Knowledge Center
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Canada - Ontario
Goodmans LLP
The Competition Bureau has announced an agreement with Empire Company (i.e., Sobeys) for the removal of a ‘property control’ that the Bureau says restricted grocery competition in a small Alberta town. This action follows recent legislative changes that expanded the Bureau’s ability to challenge anticompetitive agreement. This action may presage...
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Canada - Ontario
Goodmans LLP
In January 2025, the Trademarks Opposition Board (TMOB) is launching a pilot project in which the Registrar of Trademarks will issue 50–100 section 45 notices per month for randomly selected trademark registrations.1 The pilot project aims to assess the number of registered trademarks no longer in use and ensure the Canadian Trademarks Register...
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India
AZB & Partners
AZB & Partners acted for Bharat PetroResources Ltd. (BPRL - wholly owned subsidiary and upstream arm of Bharat Petroleum Corporation Ltd.) in reaching a settlement with Ovintiv Inc, Canada for a principal liability of US$ 10 million in relation to oil and gas block BM-C-30, Brazil.
Our deal team comprised our Senior Partner Anuja Tiwari,...
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Indonesia
Makarim & Taira S.
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India
AZB & Partners
AZB & Partners acted for Mars, Incorporated on its approval from the Competition Commission of India (CCI) for its proposed acquisition of sole control of breakfast cereal and Pringles maker Kellanova (formerly Kellogg Company). This is a global deal that will change the way common man snacks.
Our AZB team comprised our Senior Partner Ram...
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Estonia, Latvia, Lithuania
Sorainen
At the start of the year, Sorainen welcomed five new partners from Estonia, Latvia, and Lithuania. This is the largest promotion round since 2022.
All new leaders have built remarkable careers at the firm. They have consistently demonstrated excellence in their respective fields, showing the entrepreneurial mindset essential for business...
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Ukraine
Sayenko Kharenko (Observer Firm)
On the eve of the new year, the state supervisory (control) authorities approved their inspection plans for 2025. This review provides information on the regulator’s inspections of the electricity and natural gas markets, as well as inspections of subsoil users by the State Service of Geology and Subsoil of Ukraine.
Scheduled inspections are...
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Costa Rica
Arias
In a significant number of cases, particularly in medium or large-scale public projects, the companies that inject their investment into this type of project are not necessarily the entity that has directly tendered and assumed the contract with the State, or even part of the same economic group as a parent company or sister company. Economic...
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Ukraine
Sayenko Kharenko (Observer Firm)
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India
AZB & Partners
AZB & Partners advised Cintra, a subsidiary of Ferrovial, Spain and its affiliates (collectively, “Cintra”) in relation to the rights issue undertaken by IRB Infrastructure Trust for purposes of funding the acquisition of a road infrastructure asset. We also advised Cintra on the acquisition of units from certain affiliates of GIC by way of a...
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USA - Illinois
Faegre Drinker
It is expected that the second Trump administration’s newly constituted FTC Commission will abandon efforts to implement a nationwide ban on most noncompetes. Courts across the country continue to push back on the enforcement of overbroad noncompete agreements, with some courts refusing to blue pencil exceedingly overbroad agreements.
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El Salvador
Arias
The article explores the introduction of the Simplified Joint Stock Company (S.A.S.) into El Salvador's legal framework through reforms to the Commercial Code in 2024. It highlights the S.A.S.'s simplicity, cost-efficiency, and flexibility, making it ideal for entrepreneurs and small businesses. Key features include unipersonal formation,...
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Costa Rica
Arias
On November 17, 2024, Costa Rica enacted Decree No. 44696-S-COMEX. This regulation aims to expedite the entry of products of sanitary interest or their raw materials to companies benefiting from the Free Trade Zone regime, for use in production, transformation, and logistics services, without requiring sanitary registration.
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Nicaragua
Arias
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Guatemala
Arias
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India
AZB & Partners
AZB & Partners represented the sellers (which includes a group of entities comprised within the Heubach group and the lenders controlling some of these entities) in relation to the proposed acquisition by Sudarshan Chemical Industries Limited of the Heubach group, in a combination of a share and an asset deal.
Our M&A deal team comprised...
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Greece
Bahas, Gramatidis & Partners LLP
Greece’s Law No. 4990/2022 incorporates the EU Whistleblowing Directive, requiring private sector entities with 50+ employees or operating in specific industries to establish whistleblowing systems. Reports can be submitted anonymously or eponymously via written, verbal, or electronic channels, with clear guidelines for their management....
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Australia
MinterEllison
Australia’s whistleblower protections, governed by the Corporations Act and Taxation Administration Act, mandate that public companies, large proprietary companies, and certain superannuation entities implement whistleblower policies. These policies must support protected disclosures about misconduct and ensure whistleblower confidentiality,...
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France
Soulier Avocats
France’s whistleblower protections, rooted in the Sapin II and Waserman Laws, mandate companies with 50+ employees to implement comprehensive whistleblowing systems. These systems must support multiple confidential reporting channels, including verbal, written, and digital methods, and protect employees, former employees, contractors, and other...
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Sweden
Setterwalls
Sweden’s Whistleblowing Act requires all entities with 50+ employees to implement internal reporting systems, supporting both written and verbal channels, with options for face-to-face meetings. The law protects employees, consultants, job applicants, and even former workers, ensuring confidentiality and safeguarding against retaliation. While...
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South Africa
ENS
South Africa’s whistleblower protections, anchored in the Protected Disclosures Act and the Companies Act, require companies to establish internal systems for receiving and addressing reports of improprieties. These systems must protect employees, contractors, consultants, and other stakeholders from retaliation, ensuring confidentiality and...
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Peru
Payet, Rey, Cauvi, Pérez Abogados
Peru’s legal framework mandates whistleblowing systems in specific contexts, particularly for addressing workplace sexual harassment under Law No. 27942 and its regulation. These systems must allow verbal, written, in-person, and electronic reporting. While not obligatory for criminal and antitrust compliance, implementing whistleblowing systems...
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India
AZB & Partners
AZB & Partners represented IntelligenceNode and its promoters on its sale to the Interpublic Group. IntelligenceNode is in the business of providing retail analytics to clients to help them compete better for online sales through competitive pricing and is well known for its data accuracy and global reach.
Our deal team comprised our...
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Ukraine
Sayenko Kharenko (Observer Firm)
Not only is the new year approaching, but significant legislative changes are also expected to occur in the Ukrainian advertising landscape within the next six months. Some may argue that we started preparing this overview too early. However, it is important to look ahead to what’s coming up in 2025 because it may be difficult for businesses to...
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El Salvador
Arias
Legal innovation is reshaping the practice of law by integrating advanced technologies such as artificial intelligence and blockchain. These tools not only streamline processes but also create opportunities for more efficient and accessible legal services. Despite obstacles like resistance to change and security concerns, their implementation...
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Argentina
Alfaro Abogados
Argentina made significant progress in integrating artificial intelligence (AI) into the judicial system. Key advancements included the publication of a responsible AI guide by the Access to Public Information Agency (AAIP), the creation of the National Integrated AI Program in Justice, and the approval of the "Acceptable Use Protocol for...
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Ukraine
Sayenko Kharenko (Observer Firm)
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India
AZB & Partners
AZB & Partners advised Sequent Scientific Limited on the proposed acquisition of Viyash Life Sciences Private Limited and its subsidiaries by way of an approx. INR 8,000 crore merger.
Our deal team comprised our Senior Partners Ashwath Rau and Kashish Bhatia, Counsel Himanshoo Tembe, Senior Associates A. Robin Singh and Dishti Kaji,...
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India
AZB & Partners
AZB & Partners successfully advised and represented one of the leading LLPs in the real estate sector in defending a civil suit before the District Court in Uttarakhand. The firm secured favorable orders culminating in the dismissal of the suit proceedings in its entirety providing a huge relief to the client. This case was particularly notable...
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India
AZB & Partners
AZB & Partners advised MRI Software (global provider of software solutions for real estate, lease management and intermodal) on its 100% acquisition of Chennai-based iInterchange Systems, a container shipping and logistics software company.
Our M&A transaction & due diligence team included our Senior Partner Ashwath Rau, Partner John...
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Ukraine
Sayenko Kharenko (Observer Firm)
The implementation of the greenhouse gas emissions trading system (ETS) in Ukraine is one of the European integration obligations of the Association Agreement. It aims to comply with Ukraine’s obligations under the Paris Agreement and Ukraine Facility Plan.
The Climate Law of Ukraine (more details here) defines the ETS in the list of market...
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India
AZB & Partners
AZB & Partners advised CD&R on its proposed acquisition of a controlling stake in Opella, the global consumer healthcare business of Sanofi valued at USD 17 billion, and the USD 355 million open offer being made for the shares of Sanofi Consumer Healthcare India Limited.
Our transaction team comprised our Senior Partners Ashwath Rau and...
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Ukraine
Sayenko Kharenko (Observer Firm)
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India
AZB & Partners
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Indonesia
Makarim & Taira S.
Indonesia’s Constitutional Court has issued a decision that significantly alters various aspects of the Manpower Law. Key changes include requiring court approval for disputed terminations, capping fixed-term contracts at five years, revising wage calculations, and prioritizing Indonesians over foreigners for job vacancies.
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Costa Rica
Arias
Note that his webinar will be conducted in Spanish.
Register now: https://us06web.zoom.us/webinar/register/WN_wJvYj0WwQhS0XvHn2hqq6w
After a year of perseverance and progress in the seven pillars of well-being culture, this final step not only marks the conclusion of the cycle but also ignites a renewed purpose for 2025....
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India
AZB & Partners
AZB & Partners advised Ness Digital Engineering, a portfolio company recently acquired by KKR, on its acquisition of 100% stake in Raja Software Labs.
Our M&A transaction team comprised our Senior Partner Ashwath Rau, Partner John Raghav, Associates Aditi Bhargava and Sakshi Jha. Our corporate diligence team included our Associates Kunal...
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India
AZB & Partners
AZB & Partners advised PAG private equity on its proposed acquisition of Manjushree Technopack Limited from Advent International.
Our deal team comprised our Senior Partners Ashwath Rau and Kashish Bhatia, Senior Associates A. Robin Singh, Chitrangda Singh, Aditi Shukla and Dishti Kaji, and Associates Taruni Kavuri and Parisha Dhebar.
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India
AZB & Partners
AZB & Partners advised Samina, Shirin and Rumana Hamied (all part of the promoter group) on the sale of their shareholding in Cipla Limited in two tranches through block trades, for an aggregate consideration of ~INR 4,900 crores.
Our AZB deal team comprised our Senior Partners Ashwath Rau, Kashish Bhatia and Atreya Bhattacharya, Senior...
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Sweden
Setterwalls
We have the pleasure of presenting the latest issue of Setterwalls’ Life Sciences report. The report presents our view on selected current issues with respect to life sciences. The enclosed report, together with earlier editions, is also available on our website. We hope you will find the report of interest.
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India
AZB & Partners
AZB & Partners represented the Independent Directors of Aster DM Healthcare Limited (“Aster DM”), a listed company, in the proposed merger of Quality Care India Ltd with Aster DM. This deal values the combined entity at approx US$ 5 billion and is regarded as the largest healthcare deal in India.
Our deal team comprised our Senior Partner...
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Honduras
Arias
The protection granted by a trademark registration represented through a distinctive sign provides control mechanisms on how they are exploited, thus guaranteeing a benefit, both for the company that grows with a globalized product and for the consumer who has access to a quality product, regardless of who uses or exploits the trademark.
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India
AZB & Partners
AZB & Partners acted for Tiger Global (as a selling shareholder) on the recent IPO by Zinka Logistics Solutions Limited (commonly known as ‘Blackbuck’), which aggregated to INR 11.14 billion. Blackbuck is engaged in the business of providing logistics and transportation services through an online platform for connecting businesses with freight...
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India
AZB & Partners
AZB & Partners recently advised Grid Equipments Private Limited for the sale of 21,451,168 equity shares aggregating to approximately 8.38% of the total paid-up equity share capital of GE Vernova T&D India Limited for an aggregate amount of INR 36.18 billion. The sale took place by way of the offer for sale through the stock exchange mechanism....
