Corporate

Breaking: Thomson Reuters to acquire LPO giant Pangea3 in strategic buy

internet-IT-globe
internet-IT-globe
Thomson Reuters has acquired one of India’s largest pure play legal process outsourcing (LPO) companies Pangea3.

Naik Paranjpe gets Bigg Boss out of late-night back to prime-time

image
image
Exclusive: Naik Paranjpe & Co said it won back the 9pm prime-time slot for Viacom18 Media television show Bigg-Boss 4, following the Information and Broadcasting Ministry’s categorisation of the show as an adult show after complaints of vulgarity, having pushed the show’s airing to the later 11pm slot.

Indian LPO fights power of big record labels with Public Enemy's Chuck D

image
image
Exclusive: Mysore-based legal process outsourcing (LPO) provider SDD Global Solutions has won the mandate to assist on a claim and provide US law litigation support to the non-profit Fight The Power (FTP) Foundation, which represents music artists who claim they have been cheated out of their royalties by big record companies.

Zeus opens second NCR office in Gurgaon to capture SEZ work ahead of further expansion

image
image
Exclusive: Delhi law firm Zeus Law Associates has expanded with a second office in the National Capital Region (NCR) area, opening a branch office in Gurgaon to leverage infrastructure development and SEZ related market opportunities.

Khaitan & Co, BLP issue GDRs on London Stock Exchange for Great Eastern Energy

Khaitan & Co and UK firm Berwin Leighton Paisner (BLP) have advised on the Global Depository Receipt (GDR) issue of Indian coal-bed methane producer Great Eastern Energy Corporation Limited (GEECL) on the London Stock Exchange (LSE) after its listing on London’s Alternative Investments Market (AIM) earlier in 2005.

Lok Sabha asks about foreign law firms, Moily says no after Law Soc visit; Results of lobbying?

Responding in writing to a question in the Indian parliament law minister Veerappa Moily stated that there were no proposals to allow foreign firms into India.

Khaitan and Partners cracks Rs 2 crore Jet Airways double-cancellation scam

Khaitan and Partners has acted for long-standing clients Jet Airways in a criminal action instituted against an individual who allegedly siphoned off Rs 2.07 crores from the airline’s account by seeking double refunds on the cancellation of 163 airline tickets.

Kochhar & Co puts chips on Chennai with indie senior litigator as senior partner

image
image
Exclusive: Kochhar & Co has lured senior independent litigator J Sivanandaraaj into its Chennai office as a senior partner with the firm putting its faith in Tamil Nadu as the source of India’s future manufacturing miracle.

LPO UnitedLex buys smaller rival LawScribe after growing 20% in 8 months

internet-IT-globe
internet-IT-globe
Legal process outsourcing (LPO) company UnitedLex, which is backed by Indian and Silicon Valley venture capital (VC) firms, has acquired Los Angeles-based LPO LawScribe giving it offices in Los Angeles, New York and Gurgaon, reported VCCircle.

Phoenix, Tatva seal sale of $92m Indian airline caterer Skygourmet with Travers Smith, Proskauer

image
image
Phoenix Legal and Tatva Legal have advised on the global catering and onboard services provider Gategroup’s 74 per cent stake take-over of India’s leading airline catering company Skygourmet, which is valued at $92m.

CCI grants Naik Paranjpe third strike to release movie vs another alleged distribution cartel

Action Replayy
Action Replayy
Media law specialist Naik Paranjpe & Co has secured exhibition and distribution rights for multi-starrer film Action Replayy by winning a favourable interim order from the Competition Commission of India (CCI) against six distributors for allegedly indulging in anti-competitive cartelisation practices.

Desai & Diwanji referral bags BLP £18.4m Indian outbound UK acquisition (UPDATE-1)

Desai & Diwanji and UK international firm Berwin Leighton Paisner (BLP) have jointly acted on Indian publicly listed Elecon Engineering’s acquisition of the UK’s Benzler-Radicon group of businesses for £18.4m and other global business arms.

Amarchand for FedEx in buy of AZB-rep’d logistics company

AZB & Partners and Amarchand Mangaldas Delhi have advised on the world’s largest express shipping company FedEx’s acquisition of Indian logistics services provider AFL Private Limited and its subsidiary Unifreight.

Liberalisation talks ditched for jobs in Obama’s visit with DLA, Edwards Angell partners

Obama
Obama
Discussions to allow foreign law firms to operate in India were dropped during US President Barack Obama’s state visit to India, said two US law firm partners who were part of the delegation.

Boutique firm Finsec joins JSA, Naik Paranjpe in MCX-SX epic v SEBI

stock_exchange_chart
stock_exchange_chart
Exclusive: Boutique startup Finsec Law Advisors has been drafted into the long-running MCX Stock Exchange dispute with the Securities and Exchange Board of India (SEBI) that will again hit the Bombay High Court, alongside Naik Paranjpe & Co and J Sagar Associates (JSA).

AZB, ELP arrange private equity stake in IT hoster Netmagic

AZB & Partners and Economic Laws Practice (ELP) have advised in the private equity investment led by Nokia Growth Partners (NGP) and Cisco in the IT hosting service provider Netmagic Solutions resulting in a 12 per cent equity buy worth Rs 46.5 crore ($10.6m).

Khai-Co, Wadia Ghandy on Barclays’ cross-border investment with Simmons, Simpsons

Khaitan & Co, Wadia Ghandy, Simmons & Simmons and Simpson Thacher & Bartlett have advised on Barclays Bank’s reinvestment in the outsourcing unit Intelenet involving an all-cash acquisition of a 12.75 per cent stake in its holding company SKR BPO Services Private Limited.

Crawford Bayley, Dorseys jointly beat rivals in SAIL disinvestment bid

Crawford Bayley and Dorsey & Whitney have won the mandate to advise public sector undertaking SAIL on its follow-on public offer (FPO) to raise Rs 8,000 crore.

Majmudar, TLT double-team on two mining acquisition financings

Majmudar & Co and UK firm TLT have acted as legal counsel to the lender Punjab National Bank (International) Limited [PNBIL] in two cross-border loans to finance the acquisition and operation of US-based and Indonesian mining groups.

Private equity league tables Q3 2010: Niche expertise mixes young law firms with old boys

piePE
piePE
AZB & Partners, Indus Law, ALMT Legal and Trilegal have topped data provider Venture Intelligence’s private equity league tables for the first nine months of this year.