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ENRIQUE IGLESIAS, a Spanish pop singer, plays an unlikely part in the story of Indian capitalism. His presence at a party to mark Vijay Mallya's 60th birthday, in December 2015, was, literally, a showstopper. A flamboyant booze heir, Mr Mallya was then best known for founding Kingfisher Airlines, which had earlier imploded because of its debts. Given that he had personally guaranteed some of these loans, the self-proclaimed “king of good times” was assumed to have been chastened. Upon hearing of Mr Iglesias's performance, bankers—and politicians—started asking how Mr Mallya had continued to live so large. The party had lasted for three days.Mr Mallya is hardly the only embattled Indian tycoon to have cocked a snook at his bankers. Some “promoters” of companies, as founding shareholders of Indian companies are known, have long made full use of a loophole of local corporate law that thwarted banks' attempts to seize companies in default on their loans. A bunged-up court system made...Continue reading
Court: Accept Your Child's New Gender or Lose Custody February 16, 2018 This week, a shocking story hit the national news about an Ohio teenager who was removed from her parents' home by authorities. Why? Because they didn't support their daughter's decision to identify as a boy and ...
Torte Reform? CA Baker Wins First-Ever Case February 07, 2018 Here are three words you don't usually see in the same sentence: "religious liberty" and "California." But thanks to Superior Court Judge David Lampe, that's exactly what one Christian is celebrating in a battle over religious ...
Religious Freedom in Mississippi, Y'all! January 08, 2018 It'll be tough to top 2017's string of religious liberty successes -- but the Supreme Court doesn't mind trying. This morning, the justices got January off to a flying start when it rebooted one of the most significant state laws of ...
Masterpiece Theater: SCOTUS Debates Cake Baker's Rights December 05, 2017 After five long years of fighting, an hour and a half at the Supreme Court could be all it takes to redefine religious liberty in America. That's how long Jack Phillips stood before the most powerful justices in the ...
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