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Panama
Arias
Renewable energies, such as solar, wind, hydroelectric, geothermal and biomass, come from inexhaustible natural resources and are more sustainable than fossil fuels. Panama has created an attractive legal framework to encourage their investment. These laws offer tax incentives and benefits to diversify the country's energy matrix and promote a...
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Guatemala
Arias
With the popularization of Generative Artificial Intelligence tools such as ChatGPT, the debate has intensified regarding the protection of works used as training data to feed these systems. On one hand, there is the issue of safeguarding such works, and on the other, the determination of whether works generated by Generative AI are eligible for...
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Argentina
Alfaro Abogados
In a recent case in Argentina, the use of artificial intelligence in the judicial system was highlighted as a tool to enhance decision-making and efficiency. The case, involving a dispute over water service, set a precedent for integrating AI into legal processes. However, the article also raises concerns about the risks of bias, lack of...
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Belgium
CMS Belgium
Belgium, strategically located at the heart of Europe, offers a dynamic business environment with strong sectors in pharmaceuticals, chemicals, and technology. The country’s advanced infrastructure, skilled workforce, and focus on innovation make it an attractive destination for foreign investment. However, Belgium's complex political landscape,...
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Canada - Ontario
Goodmans LLP
On November 19, 2024, the Canadian Securities Administrators (CSA) announced they are moving forward with the previously announced access model (the “Access Model”) for non-investment fund reporting issuers to deliver annual financial statements, interim financial reports and related management's discussion & analysis (“Continuous Disclosure...
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Netherlands
CMS Netherlands
Since the last CMS Expert Guide published in 2021, the pace of developments in the hydrogen sector has seen a surge in global activity. New projects are emerging worldwide, driven by climate commitments and the push for decarbonisation. While the scale of the challenges that still need to be overcome should not be underestimated, the step up in...
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Netherlands
CMS Netherlands
In April 2021, the Dutch Gaming Act was amended to allow for legal access to online games of chance in the Netherlands. An evaluation of the new rules was scheduled three years after implementation. The following article summarises this evaluation, published in November 2024, which assessed the effects of the new rules since the time of their...
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Indonesia
Makarim & Taira S.
Indonesia’s updated franchise rules present a mixed bag for franchisors. The good news is that the requirement to demonstrate profitability has been shortened from five years to three, making it easier for new franchisors to enter the Indonesian market. However, these changes also come with new obligations for documentation and continuous...
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Indonesia
Makarim & Taira S.
Indonesia has amended its Patent Law to strengthen protections for intellectual property, streamline patent processes and better align with international standards.
The third amendment to Law No. 13 of 2016 on Patents ("Patent Law”), promulgated on 28 October 2024, aims to address both domestic industrial and research needs.
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India
AZB & Partners
AZB & Partners advised and represented Geojit Financial Services Limited on the rights issue of its equity shares, which aggregated to ₹ 1.99 billion.
The deal team comprised our senior partners, Varoon Chandra and Lionel D’Almeida; our senior associates, Sweta Ananthanarayanan and Kairav Parikh; and our associates, Shivani Singh, Vaibhav...
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Canada - Ontario
Goodmans LLP
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India
AZB & Partners
AZB & Partners is advising Bharti Enterprises on Agro Tech Food’s proposed acquisition of Del Monte Foods (a joint venture of Bharti Enterprises and Del Monte Pacific), in an INR 1,300-crore share swap.
Our transaction team comprises our Senior Partner Anil Kasturi, Partner Ashish Pareek, Senior Associates Kaushal Prabhat and Kanika Jaggi,...
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Netherlands
CMS Netherlands
On November 12, the Court of Appeal in The Hague rendered a landmark judgment in the climate case of Milieudefensie et al. v. Shell, which has garnered worldwide attention given its broader implications for corporate responsibility in addressing climate change. The following article delves into the key elements of the court's decision structured...
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Argentina
Alfaro Abogados
Argentina's Court of Justice of San Juan has approved a new protocol for using Generative AI (IAGen) in the judiciary. General Agreement No. 102/2024 sets out guidelines to ensure responsible, secure, and ethical AI use within the judicial system. Key principles include data anonymization, result verification, and safeguarding judicial...
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Canada - Ontario
Goodmans LLP
There has been a reported surge in trademark phishing scams. The Canadian Intellectual Property Office (“CIPO”) issued a statement warning of an email phishing scam targeting members of the public by individuals impersonating intellectual property attorneys and pressuring business owners to take immediate action against alleged trademark...
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Poland
Sołtysiński Kawecki & Szlęzak
Poland’s 2024 Act on the Protection of Whistleblowers requires companies with 50+ employees to implement a whistleblowing system, supporting diverse reporting channels and protecting both employees and third-party whistleblowers. External bodies can receive reports, but internal follow-up must stay within the company. For full details, read the...
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China
Zhong Lun Law Firm
China currently lacks overarching whistleblower protection laws, though certain protections are embedded in the Civil Code, Criminal Law, and Personal Information Protection Law. While centrally administered and listed companies are required to establish whistleblowing systems, non-listed large and medium-sized enterprises are encouraged to...
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Finland
Castrén & Snellman
Finland's Whistleblower Protection Act requires organizations with over 49 employees to implement a system for reporting breaches of EU or national law, though anonymous reporting is optional. While systems can be managed externally, organizations remain accountable for compliance, with penalties applied only for retaliatory actions or...
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Turkey
Hergüner Bilgen Üçer Attorney Partnership
Turkey lacks a specific whistleblower protection law, though certain legal provisions like the Turkish Penal Code and Labor Law offer some protections for employees reporting wrongdoing. While whistleblowing systems are common in global companies and encouraged under corporate governance standards, they are not legally required. Privacy rules...
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India
AZB & Partners
AZB & Partners advised Max Estates Limited on its recent fund raise of upto INR 150 crores through a preferential issue of convertible warrants to one of the promoters and a public shareholder.
Our deal team comprised our Senior Partner Anil Kasturi, Partner Ashish Pareek, Senior Associate Shubham Toshniwal and Associate Sarthak Sharma.
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India
AZB & Partners
AZB & Partners advised Wipro on its successful transaction with AmpIN C&I Power Private Limited for setting up solar captive power project and purchase of power for meeting its renewable energy demands in Tamil Nadu. For this, AmpIN C&I has incorporated a special purpose vehicle, AmpIN Energy C&I One Private Limited, in which Wipro has made an...
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India
Vaish Associates
In India, the absence of a single comprehensive law covering all whistleblowing requirements hasn't prevented frameworks for whistleblowing systems from being established. The Companies Act, SEBI guidelines, and sector-specific regulations mandate that certain companies implement a whistleblowing system to report non-compliance, fraud, and...
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India
AZB & Partners
AZB & Partners advised Verdantas on the India leg of its acquisition of ASEC Engineers (ASEC), where Verdantas is a leading consulting firm providing technical and digitally enabled solutions for sustainable outcomes across the environment, water, and energy transition markets, and ASEC is solely focused on the power delivery and renewable...
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Brazil
TozziniFreire Advogados
TozziniFreire Welcomes New Partner to Real Estate Practice
Julian Junqueira Rillo rejoins the firm, bringing over 10 years of industry experience
TozziniFreire Advogados, one of Brazil’s leading full-service law firms, announces the return of Julian Junqueira Rillo, now as a new partner in the Real Estate practice. Julian...
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Germany
Taylor Wessing
Since our last update, significant developments have occurred in the German gambling landscape, further shaping the regulatory environment. While some progress has been made, many legal questions and regulatory challenges remain unresolved, particularly in the areas of licensing, enforcement, and cross-border operations.
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Germany
Taylor Wessing
Nothing ventured, nothing gained – entrepreneurial actions always entail certain risks. It is in the na-ture of things. However, it is the management’s responsibility to deal with risks appropriately and engage in risk management. This mainly also involves detecting, evaluating and limiting legal risks.
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India
City-Yuwa Partners
Japan's Whistleblower Protection Act requires companies with more than 300 employees to establish secure and confidential reporting systems, while smaller businesses are encouraged to do the same. Learn more about the types of misconduct covered and the role of external providers in Japan's whistleblowing framework by reading City-Yuwa Partners'...
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India
AZB & Partners
AZB & Partners acted for Global Health Limited (Medanta) and Dr. Narayan Dutt Shrimali Foundation International Charitable Trust Society in relation to their operations & management agreement for a 750-bed super specialty Hospital in Pitampura, Delhi, with a capex of more than INR 600 Crores.
Our deal team comprised our Senior Partner Niladri...
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USA - Illinois
Faegre Drinker
U.S. regulators have confirmed that no sustainability or ESG commitment antitrust exemptions exist or will be announced. Lawmakers are keeping the pressure on ESG/sustainability initiatives through continued investigations of the potential anticompetitive impact of collaborations, information exchanges and agreements advancing social and...
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India
AZB & Partners
AZB & Partners advised Goswami Infratech Private Limited, a Shapoorji Pallonji Group company, on the pre-IPO sale of its shares in Afcons Infrastructure Limited. This was the largest pre-IPO placement by way of secondary sale in the history of capital market transactions in India.
The AZB team comprised of our Senior Partner Divya Mundra,...
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Germany
Taylor Wessing
In two decisions dated 17 September 2024 (case no. EnZR 57/23 and EnZR 58/23), the BGH recently ruled on the question of the balance sheet allocation in higher voltage levels in the event of an energy supplier default. On appeal by the plaintiff and the defendant, the BGH amended and revised the respective previous decisions of the Düsseldorf...
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India
AZB & Partners
AZB & Partners recently advised Afcons Infrastructure Limited (“Afcons”) and its promoters, including the promoter selling shareholder, Goswami Infratech Private Limited, on the initial public offering by Afcons (“IPO”).
The IPO was undertaken by way of a fresh issue and an offer for sale, and aggregated to ₹ 54.30 billion, which is the...
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Ukraine
Sayenko Kharenko (Observer Firm)
Sayenko Kharenko partner Anzhela Makhinova has been recognized among just four Ukrainian franchise law practitioners named in the prestigious Lexology Index 2024. This recognition reinforces the firm's position in providing comprehensive legal support for businesses expanding through franchising models.
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Canada - Ontario
Goodmans LLP
On October 31, 2024, the Canadian Securities Administrators (CSA) introduced temporary relief from certain derivative data reporting requirements under the Trade Reporting Rules identified below.
The relief is provided by way of a local blanket order in Ontario entitled Coordinated Blanket Order 96-932 Re Temporary exemptions from certain...
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India
AZB & Partners
AZB & Partners represented HAV3 Holdings in selling their entire stake in Fino Paytech (the promoter of Fino Payments Bank).
Our deal team comprised our Partner Kunal Kumbhat, Counsel Himanshoo Tembe and Associate Anushka Mehta, with support from Associate Khushi Bafna on the closing; Partner Bharat V Budholia and Associate Malhar Desai on...
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India
AZB & Partners
AZB & Partners advised a consortium of KKR and Singtel in securing a CCI approval for their investment in STT GDC Pte Ltd, subject to commitments. We were the sole CCI and Indian counsel on the deal. This is a first when it comes to CCI’s review of data centre market.
Our core deal team comprised our Partners Bharat V Budholia and Kirthi...
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Ukraine
Sayenko Kharenko (Observer Firm)
The Law of Ukraine “On Basic Principles of State Climate Policy” No. 3991-IX as of 8 October 2024 (the Climate Law of Ukraine) came into force on 30 October 2024.
Simultaneously, this period is marked by the active development of legislative initiatives regarding the implementation of the European 4th Energy Package and coupling of the...
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Ukraine
Sayenko Kharenko (Observer Firm)
The Law of Ukraine "On Basic Principles of State Climate Policy" No. 3991-IX as of October 8, 2024 (the Climate Law of Ukraine) came into force on October 30, 2024.
Simultaneously, this period is marked by the active development of legislative initiatives regarding the implementation of the European 4th Energy Package and coupling of...
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Argentina
Alfaro Abogados
Argentina is leading the way in ensuring that AI development adheres to ethical standards. The country’s focus on human supervision, transparency, and fairness in AI design aims to mitigate risks such as misinformation and algorithmic bias while promoting technology that benefits society as a whole.
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India
AZB & Partners
AZB & Partners represented Zinnia, a leading life and annuity insurance technology service company, on the India leg of its acquisition of Ebix Inc.’s Life and Annuity Software Assets.
