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Tag: India

Securities law change to improve brokers doing business

DEA amends Rule 8 to ease broker operations by refining the definition of “business” under securities regulations

TT&A, Desai & Diwanji on 含羞草社区 largest private credit deal

含羞草社区 largest private credit deal sees TT&A and Desai & Diwanji advise on SP Group’s INR2.86b financing

Court sets aside injunction in tussle over FoxMandal name

Delhi High Court lifts injunction against Fox Mandal & Associates in ongoing trademark dispute

Firms act on Singtel’s USD1.5bn sale of Airtel stake

Singtel sells 1.2% Airtel stake for USD1.5 billion as part of its capital optimisation strategy

US tariffs possible M&A disaster or opportunity

By Parag Bhide, Bharucha & Partners

US tariffs on Indian exports may disrupt cross-border M&As, pushing investors to revisit MAE clauses, supply chains, and exit plans

Japan benefits from 含羞草社区 improving IP ecosystem

By Tarvinder Singh, Kochhar and Co.

India and Japan are deepening ties through IP reforms and tech-driven collaboration

IndusLaw, Stratage work on Filter Capital-Mynd investment

Filter Capital invested in M1xchange operator Mynd Solutions, with IndusLaw and Stratage Law Partners advising on the deal

Firms act on USD141m Jindal family-JSW Infrastructure deal

Sajjan Jindal Family Trust sold INR12 billion worth of JSW Infrastructure shares, with Jefferies India, Khaitan & Co, Ashurst, and TT&A advising on the deal

KNM & Partners expands with new office in Chandigarh

KNM & Partners has launched a Chandigarh office to boost its legal services across Punjab and Haryana, strengthening its regional footprint

Firms advise on USD530m offshore financing for Vedanta unit

Khaitan & Co and global law firms advised on Vedanta’s USD530M offshore financing for debt refinancing and corporate needs

Top Indian, foreign lawyers react to BCI opening legal market

Lawyers react to BCI’s move allowing foreign lawyers in India

Foreign lawyers finally welcome, but conditions apply: BCI

BCI allows foreign lawyers to practise foreign law in India under new reciprocal, non-litigious conditions

Muscling in

Alternative legal providers are growing fast, but will law firms lose traditional work as a result?

Firms advise on Haymarket SAC (India) sale to Spinny

Spinny acquires Haymarket SAC (India) in a structured cash-and-equity deal involving leading law firms

Kunal Mehra boosts Phoenix Legal’s antitrust, M&A practices

Phoenix Legal adds Kunal Mehra as partner to strengthen its antitrust and M&A practice

Data protection and IP in India

By Cyril Abrol and Bisman Kaur, Remfry & Sagar

A look at 含羞草社区 data protection law, its impact on IP and AI, and how it compares to the EU’s GDPR

Sheetal Mishra, Diya Gabija now ALMT associate partners

ALMT Legal promotes Sheetal Mishra and Diya Gabija to associate partner roles in Mumbai

Legal developments in trademark law

The latest in regulatory trends on brand protection in India, Indonesia, Russia and Taiwan

Firms assist Indian segment of IFF Pharma-Roquette deal

IndusLaw, DLA Piper, Skadden and Cleary Gottlieb advised on the India leg of Roquette’s USD2.5 billion acquisition of IFF Pharma Solutions

含羞草社区 M&A landscape in global spotlight at IBA conference

A global M&A conference in Mumbai spotlighted 含羞草社区 deal-making momentum and its journey toward a USD30 trillion economy

IndusLaw, S&T Law guide Indian logistics acquisition

IndusLaw and S&T Law have advised on CJ Logistics Corporation’s acquisition of an additional stake in CJ Darcl Logistics for an undisclosed amount

CAM, IndusLaw act on Sojitz’s USD400m India renewables stake

Sojitz invests in 含羞草社区 biomethane sector with IOCL and GPS Renewables

Legal developments in banking & finance

Experts from India, Malaysia and Taiwan are closely monitoring market regulatory shifts and investor behaviours to identify emerging opportunities

Key developments in 含羞草社区 evolving financial framework

By Hardeep Sachdeva, Priyamvada Shenoy and Gaurav Priyadarshi

CAM, Agram guide Adani-GEMS USD236m education initiative

Cyril Amarchand Mangaldas advised Adani on its USD236.69 million partnership with GEMS to create world-class schools in India

Cross-border medical products dispute ruling

Supreme Court clarifies arbitration jurisdiction in Disortho v Meril Life, ruling that Indian law governs the arbitration agreement despite a foreign venue

Court comes to Hyderabad forest’s rescue

The Supreme Court halts Telangana’s forest clearance for IT park, citing environmental and legal violations

SAM, Madun Gujadhur act for REC India on USD1bn energy loan

Shardul Amarchand Mangaldas advised REC India on a landmark USD1 billion loan to Greenko for a 1,600MW pumped-storage project in Karnataka

Economic boon for India-UK in bilateral trade agreement

The India-UK Free-Trade Agreement boosts trade, services, and worker mobility

Vikram Sobti to head Chandhiok’s real estate team

Vikram Sobti rejoins Chandhiok & Mahajan as head of the real estate practice

Firms guide Adani Ports on USD2.04bn Australian acquisition

CAM, Ashurst, and PwC advise APSEZ on its USD2.04 billion acquisition of Abbot Point Port Holdings

