India and the Gulf States: A Bright Future for Cross-Border Investments
The Gulf countries have always had strong trade relations with India and we see this bond strengthening over the coming years. With bilateral trade projected to reach US$ 100 billion by the year 2020 between India and the UAE alone, avenues for business and cross border investments between the Indian subcontinent and the Gulf look bigger and brighter than ever before.
Evolution of the Corporate Insolvency Resolution Regime in India
Prior to the Code, India did not have a consolidated statute governing incidents of insolvency and bankruptcy of various entities. For example, the provisions relating to the insolvency of corporations were scattered amongst laws as diverse as the Companies Act, 1956 (Companies Act), the Recovery of Debts due to Banks and Financial Institutions Act, 1993 (RDDB Act), the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) and the much-reviled Sick Industrial Companies (Special Provisions) Act, 1985 (SICA). Similarly, there were two statutes, namely, the Provincial Insolvency Act, 1920 and the Presidency Towns Insolvency Act, 1909 governing instances of individual bankruptcy.
SAM, AZB on $874m Jio-Saavn takeover with 3 US firms
“In a deal led by Reliance Jio Director Akash Ambani, Reliance Industries today signed an agreement for merging the digital music service Saavn with JioMusic to create a digital media platform with global reach having total value of over $1 billion,” reported PTI.
News In Brief
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Law schools
Nirma legal aid program students bring NABARD support to local village -
Law firms
Vaish promotes 10 to principal associate, 5 to senior associate -
Bar, Bench & Litigation
Government’s plan to regulate ‘fake news’, internet content is fraught by many slippery slopes -
Bar, Bench & Litigation
Obviously: Salman Khan passes Go, to pay Rs 50,000 bail after jail sentence suspended -
Law firms
Attorney general KK Venugopal: Allowing foreign lawyers in Indian lawyers’ interest, banning them is ‘an impediment and we have to realise it’ -
Bar, Bench & Litigation
CJI Dipak Misra impeachment attempt by Congress over? Spokesperson says they’re totally done with that -
Bar, Bench & Litigation
Any bets on how long it will last this time? Salman Khan convicted, jailed for illegally killing defenceless antelope -
Law firms
Argus promotes 2 to managing, 2 to senior associate -
Law schools
JGLS ties up with Delhi Daredevils for sports law guest lectures & more -
Law firms
Legacy Law Offices promotes 1 to partner
Deals Feed
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Litigation
Khaitan, SAM, Vedanta legal head on Electrosteel: Insolvency Code’s first of Big 12 corporate resolutions -
Corporate M&A
SAM, AZB on $874m Jio-Saavn takeover with 3 US firms -
Corporate M&A
SAM on $19m Tata Chemicals buy in Allied Silica -
Corporate M&A
Record takeover in green energy space: Trilegal, CAM on $1.66bn Renew buy of Ostro -
Private equity / VC
JSA, Themis on ICICI Venture’s $15.6m investment in women’s apparel brand Go Fashion India -
Projects
Ashurst Hong Kong, IPN Chennai team up again on $737m Korean car part makers’ investment MOU in AP -
Private equity / VC
CAM, Khaitan on $105m Feedback Infra raise from ADV Partners -
Private equity / VC
SAM, JSA on $1.5bn Indiabulls stake sale to Blackstone -
Corporate M&A
AZB Pune, JSA advise on Affinion US buy of travel tech co Tavisca Solutions -
Corporate M&A
Samvad, Khaitan on QuEST Global’s buy of Bengaluru IT firm Exilant Tech
In-house counsel and GCs
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KKR finance behemoth & legal advisory goldmine gets first India general counsel: JP Morgan GC Jigar Shah
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Netflix India gets GC Ashish Chandra with Snapdeal, Astro Malaysia experience
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Ex-IDFC, Luthra partner Rajesh Chavda joins Essar Oil UK refinery in-house
- SAM partner Saanjh Purohit to join Facebook in-house
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Former GE Power GC Manjaree Chowdhary joins Maruti India as GC
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Diageo VP legal Nischal Hindia to leave drinks giant
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Bharat Vasani permanently leaves behind Tatas with legal function of 450-lawyers, will join private practice
Latest Legal Jobs
- Legally Jobs: SDS Advocates seeks commercial and corporate litigation associates with 4-5 years PQE in Mumbai
- Legally Jobs: Malvi Ranchoddas & Co seeks corporate commercial SA/Team Leader with 6-8 years PQE in Mumbai
- Legally Jobs: Verist Law seeks cap markets / M&A SA with 4.5 - 6 years PQE in Mumbai
- Legally Jobs: SDS Advocates seeks Associate with 3 - 4 years PQE in Mumbai
Netflix India gets GC Ashish Chandra with Snapdeal, Astro Malaysia experience
Former Snapdeal general counsel (GC) Ashish Chandra has joined streaming service Netflix India as legal director after a brief stint with Malaysian media and entertainment company Astro Malaysia Holdings as vice president and head counsel, as first reported by & Bench.
India Patent Office Revising Working Statements Practice
by
Naren Thappeta
India Patent Office (IPO) has called for comments from the stakeholders as a precursor to a meeting and possibly revision of applicable rules/forms, regarding working sta... Read more
Breaking: NUJS VC Ishwara Bhat has resigned, faced with determined student protests • CNLU limbo continues
NUJS Kolkata vice chancellor Prof Ishwara Bhat, who had been offered the same job at CNLU Patna, has resigned today, after the students’ ultimatum calling for his resignation expired at 9am today.
IDIA gets Herbert Smith support for scholars in formal tie up for money, internships, jobs
Increasing Diversity by Increasing Access (IDIA) scholars will now have a direct route to internship and job opportunities in Herbert Smith Freehills (HSF), in addition to financial support during their LLB courses, according to an IDIA and HSF press release.
NLS admin law paper fair-use-copies LI Ishwara Bhat report for hyper-topical amusing exam question
Thanks to the reader who has shared with us this morsel that made us chuckle, apparently from a very recent administrative law paper at NLSIU Bangalore.
JSA litigator Puja Priyadarshini to join HSA as salaried partner
J Sagar Associates (JSA) senior associate Puja Priyadarshini, is set to join HSA Advocates in mid-April as associate partner.
Germany’s Continued Attractiveness for Foreign Investment
Germany’s attractiveness as a place to invest and as a trading partner is unbroken.
Private Equity in India: The Legal Perspective
The economic, commercial and industrial scenario today is that which is dependent upon investment or what we may also categorize as fund raising. Investment, which is a driver for growth for a number of industries, may flow into an organization in a number of ways such as private equity funding, angel investments, seed money investments, etc. These investments may vary in nature and in amounts and are regulated as per the applicable laws and regulations.
Mooting Premier League re-boots: GNLU wins Man Lachs funding, RGNUL Patiala bags NUJS Herbies • NLS tops table after Man Lachs ‘17 win
The Mooting Premier League (MPL) is back with its eighth edition starting a tad late in a streamlined format, but promising much excitement again. This season is sponsored and supported by Memo Pundits, which has done great work in building knowledge in the Indian mooting circuit (more details below).
Latest comments
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AZB Delhi promotes 80% women in partnership round of 5 • 3 made counsel [UPDATE-1: Alma mater]
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Benchmark your compensation across the Indian legal sector • Plus 24 key partner, 42 GC moves of the year
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NUJS continues Day Zero secrecy, despite possible record 84 job offers so far • AZB, CAM, Trilegal make whopping 14 - 19 offers each
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I completely agree. There is no doubt that all these achievements at NUJS are completely student ...(3 hours ago)
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