Our deal team comprised our Senior Partner Darshika Kothari, Partners Kunal Kumbhat and Nishanth Ravindran, Senior Associate Anushka Pemmaya, Associates...
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Netherlands
CMS Netherlands
A July 23, 2024 ruling by the Dutch Court of Appeal (ECLI:NL:GHSHE:2024:2400) addressed the obligations of insurers when an insured violates the pre-contractual duty of disclosure under Dutch law. The case concerned an insurer's claim of breach of the insured's duty of disclosure for failing to disclose diabetes on a health certificate.
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Argentina
Alfaro Abogados
Argentina is leveraging artificial intelligence (AI) to enhance health control in the fishing sector through a project initiated by the National Service of Agri-Food Health and Quality (SENASA). This innovative approach aims to improve monitoring and sanitary control by detecting parasites in fish products more efficiently.
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India
AZB & Partners
AZB & Partners advised Welspun and Sintex on the recent transaction where Sintex-BAPL Limited, a subsidiary of Welspun Corp, acquired Weetek Plastic. Welspun Corp, a flagship entity of the Welspun Group, undertook this strategic move to accelerate its entry into the rapidly growing plastic pipes market in India.
Our deal team comprised our...
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India
AZB & Partners
AZB & Partners represented Zuora Inc. on its acquisition of metering firm Togai, with a view to enhance its AI usage-based models. Zuora is a leading enterprise software company which creates and provides software for businesses to launch and manage their subscription-based services. Togai provides metering and rating solutions, and this...
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Germany
Taylor Wessing
Taylor Wessing has received a 5-star rating in five legal areas in this year's JUVE Handbook and has improved its ratings in the areas of environmental and planning law, labour law: advice to companies and transport sector: financing. At the JUVE Awards 2024, which traditionally take place the day before the publication of the handbooks, Taylor...
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India
AZB & Partners
AZB & Partners represented the United Al Saqer Group, a leading Abu Dhabi based investor, on its investment in the DNEG Group, which is a London headquartered world-leader in visual entertainment technology and services.
DNEG is a world-leading visual entertainment services company for the creation of feature film, television, immersive, and...
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India
AZB & Partners
AZB & Partners advised Stephen Cretier and GardaWorld Security Corporation on Indian law aspects in relation to its 100% acquisition of stake in VCECN Holding Corporation and its subsidiaries, including OnSolve, LLC (“OnSolve”), for an aggregate consideration of USD 375 million. OnSolve is a leading provider of critical event management and...
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India
AZB & Partners
AZB & Partners advised 3M Company on all Indian law aspects of the global spin-off of its healthcare business into a new independently entity listed on the New York Stock Exchange, Solventum Corporation. The transaction involved the legal separation and reorganization of 3M’s healthcare business with a turnover of USD 8.2 billion in over 90...
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India
AZB & Partners
AZB & Partners acted for Oravel Stays Limited (“OYO”) on the issuance of certain Series G fully and compulsorily convertible cumulative preference shares by OYO to Patient Capital Investments Pte. Ltd., amounting to acquisition of less than 5% of its shareholding, on a fully diluted basis, for a total consideration amount of about USD 98.87...
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Thailand
Chandler Mori Hamada
In response to the increasing supply and demand for condominium units, the Contract Committee (the “Committee”) under the Consumer Protection Act B.E. 2522 (1979) (the “Consumer Protection Act”) has taken significant steps to safeguard consumer interests. On 30 August 2024, the Committee issued the Notification of the Contract Committee re:...
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Panama
Arias
The digital era in Panama has driven business transformation, but at the same time, this progress has also led to an increase in cybercrimes, generating security concerns. This article explores the impact of cybercrime in Panama, analyzing different ways in which these attacks can affect the operation, reputation and financial health of various...
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Nicaragua
Arias
On October 4, 2024, the National Health Regulation Authority (ANRS) of Nicaragua approved the “Guide for the development of a market surveillance program to monitor the quality of products regulated by the ANRS throughout the supply chain” through which are established the quality monitoring criteria for products regulated by the ANRS and the...
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Brazil
TozziniFreire Advogados
TozziniFreire Continues its Upward Trajectory in the Chambers Brazil Transactional Guide
Focused on the corporate market, the guide gathers the outcomes that highlight the performance of the firm's practice areas and partners
Once again, TozziniFreire Advogados is one of the most prominent firms in the guide recently...
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India
AZB & Partners
AZB & Partners advised Indus Towers Limited (Indus) in relation to its buyback of up to 5,67,74,193 fully paid-up equity shares of Indus, representing 2.107% of the total paid-up equity shares of Indus, for an aggregate amount of up to INR 2,640 crore through the tender offer route.
AZB also advised and assisted Bharti Airtel Limited...
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Spain
Cuatrecasas
Spain's Law 2/2023 mandates that companies meeting specific thresholds implement secure, confidential whistleblowing systems to report regulatory violations and corruption. Discover which organizations must comply, permissible reporting formats, and the steep fines for non-compliance in Cuatrecasas' full chapter.
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India
AZB & Partners
AZB & Partners advised the Compass Group on its recent acquisition of 70% stake in food services company ICS Foods. Compass Group, which is a world leader in food and facility management services, has strengthened its position in the Indian food service industry by this strategic acquisition.
Our deal team comprised our Senior Partner...
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India
AZB & Partners
AZB & Partners advised New Mountain on its recent acquisition of majority stake in the US business advisory arm of Grant Thornton, one of America’s leading providers of audit and assurance, tax, and advisory services, for accelerating its business strategy (including for making acquisitions and investments in tech and personnel).
Our deal...
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India
AZB & Partners
AZB & Partners advised CIRCOR International, a KKR portfolio company, on the Indian law aspects of its sale of DeltaValve and TapcoEnpro, forming part of CIRCOR’s refinery valve business, to SCF Partners. DeltaValve and TapcoEnpro are long-standing, trusted brands and industry leading manufacturers of highly engineered, severe-service industrial...
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India
AZB & Partners
"AZB & Partners represented Weaver Services Limited (“Weaver”) in connection with the proposed acquisition of Capital India Home Loans Limited (“Capital Home”), a housing finance company. Capital Home is a material subsidiary of the BSE-listed Capital India Finance Limited.
Our deal team comprised our Senior Partner Nandish Vyas,...
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Ukraine
Sayenko Kharenko (Observer Firm)
Sayenko Kharenko is proud to announce that partners Nazar Chernyavsky and Michael Kharenko have been recommended by the prestigious Who’s Who Legal (WWL): Fintech & Blockchain – 2024 ranking. This recognition underscores Sayenko Kharenko’s consistent delivery of exceptional legal services in the rapidly evolving fintech and blockchain sectors.
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Ukraine
Sayenko Kharenko (Observer Firm)
In a testament to its market-leading position, Sayenko Kharenko has secured exceptional rankings in IFLR1000’s 2024 guide, emerging as Ukraine’s most comprehensive legal powerhouse for complex financial and corporate matters. The firm’s stellar performance includes top-tier rankings across 80% of evaluated practice areas, positioning it as the...
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India
AZB & Partners
AZB & Partners is acting for Lendingkart Technologies Private Limited, Lendingkart Finance Limited and its promoters, in connection with the proposed acquisition of an additional and controlling stake by Fullerton Financial Holdings (wholly-owned subsidiary of Singapore’s Temasek), following regulatory approval. The investment will include a...
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Spain
Cuatrecasas
Cuatrecasas has advised Lightsource bp, a Bp subsidiary, on the financing agreement reached with BBVA, BNP Paribas, CA-CIB and ING for €175 million to build and implement the Guillena project, a cluster of five solar power plants located in Guillena, Burguillos and Alcalá del Río (Seville), with a total output of 248 MWp.
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Nicaragua
Arias
The article examines the obligations imposed by Nicaraguan legislation and international treaties, particularly the Convention on the Rights of Persons with Disabilities, to promote the inclusion of people with disabilities in the workplace. It analyzes employers' responsibilities, such as implementing reasonable accommodations and meeting...
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India
AZB & Partners
AZB & Partners represented Dharma Productions, Karan Johar and Apoorva Mehta in relation to the proposed acquisition of 50% of Dharma Productions by Adar Poonawalla-led Serene Productions LLP, by investing a total of INR 1000 crore, by way of a combination of primary and secondary transactions.
Our deal team comprised our Senior Partner...
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India
AZB & Partners
AZB & Partners advised Metafin Cleantech Finance Private Limited (Metafin) on its venture debt round, which involved participation from InnoVen Capital and Alteria Capital.
"AZB & Partners advised Metafin Cleantech Finance Private Limited (Metafin) on its venture debt round, which involved participation from InnoVen Capital and Alteria...
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Ukraine
Sayenko Kharenko (Observer Firm)
We often hear a question from our trademark clients is whether the full-scale invasion of Russia serves an excuse for trademark non-use. The Supreme Court of Ukraine has issued an important decision on early trademark termination due to its non-use for five consecutive years. As you can imagine, about three years of this period is covered by the...
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Argentina
Bruchou & Funes de Rioja
Argentina offers significant business opportunities through initiatives like the Large Investments Incentive Regime (RIGI), which encourages investments in key sectors such as mining, energy, and infrastructure by providing tax and regulatory incentives. The country's focus on boosting non-conventional hydrocarbons production, particularly in...
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Canada - Ontario
Goodmans LLP
On October 15, 2024, the Office of the Superintendent of Financial Institutions (OSFI) published its annual report for the fiscal year from April 1, 2023 to March 31, 2024 (the “Annual Report”), which provides an overview of OSFI’s performance and major achievements during the year.
Throughout the fiscal year, OSFI achieved several key...
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Argentina
Alfaro Abogados
The National Artificial Intelligence Program: Harnessing Technology for the Common Good in Argentina
Argentina's National AI Program promotes innovation, ethical AI use, and socioeconomic growth.
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Portugal
PLMJ
For the fourth consecutive year, more than 100 students from across the north and south of the country welcomed PLMJ's teams from our offices in Lisbon, Porto and Faro to introduce them to legal questions such as 'what is a court', 'what does a lawyer do' or 'how does a law get passed' in an innovative and educational way.
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China
Zhong Lun Law Firm
The article outlines the background of the introduction of China’s new healthcare policies, highlighting the risks for foreign enterprises invest ment under these regulations and the impact of
US legislation on biotechnology and data security. By strategically planning and allocating resources from the outset, foreign enterprises can expect...
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China
Zhong Lun Law Firm
In this article , we examine a real world case that demonstrates how China's customs voluntary disclosure policies offer great benefits to enterprises . Despite these benefits, however, it is crucial for enterprises to evaluate the applicability of these policies to mitigate any potential adverse effects on their future operations.
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Mexico
Santamarina y Steta S.C.
Santamarina + Steta launched two major recycling campaigns in 2024:
Reciclatón 2024 (June 17 - July 5) collected 3 tons of e-waste, recycling plastics, metals, and batteries in partnership with E-waste services.
Recolección Verde (July 30 - August 21) gathered 15 kg of donated and recycled clothing, repurposing it into products like...
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India
AZB & Partners
AZB & Partners acted for Prescinto Technologies Private Limited (“PTPL”) on IBM’s acquisition of 100% of the share capital of PTPL from the promoters and other shareholders of PTPL.
Our deal team comprised of our Senior Partner Anil Kasturi, Partner Ashish Pareek, Senior Associates Kaushal Prabhat, Anisha Dash and Shubham Toshniwal,...
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Costa Rica
Arias
Rolando García, Senior Counsel in ARIAS Costa Rica and expert in Commercial Law, shares with us the following article on how the paradigm shifts in the way consumers acquire goods and services generates the need to analyze the relevance and effectiveness of existing consumer protection regulations. Particularly, on the elements that would allow...
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Argentina
Alfaro Abogados
An Argentine ruling confirmed a self-satisfying measure in favor of the plaintiff, ordering the defendant to provide running water for human use and consumption. Additionally, the company must grant a discount to the user on the service supply amount. The court utilized technological tools, such as META AI and WhatsApp's artificial intelligence...
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Taiwan
Formosa Transnational
Formosa Transnational (FT) established its ESG Research Group in 2020. Since then, the ESG Group has actively explored and advanced issues related to CSR, ESG, and the SDGs within monthly meetings, including: ESG governance in enterprises, due diligence on human rights and other ESG issues, sustainability agreements and antitrust, green washing...
