, Coca-Cola's recipe exemplifies how businesses can protect their most valuable assets. Moreover, trade secrets are invaluable intangible assets. Coca-Cola famously leveraged its secret formula as collateral for a loan, highlighting the significant financial value they hold. Businesses should recognize and harness the value of their proprietary knowledge to stay ahead. #tradesecrets #cocacola