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Germany
Taylor Wessing
Our webinar "Claiming the clock: Mastering patent entitlement limitation periods and their impact on contract design". Our experts Anja Lunze und Aurel-Damian Roscher will explain the recent decision of the German Federal Court of Justice on the statute of limitations of entitlement claims and what you should consider when drafting...
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Germany
Taylor Wessing
Wirecard, a German company providing electronic payment services, filed for bankruptcy in 2020, after it became known that one quarter of the company's total assets were missing from its accounts. Creditor claims amounting to 15.4 billion euros were registered in the bankruptcy including the claims of 50,000 shareholders, seeking damages for the...
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India
AZB & Partners
AZB & Partners acted for Max Healthcare Institute Limited on its recent acquisition of approximately 64% of the equity share capital of Jaypee Healthcare Limited (“JHL”), which is currently admitted under corporate insolvency resolution process. The transaction also involved repayment of the entire debt owed to financial creditors of JHL....
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India
AZB & Partners
AZB & Partners acted for Haier Appliances (India) Private Limited (“Haier”) and its affiliate Wonder Global (India) Technology Centre Private Limited (an affiliate of Haier) on the acquisition of Carrier Global Corporation’s commercial refrigeration business in India.
Our deal team comprised of our Senior Partners Anil Kasturi and Nandita...
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Netherlands
CMS Netherlands
On September 23, 2024, Netherland's Minister of Economic Affairs sent a letter to parliament detailing his first impressions of the functioning of the EU's Digital Services Act (DSA). The letter addresses three main areas: execution and oversight at the European level, execution and oversight in the Netherlands, and application of the DSA by the...
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Argentina
Alfaro Abogados
The Public Prosecutor's Office of CABA has filed a class action against websites that utilize artificial intelligence to clone facial features and voices. This legal action aims to block access to these platforms, highlighting serious deficiencies in service providers' responsibilities to protect consumer information and rights.
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India
AZB & Partners
AZB & Partners recently advised the investor selling shareholders, LeapFrog Financial Inclusion India (II) Limited, Accion Africa-Asia Investment Company, Eight Roads Investments Mauritius II Limited (formerly known as FIL Capital Investments (Mauritius) II Limited), and 360 One Special Opportunities Fund (formerly known as IIFL Special...
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Thailand
Chandler Mori Hamada
The Securities and Exchange Commission (“SEC”) recently announced amendments to the regulations related to Initial Coin Offering (“ICO”) shelf filing and to the cap on funds raised from retail investors. These amendments came into effect on September 16, 2024, and are designed to expand the options available for ICO applications, supporting the...
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Spain
Cuatrecasas
Cuatrecasas has advised US firm Apollo —one of the largest alternative asset managers— on the launch of Apollo Clean Transition Equity FCR, a new vehicle designed to offer wealth investors in Spain greater access to private equity opportunities focused on the transition to clean energy and sustainable industry.
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China
Zhong Lun Law Firm
In 2024, Zhong Lun Law Firm proudly supported several impactful initiatives aimed at advancing education and sustainability in China. Our Talent Training Project focused on nurturing skills at Chinese universities, while our broader Educational Project reached universities in western China to further empower young minds. We also participated in...
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India
AZB & Partners
AZB & Partners acted for Shanghai-based HuaQin Technologies, world's largest original design manufacturer of mobiles, tablets and laptops, on their recent investment in Bhagwati Products Limited to acquire a 49% stake in the joint venture which will manufacture consumer electronics in India.
Our deal team comprised our Senior Partners Anil...
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India
AZB & Partners
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Netherlands
CMS Netherlands
In February 2024, the European Digital Services Act (DSA) was enacted. To help businesses understand this new regulation, in September 2024 the Authority for Consumer and Markets (ACM) released Guidelines on the DSA for providers of online services. These guidelines outline the types of services covered by the DSA, the rules that providers must...
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India
AZB & Partners
AZB & Partners is acting for Hero Enterprise Partner Ventures on its investment in Homevista Décor and Furnishings Private Limited (HomeLane), a home interior services startup, as part of the Series F fund raising round. HomeLane raised approximately INR 225 crores from various investors (including Hero) in the Series F fund-raising round.
Our...
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Netherlands
CMS Netherlands
On October 4, 2024, the Dutch Supreme Court delivered two landmark rulings that have significant implications for e-commerce platforms. The rulings clarify that buttons labeled "place order," "order," or "complete order" do not meet the requirements set out in Article 6:230v of the Dutch Civil Code, which is derived...
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Costa Rica
Arias
Mental health in the workplace is an issue that impacts not only the wellbeing of employees but also the long-term success of organizations. Catalina Rivera, labor law expert at ARIAS Costa Rica, highlights the critical importance of addressing mental wellbeing as a corporate responsibility. As stress, anxiety, and burnout become more prevalent,...
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Canada - Ontario
Goodmans LLP
The Competition Tribunal released its reasons in Commissioner v. Cineplex on October 3, 2024. It is the first decision under the Competition Act’s “drip pricing” misleading advertising provision, which was added in 2022. This Update discusses important insights from the decision about (i) how the Competition Act’s misleading advertising...
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Argentina
Alfaro Abogados
The Judiciary of San Luis has approved the implementation of the AI program, aimed at enhancing case management and resolution. This artificial intelligence tool seeks to increase efficiency and public trust in the justice system, while preserving the ethical responsibilities of judges. The initiative includes evaluation, training, and a phased...
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India
AZB & Partners
AZB & Partners acted for Accenture on its acquisition of 100% of Bangalore-based chip design company Excelmax Technologies Pvt Ltd., with a view to expand its growing silicon design and engineering capabilities.
Our AZB team comprised our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associates Anshuman Bharadwaj and...
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Thailand
Chandler Mori Hamada
The Securities and Exchange Commission (“SEC”) has recently issued a comprehensive article aimed at helping foreign business operators understand the applicable channels for providing services to Thai investors, the scope of legitimate business operations and other requirements for operating business in the Thai market. This initiative is part...
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Germany
Taylor Wessing
The area known as “environmental criminal law” is becoming increasingly relevant, particularly in light of the current climate crisis. According to Interpol and the UN Environment Programme, environmental crime is the fourth most prevalent criminal activity worldwide, following drug trafficking, human trafficking, and counterfeiting offences.
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Denmark
Bech-Bruun
The Danish Whistleblower Act mandates that companies with 50 or more employees establish a whistleblowing system that allows for written reports of violations of EU law or other serious offenses. Companies may choose to allow anonymous reporting, reporting via external bodies, or oral reporting, though they are only obligated to offer written...
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Argentina
Alfaro Abogados
Alfaro Abogados' Project for the Global Impact–WLG Initiative 2024:
Commitment to Digital Inclusion through Fundación Equidad.
At Alfaro Abogados, we have chosen to engage with Fundación Equidad, a non-profit organization based in Buenos Aires, Argentina, that has been dedicated to reducing the digital devices for over 20 years....
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Argentina
Alfaro Abogados
The National Artificial Intelligence Program: Harnessing Technology for the Common Good in Argentina
Argentina has increased its focus on technology and innovation, highlighting AI as a key driver of development. The National Artificial Intelligence Program aims to integrate AI across various sectors to boost economic growth and social welfare.
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Costa Rica
Arias
The right of withdrawal in Costa Rica, regulated by Law 7472 and its regulations, are limited to door-to-door sales. It allows consumers to rescind contracts within eight business days of their completion without any liability. This provision, an exception to the principle of Pacta Sunt Servanda, protects Costa Rican consumers. Unlike Spain,...
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England
Gowling WLG
Corporate Responsibility Campaign
Champing Responsible Business and keeping 'good things' at the heart of everything they do, international law firm Gowling WLG has set up a giving initiative and fundraising platform, Gowling WLG Gives . Gives raises funds for charities and community groups through a series of engaging...
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Guatemala
Arias
It is common for the Guatemalan Social Security Institute to monitor employers' and affiliates' compliance with the payment of contributions to the social security system through workplace visits, regardless of their nature, and by reviewing accounting books, salaries, payrolls, payment receipts, and any other labor-related documents. This can...
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Argentina
Alfaro Abogados
Argentina has released a guide aimed at ensuring responsible AI implementation. Developed by the Agency for Access to Public Information (AAIP), this guide addresses the implications of automated decision-making systems and seeks to support both public and private entities in incorporating ethical standards into their AI projects.
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Thailand
Chandler Mori Hamada
This year we have gone on two school trips to assist with their vegetable garden project, school renovation, and supply donation. The activities included establishing vegetable plots and mushroom silos to supplement the school lunch program, fence and playground renovation, and donation of school supplies and funds.
15 May – Wat Tanod Temple...
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Spain
Cuatrecasas
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Nicaragua
Arias
Róger Pérez and Douglas Vásquez, our lawyers in Nicaragua, experts in taxes and tax planning, share with us this article about the scope of Law 1040, which contains reforms and repeals to Law 822 "Tax Concertation Law" (hereinafter "LCT”).), and its impact on Non-Profit Organizations (hereinafter "NPOs”).
As of Law 1040...
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Honduras
Arias
The new Food and Beverage Health Control Regulation from ARSA, in effect since September 2, 2023, reinforces food safety with stricter standards on hygiene, ingredients, and labeling. It applies to everything from raw materials to processed foods, ensuring safety throughout the entire food chain. This regulation enhances public health and...
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Guatemala
Arias
This article highlights the importance of lawyers as strategic allies in business legal compliance and risk prevention, helping business owners avoid unforeseen risks and costs. It emphasizes the need for proactive legal advice in areas such as commercial, labor, regulatory, and corporate law to prevent issues that could impact operations.
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Germany
Taylor Wessing
On 2 August 2024, the Federal Ministry for Economic Affairs and Climate Action of the Federal Republic of Germany (BMWK), under the leadership of Robert Habeck, published an “options paper” with various proposals for a new “electricity market design of the future”. The paper is intended to serve as an initial basis for a discussion within the...
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Honduras
Arias
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Spain
Cuatrecasas
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India
AZB & Partners
AZB & Partners advised Fortum on restrictions under Indian law governing documents in relation to divestment of its entire shareholding in Chempolis Oy and Fortum 3 B.V. AM Green has acquired shares of Fortum in these entities with an investment of ≈ USD 1 billion with a vision of producing 0.5 million tonnes per annum of Sustainable Aviation...
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Netherlands
CMS Netherlands
In August 2024, the Dutch Consumer & Market Authority released a survey of webshops on adherence to the “Guidelines for Online Consumer Protection”. The study aimed to assess if webshops were complying with regulations to prevent online consumers from being misled. Key findings from the study are outlined below.
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USA - Georgia
Miller & Martin PLLC
Georgia, USA, boasts a pro-business government and a fast-growing economy. These factors present opportunities for new companies, especially in fintech, data processing, AI, and R&D, supported by a diverse workforce. Member firm Miller & Martin PLLC has recently expanded its offerings with a dedicated Resort & Hospitality practice, building on...
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India
AZB & Partners
AZB & Partners advised Patanjali Ayurved Limited and Patanjali Parivahan Private Limited, promoters of Patanjali Foods Limited ("Sellers"), on the sale of its equity shares for an amount aggregating to INR 20 billion. The sale took place on the floor of stock exchange via the screen-based trading platform. Jefferies India Private...
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India
AZB & Partners
AZB & Partners advised and represented Swades Foundation, a non-profit organization, as the sole counsel on the listing of zero coupon zero principal instrument of face value of INR 1 each aggregating up to INR 10 crores on the social stock exchange (SSE) of National Stock Exchange. This is the biggest issue size by a not-profit organization and...
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Uganda
ENS
Uganda offers excellent opportunities for foreign direct investment due to its rich mineral resources, including gold, silver, and platinum. The country also has significant potential in renewable energy, especially solar, wind, and mini hydropower. Its thriving agricultural sector further strengthens its investment appeal. The Ugandan...
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Mauritius
ENS
Mauritius' economy is diversified. It is recognized as an established offshore financial center for investment on the African continent, with various international banks present in the country. Investment opportunities exist in agro-industry, blue economy, education, financial services, freeport and logistics, healthcare and pharmaceuticals,...
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Brazil
TozziniFreire Advogados
From August 26-30, TozziniFreire held the 6 th edition of its Inclusion Week, an internal initiative for learning and sharing
experiences across all the firm’s offices. The event engages its personnel and social
entrepreneurs from NGOs, seeking to raise awareness of the four priority themes
of its Inclusion program, also...
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Vietnam
VILAF
Vietnam's economy now shows signs of recovery following an economic downturn from 2020 to 2023. Manufacturing and real estate present the most opportunities for foreign investment in the country, with manufacturing accounting for 66.4% of the total registered foreign direct investment, driven by its crucial role in Vietnam’s export-oriented...
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Canada - Ontario
Goodmans LLP
The Canadian Securities Administrators (CSA) recently published CSA Staff Notice 93-302 Frequently Asked Questions About National Instrument 93-101 Derivatives: Business Conduct (FAQs), which clarifies how certain requirements under National Instrument 93-101 Derivatives: Business Conduct Rule (NI 93-101) should be implemented and responds to...
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India
AZB & Partners
AZB & Partners recently advised and represented Max Estates Limited (“the Company”) for the qualified institutions placement of equity shares by the Company, for an aggregate amount of INR 800 crores.
The deal team comprised our senior partners, Varoon Chandra and Agnik Bhattacharyya; our senior associates, Aratrika Choudhuri and Rajat...
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India
AZB & Partners
AZB & Partners successfully represented Standard Chartered Bank (Singapore) Limited (“SCB/Respondent”) before the Supreme Court in an appeal filed by the suspended director (“Appellant”) of RCI Industries & Technologies Ltd. (“RCI”) challenging the order of NCLAT upholding the initiation of CIRP under the IBC against RCI. The Supreme Court...
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Taiwan
Formosa Transnational
Taiwan is one of Asia's major exporters of technology goods, with semiconductors as the top area for opportunity, followed by healthcare, renewable energy, 5G, and telecommunications. The country boasts a high degree of economic freedom that is greatly recognized and appreciated internationally, making it a good destination for investments....
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India
AZB & Partners
AZB & Partners is advising Max Estates on New York Life Insurance’s proposed acquisition of 49 percent stake in two commercial projects of Max Estates for INR 388 crore.
Our deal team comprises our Senior Partner Anil Kasturi, Partners Anisha Shridhar and Anshuman Vikram Singh, Associates Sheetal Aery and Gunjan Hariramani, with support from...
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Argentina
Alfaro Abogados
The Ministry of Security of Argentina has announced in the Official Gazette the creation of the Artificial Intelligence Unit for Security. This unit, operating within the Cybercrime and Cyber Affairs Division of the Cabinet Advisory Unit, is tasked with preventing, detecting, and investigating crimes using AI.
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Argentina
Alfaro Abogados
The Judiciary of Chaco, Argentina, has implemented a chatbot for the personalized assistance of registered lawyers, available 24/7 via WhatsApp, under Resolution 637/24. This tool aims to modernize access to judicial information and streamline processes, maintaining strict security and confidentiality protocols.
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Ukraine
Sayenko Kharenko (Observer Firm)
Resolution No. 988 of 16 August 2024, introduced further amendments to the Cabinet of Ministers of Ukraine Resolution No. 76 of 27 January 2023, “Some issues of implementation of provisions of the Law of Ukraine “On mobilization training and mobilization” regarding the deferral of military personnel during mobilization and wartime.”
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India
AZB & Partners
AZB & Partners advised Perfect Day Inc. on sale of 50% shares of Sterling Biotech to Zydus Animal Health and Investments Limited, a subsidiary of Zydus Lifesciences.
Our deal team comprised our Senior Partners Hardeep Sachdeva and Ravi Bhasin, Partner Sudish Sharma, Senior Associate Gursimran K. Kohli, Associates Druheen Mohanty and Ananya...
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Philippines
SyCip Salazar Hernandez & Gatmaitan
The Philippine Institute of Arbitrators, Inc. (PIArb) recently hosted a panel discussion focusing on the quantification of damages in international arbitration. The event took place at the SyCipLaw Center in Makati City, and attracted a diverse audience of lawyers, engineers, law students, and other professionals.
The esteemed panel...
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Thailand
Chandler Mori Hamada
The Securities and Exchange Commission (the “SEC”) has recently approved amendments to the regulatory framework for ready-to-use utility tokens. These changes aim to better align regulations with the distinct characteristics, risks, and uses of each token type. The amendments are designed to ensure appropriate protection for users without...
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Thailand
Chandler Mori Hamada
The Securities and Exchange Commission (the “SEC”) has updated the governance standards for digital asset business operators to establish robust corporate governance and operational oversight mechanisms that address the unique characteristics and risks associated with their business activities. Additionally, the SEC has revised the guidelines...
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Argentina
Alfaro Abogados
The Innovation Laboratory of Mendoza (Argentina) is participating in the Generative AI Pilot Program
The Supreme Court of Mendoza, through its Innovation Laboratory (JusMendoza.Lab), will be part of the Pilot Program for Strategic and Responsible Use of Generative AI in Argentine Justice, which brings together more than 20 judicial institutions in the country to evaluate the use of generative artificial intelligence tools such as ChatGPT and...
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Argentina
Alfaro Abogados
Argentina's National Tax Court (TFS) has launched an innovative AI-assisted search tool designed to transform legal research. This state-of-the-art platform leverages Natural Language Processing (NLP) and Machine Learning to deliver precise case law retrieval, even with varying query language and minor typographical errors.
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India
AZB & Partners
AZB & Partners was successful in securing a dismissal order from the National Company Law Tribunal, Ahmedabad in an application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 against its client, Detox India Private Limited.
Copy of the order dismissing the application is accessible at
AZB Team comprised of Anuja...
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Brazil
TozziniFreire Advogados
The Brazil-Korea Conference, aimed at offering opportunities to entrepreneurs and professionals engaged with both countries, will hold its 12th edition in 2024 and discuss opportunities and challenges in the bilateral relations between Brazil and South Korea. The conference seeks to foster new relationships and business, establishing...
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India
AZB & Partners
AZB & Partners acted for Hong Kong based China Lodging Holdings (HK) Limited (a part of Huazhu Hotels Group, operating in Asia under the brand name ‘H World’) on its partial exit from Oravel Stays Limited (OYO) and sale of equity shares of OYO to Incred Wealth and Investment Services Private Limited.
Our deal team comprised our Senior...
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Philippines
SyCip Salazar Hernandez & Gatmaitan
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Philippines
SyCip Salazar Hernandez & Gatmaitan
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Thailand
Chandler Mori Hamada
Since the Personal Data Protection Act, B.E. 2562 (2019) (PDPA) became fully effective in 2022, the Personal Data Protection Committee (PDPC) has indicated their intention to spread knowledge and awareness about the law, encouraging compliance across all sectors. Despite receiving over 660 complaints by June 2024, the PDPC has not been imposing...
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India
AZB & Partners
AZB & Partners has been advising Amazon on the recent beta launch of Rufus, its new generative AI-powered conversational shopping assistant, which will use AI to personalize user's shopping journey. Rufus has been trained on Amazon's vast product catalog and web information, basis which it has been trained to answer user questions, compare...
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India
AZB & Partners
AZB & Partners recently advised Internet Fund III Pte Ltd (an affiliate of Tiger Global Group) as a selling shareholder in the initial public offering by Ola Electric Mobility Limited which aggregated to INR 61,455.59 million.
The book running lead managers to the IPO were Kotak Mahindra Capital Company Limited, BofA Securities India...
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India
AZB & Partners
AZB & Partners acted for Oravel Stays Limited (‘OYO’) on its ongoing Series G funding round. OYO has raised a total of more than USD 25 Million from Ask Financial Holdings Private Limited, Incred Wealth and Investment Services Private Limited and J&A Partners.
Our deal team comprised our Senior Partner Niladri Maulik, Partner Anshuman Vikram...
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India
AZB & Partners
AZB & Partners represented the Walt Disney Company and Star India Private Limited in securing the approval of the Competition Commission of India (CCI) for the USD 8.5 billion merger of Viacom18 and Disney’s Indian media businesses. The approval is subject to the compliance of certain voluntary modifications.
Our competition team was led by...
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Guatemala
Arias
In a world where commercial activities are increasingly frequent, and the economic needs, as well as the rising prices and costs of products, continue to grow, the Supreme Court of Justice has been compelled to amend the jurisdictional thresholds of the Peace Courts in municipalities across the Republic.
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El Salvador
Arias
The Legislative Assembly has approved the "Intellectual Property Law," which consolidates previous laws and establishes the Salvadoran Institute of Intellectual Property. This law modernizes the protection of copyrights and trademarks, promoting digitalization and expanding coverage to new digital environments.
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India
AZB & Partners
AZB & Partners has acted for Craftsman Automation Limited, a manufacturer of components for automotive & industrial engineering sectors, on its acquisition of a residual 24% stake in DR Axion India Private Limited (‘DRAIPL’). Post completion of the transaction, DRAIPL has become a wholly owned subsidiary of Craftsman Automation Limited.
Our...
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India
AZB & Partners
AZB & Partners advised Greenizon Agritech Consultancy Private Limited (Jai Kisan), on its acquisition of a majority stake in the Kushal Finnovation Capital Private Limited, a non-banking financial company.
The deal team comprised our Senior Partners Vaidhyanadhan Iyer and Gautam Ganjawala, Partner Karthik Mudaliar and Associates Sanghamitra...
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India
AZB & Partners
AZB & Partners represented Dr. Agarwal’s Health Care Limited (‘AHCL’) in its joint venture with Thind Eye Care for providing ophthalmological diagnostic and surgical services and operating state-of-the-art super specialty hospitals in the territories of Punjab, Himachal Pradesh and Chandigarh.
Our deal team comprised our Senior Partner...
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Singapore, Germany
World Law Group
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Germany
Taylor Wessing
Germany's Whistleblower Protection Act, which came into effect July 2, 2023, mandates that all companies with 50 or more employees establish an internal reporting system to safeguard whistleblowers and encourage ethical corporate practices. Learn how this law impacts businesses and the potential fines for non-compliance by reading...
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United Arab Emirates
Al Tamimi & Company
In a heartwarming display of corporate social responsibility (CSR), Al Tamimi & Company law firm recently partnered with Senses Residential and Day Care for Special Needs to celebrate Eid with the children at the center. This initiative underscored the firm’s commitment to giving back to the community and creating meaningful...
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USA - Massachusetts
Troutman Pepper Locke
Locke
Lord is committed to giving back to the communities in which we work and live
through our considerable investment of time and resources in making sure our
business initiatives are part of creating a better world around us. This year,
Locke Lord partnered with three local organizations during WLG | impact ’24:
Woonasquatucket...
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Ukraine
Sayenko Kharenko (Observer Firm)
Foreign companies and organisations operating in Ukraine through permanent representative office henceforth will be able to acquire the right to engage in construction activities. This includes, in particular, large construction projects categorized as having medium (CC2) and high (CC3) impact classes under Ukrainian legislation. ...
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India
AZB & Partners
AZB & Partners advised Ravindra Energy Limited on the development of a solar captive project in Hingoli, Maharashtra for Hindustan Composites Limited (“HCL”). HCL intends to buy power, as captive consumer, from the captive project which is to be commissioned by March 2025. This is part of the C&I portfolio being developed by Ravindra Energy...
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India
AZB & Partners
AZB & Partners represented the promoter of Kalyan Jewellers India Limited in a transaction involving purchase of 2.36 percent stake from Highdell Investment Limited (Warburg affiliate) for INR 1,300 crores.
Our deal team comprised of our Partners Siddharth Khanna and Varun Lamba, along with Senior Associate Shubham Toshniwal. They were...
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India
AZB & Partners
AZB & Partners successfully represented Reliance General Insurance Company Limited (“RGIL”) and defeated a summary judgment application under Order XIII-A of the Code of Civil Procedure, 1908, filed by Future Generali India Insurance Company Limited (“FGIL”) before the Bombay High Court (“Court”). The commercial suit was filed by FGIL seeking...
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Belgium
CMS Belgium
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South Korea
Bae, Kim & Lee LLC
On April 27, Dongcheon Legal Center for NPOs co-hosted the 11th NPO Legal Support Group Training Program at Bae, Kim & Lee LLC with the Korean Bar Association and the Seoul Bar Association. The program, which was launched in 2017, aims to train legal practitioners to assist non-profit organizations (NPO) and promote pro bono...
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France
Soulier Avocats
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USA - Texas
Hunton Andrews Kurth LLP
Hunton Andrews Kurth LLP is pleased to announce that five of the firm’s lawyers have been selected for inclusion in the 2024 Texas Rising Stars.
The full Rising Stars list appears on superlawyers.com and in the April 2024 issue of Texas Super Lawyers Magazine – Rising Stars, published by Law & Politics Media Inc. In addition, selected...
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Thailand
Chandler Mori Hamada
The Office of the Securities and Exchange Commission (“SEC”) has recently sought a public hearing on the draft bill amending the Royal Decree on Digital Asset Business Operation, B.E. 2561 (2018) (“Draft Bill”) to rules regarding the use of digital assets for payments and the participation of digital asset businesses in the Bank of Thailand's...
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India
AZB & Partners
AZB & Partners acted for Accenture on its recent acquisition of silicon design and engineering services company Cientra, to expand its silicon design capabilities.
Our deal team comprised our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associate Farah Titina, Associates Avani Laad, Tarini Mehtani and Niranjan Kumar....
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Spain
Cuatrecasas
Cuatrecasas has advised the ORIX Group company Elawan Energy SL on its agreement with Corporación Acciona Energías Renovables SA to acquire Acciona Saltos de Agua SLU—a hydroelectric power producer and its three subsidiaries. The transaction is expected to be closed by the end of this year, subject to regulatory approvals.
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India
AZB & Partners
AZB & Partners is advising the EV ride hailing company Blu-Smart in its Pre-Series B Funding Round wherein existing and new investors including responsAbility fund, Switzerland, MS Dhoni Family Offices, Renew Power CEO Sumant Sinha, are proposing to invest upto USD 24 million. The funds will be used to expand Blu-Smart’s operations and build...
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India
AZB & Partners
AZB & Partners advised Avenir Management Company, LLC on their investment of USD 50 million in a USD 665 million fund raise by Kiranakart Pte Ltd. (Zepto).
Our deal team comprised our Senior Partner Ashwath Rau, Partner Jasmin Karkhanis, Senior Associate Soham Roy and Associate Tushar Anand. They were supported by Partner Aditya Alok on the...
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Ukraine
Sayenko Kharenko (Observer Firm)
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Canada - Ontario
Goodmans LLP
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Canada - Ontario
Goodmans LLP
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), together with the Canada Revenue Agency (CRA), recently issued an operational alert (the “Alert”) intended to support reporting entities in recognizing financial transactions in the real estate sector suspected of being related to laundering the proceeds of tax evasion.
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Brazil
TozziniFreire Advogados
This year, Rio Grande do Sul suffered from severe floods that devastated
the infrastructure of its cities, directly affecting its population and being
classified as "the greatest climate catastrophe" in the state's
history.
TozziniFreire, which operates in Porto Alegre, demonstrated its support
and solidarity with the state in three...
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Germany
Taylor Wessing
Diversity and inclusion are topics that nowadays play an important role for every company doing business in Germany. A corporate culture of diversity is key for a successful company as it not only demonstrates the company’s awareness and acknowledgement of its social structure but can also strengthen the employees’ sense of belonging and...
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Canada - Ontario
Goodmans LLP
On July 25, 2024, the Canadian Securities Administrators (CSA) introduced temporary exemptions from certain provisions of National Instrument 93-101 concerning Derivatives: Business Conduct (the “Business Conduct Rule”) in order to address feedback from derivatives dealers and advisers related to compliance with the Business Conduct Rule when it...
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India
AZB & Partners
AZB & Partners acted for Accenture on its recent strategic alliance and acquisition of a minority investment in ANSR, a leader in developing strategic Global Capability Centers (GCCs).
Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Senior Associate Sana Nagar and Associate Avani Laad, with support...
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China
Zhong Lun Law Firm
As a foreign entity which receives personal information from China, whether it has operations or establishments within the country or not, navigating China’s complex regulatory environment on data protection and privacy can be challenging. This article aims to provide such foreign entities with some basic guidance on complying with the general...
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Canada - Ontario
Goodmans LLP
The Supreme Court of Delaware’s recent decision in Kellner v. AIM ImmunoTech Inc. provides important guidance on the limits of a board’s authority to amend an “advance notice” bylaw in the context of a live proxy contest, holding that even facially valid bylaws may be unenforceable if adopted primarily for entrenchment purposes.
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India
AZB & Partners
AZB & Partners represented Mitsui on their acquisition of a strategic stake in SATS Food Solutions India, as part of the food and retail solutions businesses partnership between Mitsui and SATS. SATS is a major airline service provider, and Mitsui will hold a 15% stake in the joint venture which will engage in the business of food manufacturing...
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India
AZB & Partners
AZB & Partners represented Mankind Pharma Limited, a listed company, on the proposed acquisition of 100% stake in Bharat Serum from Advent for approx 13,630 crores.
Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Sneha Nagvekar, Senior Associate Sana Nagar, Senior Associate Karun Jhangiani, Associates Shivam Gupta and...
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India
AZB & Partners
AZB & Partners represented KKR in their recent acquisition of a majority stake in Baby Memorial Hospital Limited, which is one of the leading regional multi-specialty hospital chains in South India that provides comprehensive services with specialized treatment across 40 medical and surgical departments including cardiology, oncology, neurology,...
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India
AZB & Partners
AZB & Partners represented Poland-based salmon company Koral S.A., and its shareholders Abris Capital Partners and Boguslaw Kowalski, the company’s founder, on Koral’s recent sale to Captain Fresh.
Our deal team comprised our Senior Partner Srinath Dasari, Counsel Adoksh Shastry, Senior Associate Mridula Sriram, Associates Ritum Kumar and...
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Netherlands
CMS Netherlands
The Netherlands Commercial Court (NCC) has set a precedent in a post-merger and acquisition (M&A) dispute by enforcing a contractual disclosure clause, thereby granting the seller extensive rights to documents and interviews with key executives. This decision underscores the NCC's commitment to uphold disclosure agreements within contracts and...
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Germany
Taylor Wessing
Following the suspension of a case by the German Federal Court of Justice (BGH) in January 2024 (Case No. I ZR 53/23) in light of a pending case before the European Court of Justice (ECJ) (Case No. C-440/23), the BGH has now referred another case regarding online sports betting losses to the ECJ (decision of 25 July 2024 - Case No. I ZR 90/23).
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USA - Illinois
Faegre Drinker
Motorola v. Hytera arose after Hytera had poached three Motorola engineers, “offering them high-paying jobs in exchange for Motorola’s proprietary information.” (Opinion at 2.) Hytera then used the stolen materials to develop a competing line of products indistinguishable from Motorola’s product. Much of the theft occurred from 2010 to 2014, but...
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India
AZB & Partners
AZB & Partners advised Bain Capital Private Equity L.P. on the Indian law aspects of its acquisition of PowerSchool Inc. along with all its subsidiaries in a transaction valuing PowerSchool Inc. at USD 5.6 billion. PowerSchool Inc. is a public company listed on the New York Stock Exchange and is a leading provider of cloud-based educational and...
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USA - Illinois
Faegre Drinker
In ATS Tree Services v. Federal Trade Commission, the Eastern District of Pennsylvania found that even if the plaintiff employer could show irreparable harm, injunctive relief would still be inappropriate because the plaintiff was unlikely to prevail on its argument that the FTC did not have authority to promulgate the Noncompete Rule.
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Guatemala
Arias
Ivón Hernández and Cristina Ortega, lawyers in Guatemala and experts in Intellectual Property, share with us this article related to the Olympic Games, the largest sporting event globally. The Olympic symbol is one of the most recognized trademarks worldwide. There are other intellectual property assets or Olympic Properties, whose use is...
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India
AZB & Partners
AZB & Partners represented ONGC Videsh Limited (OVL), a Schedule ‘A’ Navaratna Central Public Sector Enterprise, in a cross-border transaction of acquiring: (i) Equinor Apsheron AS’ participating interest (PI) in Azeri-Chirag-Deepwater Gunashli oil fields (ACG Oil Field); (ii) Equinor Apsheron AS’ shareholding in AIOC and GPC (both Cayman Island...
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India
AZB & Partners
AZB & Partners acted for Leap Green Energy Private Limited (a renewables platform based in Tamil Nadu that focuses on providing clean energy solutions to commercial and industrial customers) (“LGE”) and the Promoters of LGE, on the acquisition of 100% of its share capital by Brookfield (through its affiliated entities) from its existing...
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Spain
Cuatrecasas
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USA - Illinois
Faegre Drinker
Under Motorola, a trade secret plaintiff can bring its claim against a foreign defendant in the United States even when most of the wrongful conduct occurs outside the USA, so long as there is some act in furtherance of the misappropriation in the United States. In such cases, the trade secret plaintiff can recover damages on all of the...
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India
AZB & Partners
AZB & Partners recently advised the investor selling shareholder, BC Investments IV Limited (an affiliate of Bain Capital), on the successful initial public offering by Emcure Pharmaceuticals Limited, comprising fresh issuance and offer for sale of equity shares for an amount aggregating to INR 19,520 million.
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India
AZB & Partners
AZB & Partners acted for Oravel Stays Limited (“OYO”) on the issuance of certain Series G preference shares to InCred, on a fully diluted basis for a consideration of USD 50 Million. OYO is engaged in the business of providing a technology platform to customers for hotel and accommodation bookings owned by third parties.
Our deal team...
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India
AZB & Partners
AZB & Partners advised General Catalyst on Indian legal and regulatory aspects of their acquisition of the India focused early-stage investor, Venture Highway.
Our deal team comprised our Senior Partner Ashwath Rau, Partner Aditya Alok, Senior Associate Shivani Goel and Associate Shubhi Maheshwari. They were supported by our Senior Associate...
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Netherlands
CMS Netherlands
In a judgment of 12 July 2024, the Supreme Court of the Netherlands (Hoge Raad) clarified the legal status and implications of mediation clauses in commercial contracts. The ruling confirms that such clauses are either non-binding or obligatory, depending on the wording and the parties' reasonable expectations. The court also emphasised that...
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India
AZB & Partners
AZB & Partners recently advised Bansal Wire Industries Limited on its initial public offering, which was undertaken by way of a fresh issue of equity shares for an amount aggregating to ₹ 7,450 million. The book running lead managers to the initial public offering were SBI Capital Markets Limited and DAM Capital Advisors Limited.
The AZB...
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Netherlands
CMS Netherlands
In a landmark decision, the Supreme Court of the Netherlands has held that an electric vehicle (EV) that fails to achieve the advertised range under normal driving conditions does not conform to the contract of sale and can be returned by the buyer. This ruling may have significant implications for the automotive industry and consumer protection...
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Germany
CMS Germany
"WLG is a great platform for meeting lawyers from around the globe, expanding your network, and exploring ways for collaboration and joint business development activities. By being a Key Contact Partner and getting to know delegates in person at the WLG meetings, it is possible to establish long-lasting and reliable business relationships...
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Germany
Taylor Wessing
Following the renewed question referred by the BGH regarding the scope of Art. 80 para. 2 GDPR, the ECJ ruled on July 11, 2024 in case C-757/22 on the standing of consumer protection associations. According to the court, the breach of an information obligation pursuant to Art. 12 et seq. GDPR is sufficient to enable representative actions.
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New Zealand
MinterEllisonRuddWatts
"I am looking forward to the upcoming WLG IBA Breakfast in Mexico City... It never ceases to amaze me how common the issues are that we each face no matter which jurisdiction we work in. I'm particularly interested in discussing global trends in the legal profession and exploring opportunities to collaborate to create real value for our...
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England
Gowling WLG
"I was thrilled to be involved in the whole summit! As a first-time attendee, I was made to feel welcome by everyone across WLG. There is so much we, World Law Group, can do together to connect, collaborate and create huge opportunities for all our member firms, and meeting in person really helps to strengthen relationships across our...
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USA - Illinois
Faegre Drinker
On Monday, July 8, 2024, the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) released additional FAQs specifying that reporting companies created or registered on or after January 1, 2024, that are subsequently dissolved or cease to exist, are required to make a CTA filing even if such reporting companies cease to...
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India
AZB & Partners
AZB & Partners advised BlackRock, Inc. on the Indian aspects of their proposed acquisition of 100% of Preqin Holding Limited and its subsidiaries, for a consideration of approximately USD 3.2 billion, with an aim to expand BlackRock’s Aladdin tech business into the private markets data segment.
Our deal team comprised our Senior Partner...
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India
AZB & Partners
AZB & Partners acted for Bain Capital, which sold its entire residuary ownership of 3.59% in L&T Finance Limited by way of block deals, at an aggregating gross consideration of USD 180 million (approximately).
Our deal team comprised our Senior Partners Anil Kasturi and Nandita Govind, Senior Associate Rohit Dutta and Associate Saksham...
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India
AZB & Partners
AZB & Partners assisted Alfanar India for installation of smart meters with Esyasoft Technologies Private Limited. Alfanar India was awarded two smart metering projects by the Madhya Pradesh DISCOMs (Bhopal and Jabalpur) for around 2 million smart meters under competitive bidding regime. The transaction is significant given that the role of...
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India
AZB & Partners
AZB & Partners is represented TPG on the India leg of its proposed acquisition of a controlling stake in Altimetrik, which is a significant strategic investment for TPG.
Our deal team comprised of our Senior Partners Vaidhyanadhan Iyer and Bhuvana Veeraragavan, Senior Associate Mridula Sriram, Associates Raina Kanungo, Yash Anand and Shivani...
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India
AZB & Partners
AZB & Partners advised Decision Point Private Limited in India, Chile and Mexico in its 100% sale to Latent View Analytics Limited. Decision Point is a leader in AI-led Business Transformation and Revenue Growth Management (RGM) solutions with 300+ employees worldwide. Latent View Analytics Limited is a global data analytics company especially...
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India
AZB & Partners
AZB & Partners recently advised Allied Blenders and Distillers Limited and the Promoter Selling Shareholders, Bina Kishore Chhabria, and Resham Chhabria Jeetendra Hemdev, on its initial public offering, which was undertaken by way of a fresh issue and an offer for sale for an amount aggregating to ₹ 15 billion.
The book running lead managers...
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India
AZB & Partners
AZB & Partners advised Warburg Pincus from an Indian law perspective on its investment, with participation from Accel, in the approximately $350 million fund raising by CData Software.
Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Jeet Chaudhuri, Associates Shivani Shenoy, Jay Singhee, Akanksha Khandelwal and Rishav...
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Thailand
Chandler Mori Hamada
The Electronic Transactions Development Agency (ETDA) issued a notification on 11 June 2024 regarding a new manual for overseeing advertising on digital platform services. The notification aims to prevent deception, illegal product or service offerings, and other unlawful activities related to advertising on digital platforms, which have become...
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Germany
Taylor Wessing
As already reported in detail (see our Insight of 2 August 2023 here [German only]), the first case regarding advertising using the term ‘climate-neutral’ was brought before the highest German civil court, the Federal Court of Justice (Bundesgerichtshof), in July last year (case no. I ZR 98/23). On 27 June 2024, the Federal Court announced its...
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Uruguay
Guyer & Regules
As part of World Environment Day and this year's UN slogan, we carried out a joint activity with
AMBA, an NGO to which we provide probono services.
Organización Civil Amba is a non-profit organisation that since 2016 develops several projects to
protect biodiversity in the province of Rocha. They work in the preservation of...
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Argentina
Alfaro Abogados
On June 28, by a large majority in the House of Representatives, with 147 votes in favor and 107 against, the "Ley de Bases" was approved. This bill promotes private enterprise and the free development of industry and commerce, while limiting any unnecessary state intervention. But it only defines the main guiding principles that...
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Argentina
Alfaro Abogados
In today's digital age, artificial intelligence (AI) has evolved from a mere trend into an essential tool that is revolutionizing the way we work and live. Among the most noteworthy innovations is generative AI, a technology that, although still in development, is already transforming various industries, including the legal sector.
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Argentina
Alfaro Abogados
The report “AI, data governance, and privacy: Synergies and areas of international co-operation” published by the Organization for Economic Co-operation and Development (OECD) explores the intersection of AI and privacy and ways in which relevant policy communities can work together to address related risks, especially with the rise of...
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Vietnam
VILAF
The Land Law 2024 that shall take effect on 1 August 2024 introduces a new regulation that allows non-bank entities to take security over land use rights. This article will explore how this regulation could impact the real estate financing market and the opportunities and challenges it could bring for both lenders and borrowers.
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Thailand
Chandler Mori Hamada
In recent years, news and headlines have increasingly highlighted the surge in cyber threats and crimes. Organizations and individuals in Thailand have been targeted by a variety of cyber threats, including ransomware attacks, system hacks, spam calls, and phishing scams. These threats are often linked to data leaks or illegal sales of personal...
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Thailand
Chandler Mori Hamada
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USA - Illinois
Faegre Drinker
The Supreme Court has rejected the bankruptcy court's authority to grant through confirmation of a plan nonconsensual third-party releases without consent of creditors in a narrow ruling that does not impact plans confirmed by final order and does not opine on acceptable forms of consent. For the jurisdictions that permit consensual third-party...
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Germany
Taylor Wessing
In its decision of 19 January 2023 (Case No.: 312 O 256/21), the Regional Court of Hamburg had to deal with the admissibility of various statements advertising an energy drink in which the drink was said to increase the ability to concentrate and react. The question arose as to whether such statements could constitute an infringement of Art. 10...
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Germany
Taylor Wessing
Since the enactment of the Fair Consumer Contracts Act in 2022, which mandated the inclusion of a cancellation button for evergreen agreements on websites in Germany (also known as the “2-click cancellation law”), there has been a lot of attention by German Consumer Protection Associations (CPA) and a notable impact on businesses.
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Germany
Taylor Wessing
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Canada - Ontario
Goodmans LLP
Effective August 19, 2024, businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) must report transactions suspected to be related to sanctions evasion to the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). FINTRAC recently issued guidance on when and how to report such...
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Namibia
ENS
Namibia is upgrading its transportation infrastructure to facilitate investment and position itself as a logistics hub for road, rail, and sea transportation, connecting neighboring countries to the global marketplace, and establishing itself as a green hydrogen investment destination. Green hydrogen production is expected to contribute...
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Rwanda
ENS
Rwanda experiences comparatively high levels of stability and security by regional standards and has continued to protect its political stability since the 1994 genocide. The country boasts a track record of robust economic growth and a strong reputation for low corruption. ENS, member firm for South Africa, explores areas of opportunity,...
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Costa Rica
Arias
Labor relations are crucial for companies, yet they face significant legal challenges. Adhering to clear contracts, proper worker classifications, and regulatory benefits is essential to avoid legal issues and safeguard corporate value. Regularly evaluating compliance with labor regulations helps mitigate operational and legal risks.
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Denmark
Bech-Bruun
Legally, Denmark offers a transparent and efficient legal system that is easy to navigate and provides strong protection of intellectual property rights. The country's legislation is modern, efficient, and in line with EU legislation, which supports international trade and investments. Denmark's consistently high ranking in 'Ease of Doing...
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Germany
CMS Germany
The circular economy offers multiple investment opportunities across nearly all sectors and is on top of the political agenda in Germany. However, while the country offers opportunities for growth and innovation, businesses must navigate a dynamic landscape shaped by political transitions, economic challenges, and evolving regulatory frameworks...
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El Salvador
Arias
The use of electronic signatures expedites administrative procedures before the Tax Authority, reduces costs and eliminates geographical barriers. This digital tool, which has the same legal value as a handwritten signature, benefits both the tax administration and local and foreign taxpayers, promoting the modernization and efficiency of tax...
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Costa Rica
Arias
Costa Rica's environmental protection is hindered by budget cuts and a lack of specialized judges, leaving over 8000 cases unresolved. Decentralized efforts face resource shortages, highlighting the need for robust legal frameworks, adequate funding, and community participation. Strengthening judicial capacity and implementing the Escazú...
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Nicaragua
Arias
New Law creates the National Attorney Office for the Defense of Free Competition and Alternative Dispute Resolution, a new entity that integrates the functions of the National Institute for the Promotion of Competition (PROCOMPETENCIA) and the Alternative Dispute Resolution Directorate (DIRAC), with the purpose of centralizing the defense of...
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Honduras
Arias
Honduras has taken a step towards reducing the gender inequality gap in the workplace by approving and implementing the new Labor Inspection Protocol, specifically focused on gender discrimination in employment and occupation. This agreement, approved by the Ministry of Labor and Social Security (SETRASS), aims to reduce discrimination,...
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Ireland
Mason Hayes & Curran
L-R: Stephen Cowhey with Vanessa Byrne and Michael Doran
We are pleased to announce the promotion of Stephen Cowhey to partner in our market-leading Real Estate team .
Stephen supports clients through the entire real estate project lifecycle, from acquisition, development and financing to operation and sale. Having worked on...
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Ireland
Mason Hayes & Curran
In recent years, there has been a marked increase in the amount of legislation generated at an EU level with a view to improving cybersecurity across Europe. The Network and Information Security Directive (NIS2), the Cyber Resilience Act, the Digital Operational Resilience Act (DORA) and the EU Cybersecurity Act are each aimed at...
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Ireland
Mason Hayes & Curran
A recent English court decision looked at whether injunctions are a suitable remedy for stopping breaches of confidentiality. The court concluded that if someone breaks a confidentiality agreement and it is hard for the wronged party to prove and receive damages, an injunction will be an appropriate solution. We examine the decision.
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Kenya
ENS
Kenya boasts one of the most diversified and advanced economies in Africa, which rebounded rapidly from the COVID-19 pandemic. The country provides various tax and investment incentives to both local and foreign investors, including tax holidays, duty-free importations, and a 100% investment deduction on capital expenditures for eligible...
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Ghana
ENS
While Ghana's government welcomes foreign private investment, the investment legislation prescribes local participation requirements for certain sectors to limit foreign domination in the economy. From a cultural perspective, Ghanaian people enjoy getting to know their business associates personally before beginning formal business proceedings....
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China
Zhong Lun Law Firm
The article explores the copyrightability of AI-generated images in China, focusing on a landmark case adjudicated by the Beijing Internet Court. In the "Spring Breeze" case, the court recognized the copyrightability of AI-generated images, setting a relatively low standard for judging originality. This contrasts with the cautious...
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Ireland
Mason Hayes & Curran
We are pleased to announce the promotion of Kim Bowen to partner in our Employment Law & Benefits team. The firm now employs over 600 staff in Ireland, the UK and the US, dedicated to delivering bespoke, innovative client solutions.
Kim specializes in Business Immigration , offering expert advice to...
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Ireland
Mason Hayes & Curran
The Workplace Relations Commission has made another landmark award of compensation in recent weeks. A leading academic at a third-level institution was awarded €300,000 in compensation for being unfairly dismissed by his employer. We review the impact of this decision and what employers can do next.
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El Salvador
Arias
Occupational safety is applicable in all workplaces, both in public and private institutions. Their implementation is influenced by factors such as the number of workers, company activities, workplace facilities, etc. With the objective of guaranteeing an adequate level of protection against the different occupational health and safety risks for...
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India
AZB & Partners
AZB & Partners represented The Rise Fund (founded by TPG) in connection with the US$ 275 investment by IFC, ADB and DEG consortium in Fourth Partner Energy Private Limited, a C&I-focused renewable energy company.
Our deal team comprised our Senior Partner Nandish Vyas, Partner Malaveeka Chakravarthy, Senior Associate Vyoma Mehta and Associate...
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Germany
Taylor Wessing
The Act to Accelerate the Digitalization of the Healthcare System (“Digital Act”) was announced on 26 March 2024. In Section 393 of the Fifth Social Insurance Code (“SGB V”) as amended, the Digital Act contains far-reaching regulations on the permissibility of cloud use in the healthcare sector, which will come into force on 1 July 2024....
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Ukraine
Sayenko Kharenko (Observer Firm)
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Makarim & Taira S.
WLG | summit Bali '24 Host Firm Makarim & Taira S. Gives Back
Makarim & Taira S. (WLG member firm for Indonesia) has been a valued network member since 2012. A leading firm in the country for over 44 years, its team of over 90 lawyers offers a full range of corporate, banking, litigation, and specialist legal...
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USA - Illinois
Faegre Drinker
In a departure from the 2023 methodology, the Office of Federal Contract Compliance Programs (OFCCP) targeted contractors with large employee populations. The OFCCP updated its Supply and Service Scheduling Letter and Itemized Listing last year. The new changes significantly expanded the audit scope and will require selected contractors who...
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Malaysia, Australia, Uruguay, Belgium, India, Mexico, Costa Rica, Brazil, Portugal, Argentina, Finland, Singapore, Spain, Luxembourg, Ghana
We asked our member firms around the globe to complete a short Q&A to help WLG colleagues and others learn more about them, how to successfully do business in their countries, key investment sectors, and what business opportunities are hot in the market right now. This guide was initially published in 2021. Several chapters have been updated in...
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Ireland
Mason Hayes & Curran
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India
AZB & Partners
AZB & Partners represented Tata Motors, a company with US 44 billion market capitalisation, for the restructuring involving demerger of their entire commercial vehicle business out of Tata Motors and merging the passenger vehicle business with Tata Motors. The reorganisation will result in creation of two listed companies with one housing the...
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Netherlands
CMS Netherlands
The EU has adopted a comprehensive regulation on artificial intelligence (AI) that aims to foster innovation, ensure trustworthiness, and protect fundamental rights. The regulation sets out harmonised rules and obligations for providers, deployers, and users of AI systems in the EU, as well as third-country actors whose AI systems affect the EU...
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Ireland
Mason Hayes & Curran
A recent Supreme Court decision indicates that private energy generators could be considered to be ‘public authorities’. As a result, they may be subject to the environmental information regulatory regime, which imposes significant obligations on ‘public authorities’ to make ‘environmental information’ available on request. We consider the...
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Ireland
Mason Hayes & Curran
The European Data Protection Board’s recent report on the role of data protection officers identifies several issues and ways in which shortcomings can be addressed by companies. We look at the key learnings and set out why companies should consider the report carefully before assessing their compliance position.
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Canada - Ontario
Goodmans LLP
On May 22, 2024, the Office of the Superintendent of Financial Institutions (OSFI) released its Annual Risk Outlook – Fiscal Year 2024 - 2025 (the “ARO”), which summarizes the current risk environment and underscores the primary risks facing Canada’s financial sector. The ARO outlines OSFI’s measures to maintain public confidence in Canada’s...
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Germany
Taylor Wessing
Anti-subsidy Investigation: EU Examines Possible Countervailing Duties for Chinese Electric Vehicles
In recent years, imports and the share of electric vehicles from Chinese manufacturers have been increasing in the EU. In the Commission's view, there is evidence that Chinese car manufacturers benefit from subsidies from the Chinese government and that this has a negative impact on European economic operators, i.e. leads to a distortion of...
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Ireland
Mason Hayes & Curran
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Argentina
Bruchou & Funes de Rioja
As part of the WLG Impact 2024 initiative, Bruchou & Funes de Rioja will carry out the "Plastic-Free June and Plastic with Purpose" project, in which all its members will be called upon to fill bottles with hard-to-recycle and single-use plastic waste generated daily and collect them. These plastics include: bags, pasta packages, rice,...
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India
AZB & Partners
AZB & Partners acted for A. O. Smith India Water Products Private Limited and A. O. Smith Corporation on its acquisition of Unilever and HUL’s water purification business in India, Bangladesh, Sri Lanka, Vietnam and Mexico carried under the brand ‘Pureit’.
Our AZB deal team comprised our Senior Partners Anil Kasturi, Niladri Maulik and Mr....
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Brazil
TozziniFreire Advogados
"The use of technology certainly brings challenges to intellectual property as is the case with discussions regarding AI platform databases. On the other hand, nowadays, we have many more tools available to help us monitor online infringements, for example, which allows us to offer broader protection to our clients."
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South Africa
ENS
South Africa has a well-established democracy following its transition to democracy in 1994 and is a regional leader with a highly developed economy and advanced economic infrastructure. It is rich in natural resources, with a diverse economy that spans mining, agriculture, manufacturing, and services. Member firm ENS dives into opportunities...
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Panama
Arias
Investment Funds in Panama are an attractive option for those interested in maximizing their financial assets and diversifying their businesses. In Panama, there are two types of funds, public and private, each with its legal particularities, which must be met before starting operations in the country.
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Indonesia
Makarim & Taira S.
Indonesia is now actively pursuing carbon capture and storage (“CCS”) as part of its strategy to address climate change and reduce carbon emissions. This advisory provides guidance on the framework for CCS activities under Presidential Regulation No. 14 of 2024 on the Implementation of Carbon Capture & Storage Activities (“PR 14/2024”), issued...
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Ukraine
Sayenko Kharenko (Observer Firm)
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Indonesia
Makarim & Taira S.
Indonesia’s franchise regulatory framework has undergone significant development since its inception in 1997. It now consists of two simplified regulations: Government Regulation No. 42 of 2007 on Franchising (“GR 42/2007”) and Minister of Trade Regulation No. 71 of 2019 on the Implementation of Franchising.
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India
AZB & Partners
AZB & Partners advised Accenture on all Indian law aspects of its acquisition of Camelot Management Consultants, an international SAP-focused management and technology consulting firm.
Our deal team comprised of our Senior Partner Vaidhyanadhan Iyer, Partner Vasudha Asher, Associates Deepti Narayanan and Shivam Gupta....
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Ukraine
Sayenko Kharenko (Observer Firm)
Sayenko Kharenko is proud to announce its participation in the Export and Capacity Building Consultation Projectю The project is implemented by the USAID Competitive Economy Program in Ukraine. As part of the initiative, the firm will provide online consultations to enhance the export potential of Ukrainian companies, particularly those in the...
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Italy
Gianni & Origoni
Gianni & Origoni renews its commitment in the fight against gender violence and presents #UGUALEPERTUTTE, a project based on long-term initiatives. The aim is to counter the phenomenon of violence against women in all its forms with concrete actions as well as provide real and tangible support by identifying preventive tools and remedies.
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Spain
Cuatrecasas
Cuatrecasas has advised Goldman Sachs Bank Europe SE and J.P. Morgan SE as global coordinators, and the rest of the bank syndicate, as well as the majornity shareholder, on the initial public offering (“IPO”) and admission to trading of the Class B shares of Puig Brands, S.A., on the Spanish stock exchanges.
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Chile
Urenda, Rencoret, Orrego y Dörr
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India
AZB & Partners
AZB advised Vista Equity Partners, an American private equity firm, on its acquisition of Model N, a provider of revenue optimization and compliance for pharmaceutical, medtech, and high-tech innovators, for USD 1.25 billion.
Our deal team comprised our Senior Partner Ashwath Rau, Partner Jasmin Karkhanis, Senior Associate Soham Roy and...
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Germany
Taylor Wessing
According to the German Federal Court of Justice (the Court), a “related party” (nahestehende Person) within the meaning of German insolvency law includes in the case of a legal entity, an indirect shareholder, provided that it holds more than 25% of the shares. Here, the Court will assume that the legal entity has advance knowledge of the...
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Castrén & Snellman
Recently, Castrén & Snellman (C&S) hosted WLG | regional Helsinki '24 , bringing together colleagues from 17 member firms with business interests in the EMEA region to expand their knowledge of law firm economics, operational strategies, and the art of collaborative client service. Attendees participated in a local CSR activity as part...
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World Law Group
Did you know that the average family in the United States will spend nearly USD 600 per child in preparation for their back-to-school season? During WLG | regional New York '24, our delegates made a positive local impact through a backpack and supplies donation activity. Along with graciously offering space in their New York offices, Locke...
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India
AZB & Partners
AZB & Partners advised KKR on the divestment of a ~17% stake in India Grid Trust for ~US$ 215 million, which was completed by way of an offer for sale (OFS) process on the floor of a stock exchange. This marks the first OFS that was successfully completed for a public listed InvIT.
Our M&A transaction team comprised our Senior Partners...
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Hergüner Bilgen Üçer Attorney Partnership
We actively engage with our local communities through pro bono legal services, volunteer initiatives, and partnerships with non-profit organizations that promote access to justice, education, and social welfare. We provided pro bono legal advice to SDG Outcomes Fund, a specialist impact investment fund, on a government-funded results-based...
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AZB & Partners
"At WLG | regional Bangkok '24, I found the session on 'How Allied Firms Can Serve A Client Together and Effectively' by Ms. Peangpanor Boonklum particularly engaging. Ms. Boonklum shared practical insights on managing client expectations when allied firms collaborate, drawing from her extensive experience working with different firms."
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India
AZB & Partners
AZB & Partners represented promoters of Anshul Life Sciences for a 100% sale to leading global specialty ingredients solution provider Barentz International.
Our deal team comprised our Senior Partner Vaidhyanadhan Iyer, Partner Sneha Nagvekar, Associates Deepti Narayanan, Priyasha Goyal, Jay Singhee and Meghna Somani....
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Canada
Goodmans LLP
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USA
Faegre Drinker
The America First Legal Foundation filed suit on behalf of the plaintiff. This case is similar to many other challenges to DEI programs in that the lawsuit was being brought by a plaintiff who has not applied to the program at issue. The court found that the plaintiff did not have standing to bring a claim derived from an allegedly...
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Chandler Mori Hamada
Recently, CMHM hosted WLG | regional Bangkok '24 , bringing together colleagues from 10 member firms with business interests in the Asia-Pacific region to expand their knowledge of law firm economics, operational strategies, and the art of collaborative client service. Attendees participated in a local CSR activity as part of WLG | impact's...
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France
Soulier Avocats
France: Formality Requirements Governing the Assumption of Pre-incorporation Contracts are Abolished
In three rulings issued on November 29, 2023, the French Supreme Court reversed it case law on the requirements governing the assumption of pre-incorporation contracts.
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Argentina
Alfaro Abogados
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Japan
City-Yuwa Partners
A government initiative to promote non-carbon generating renewable energy has provided ample opportunity for foreign investment in renewable energy projects in Japan. Member firm City-Yuwa Partners also share that the legal system is business-friendly in that the country does not have discovery or class-action lawsuits and, overall, is not...
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Germany
Taylor Wessing
At the request of the Dutch, Norwegian and German (Hamburg) supervisory authorities to the European Data Protection Board ("EDPB"), the EDPB has addressed the issue of providing clarity on the implementation of "consent or pay" models considering Meta's business model. These models are particularly relevant for large online...
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Indonesia
Makarim & Taira S.
Shareholders in public companies in Indonesia will be required to disclose share pledge activities, following the issuance of a new regulation by the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”). This regulation aims to enhance transparency and regulatory oversight within the country’s publicly-listed companies.
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Canada
Goodmans LLP
In Budget 2024, the Government of Canada announced its intentions to amend the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA), the Criminal Code, the Income Tax Act, and the Excise Tax Act, and to take additional measures to strengthen the supervision, enforcement, and...
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Guatemala
Arias
Guatemala: Implementation of the New Compliance Stage in the Wastewater Regulation as of May 1, 2024
As of May 1, 2024, Guatemala enters the new stage of compliance with the Wastewater and Sludge Disposal Regulations that establish more demanding maximum limit parameters.
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Germany
Taylor Wessing
In case C-741/21 (JURIS), the Court of Justice of the European Union recently answered important questions regarding liability for data breaches, the assessment of damages and the influence of human error on liability. The decision confirms and builds on recent case law. Nevertheless, the decision provides an opportunity to clarify the...
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India
AZB & Partners
AZB & Partners recently advised the President of India acting through the Ministry of Coal (“Seller”), for the sale of 97,064,662 equity shares aggregating to approximately 7.00% of the total paid-up equity share capital of NLC India Limited for an aggregate amount of INR 20.58 billion. The sale took place by way of the offer for sale through...
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Germany
Taylor Wessing
The AI Act ("KI-VO") regulates (among other things) the requirements for AI systems. They should be safe, transparent, comprehensible, non-discriminatory and environmentally friendly.
But what happens if AI systems violate these requirements and cause damage? Unlawful behaviour is naturally difficult to attribute to AI systems...
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Germany
Taylor Wessing
The AI Act ("KI-VO") regulates (among other things) the requirements for AI systems. They should be safe, transparent, comprehensible, non-discriminatory and environmentally friendly. If AI systems violate these requirements it is difficult to attribute unlawful behaviour to AI systems.
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