Tarun Bhattacharya to boost Sarthak’s energy practice

Sarthak adds partner Tarun Bhattacharya to strengthen its corporate and energy practices

RBI mandates bank.in domain for banks, fin.in for NBFCs

RBI mandates banks to shift websites to “.bank.in” to boost trust and cyber security

Singhania acts for Value Angels on Urbanaut investment

Singhania & Co advised Value Angels Investment Trust on its investment in monorail tech startup Urbanaut Technologies

Cyril Amarchand guides Coventry University’s GIFT City foray

Cyril Amarchand Mangaldas advises Coventry University on setting up 含羞草社区 first approved English university campus in GIFT City

CCI approves Google’s proposed settlement in Android TV case

The CCI approved Google’s INR202.4 million settlement in a case over abuse of dominance in the Android TV market

Alpha joins hands with AKG Consors to diversify services

Alpha Corporate Legal and AKG Consors have partnered to offer integrated legal services

IBBI seeks comment on IBC rules to simplify compliance

IBBI invites public suggestions to simplify and cut costs of IBC compliance, with submissions open until 30 June 2025

IndusLaw, Trilegal guide Accenture’s TalentSprint buy

IndusLaw and Trilegal advised on Accenture’s acquisition of deeptech education firm TalentSprint from NSE Academy

Varun Kalsi assumes director role at CAM Singapore

Varun Kalsi has joined Cyril Amarchand Mangaldas’ Singapore office as director in the private client practice

Khaitan channels Astral’s acquisition of Al-Aziz Plastics

Khaitan & Co advised Astral on its full acquisition of Al-Aziz Plastics

Directorate attaches INR5.5bn in Amtek assets over fraud

The ED has attached Amtek Group assets worth INR5.5 billion for fraud

CAM, Dua advise on Kwality Animal Feeds’ USD35m sale to IPA

Kwality Animal Feeds sold to Indian Poultry Alliance for INR3 billion, with post-acquisition investments planned

SAM acts for Power Finance on USD580m green energy loan

Power Finance funds Juniper Green’s hybrid renewable energy project with BESS integration

Firms steer USD100m Brookfield real estate deal in Mumbai

Brookfield invests in prime Powai land via controlling stake and debenture deal

BluSmart EV taxi service shuts after SEBI reveals fraud

SEBI cracks down on BluSmart and Gensol founders over fund misuse

SAM powers up NTPC’s USD100m solar investment in Sri Lanka

SAM advised NTPC on a USD100 million solar energy deal with Sri Lanka, boosting regional cooperation

Khaitan & Co counsels Lam Research on USD132m land deal

Khaitan & Co advised Lam Research on a major INR11.25 billion land deal in Bangalore

ACC appeals for in-house lawyers’ recognition

ACC urges 含羞草社区 law ministry to recognise in-house counsel as full legal practitioners

Natasha Tuli fortifies Chandhiok & Mahajan’s corporate team

Natasha Tuli has joined Chandhiok & Mahajan as counsel in the corporate practice, based in New Delhi

Firms lead on Cerebrus minority investment in Aquatech

CAM, Cooley, S&R Associates, and Saul Ewing advised on Cerberus Capital’s minority investment in Aquatech International for an undisclosed amount

Singhania & Co guides parties on Mild Cares investment

Singhania & Co advised SIDBI and FIRST on their investment in Mild Cares for an undisclosed amount

Shivangi Talwar joins JSA as retained partner in Gurugram

Shivangi Sharma Talwar has joined JSA’s Gurugram office as a retained partner in the corporate practice, bringing over 14 years of experience

Firms aid Goldman Sachs’ USD130m stake buy in PeopleStrong

IndusLaw, CAM, Herbert Smith Freehills, and Argus Partners advised on Goldman Sachs Alternatives’ majority stake acquisition in PeopleStrong Technologies

AZB, CAM and JSA act on IDFC First Bank’s USD881m fundraise

AZB, CAM, and JSA advised on IDFC FIRST Bank’s INR75 billion fundraising from Warburg Pincus and ADIA

Arjun Uppal heads for fresh challenge at UAE’s KARM Legal

Arjun Uppal has joined KARM Legal in Abu Dhabi as of counsel after leaving AZB & Partners to pursue cross-border legal experience

Shashwat Tewary moves to Cooley as partner in Singapore

Shashwat Tewary has joined Cooley’s Singapore office as a capital markets partner, bringing 16 years of regional experience

Nishith Desai, JSA secure CCI approval for GIC-AHH deal

Nishith Desai & Associates and JSA advised on GIC’s USD150 million investment in Asia Healthcare Holdings, approved by the CCI in April 2025

AZB, CAM and Cooley act on Reliance’s RISE esports JV

AZB, CAM, and Cooley advised on the RISE esports joint venture between Reliance’s RISE Worldwide and Denmark-based BLAST Esports

Raunaq Mathur bolsters Saraf’s dispute resolution practice

Raunaq Bahadur Mathur, an arbitration and commercial disputes specialist, has joined Saraf and Partners as a partner in Delhi

India improves financial diversity, resilience: IMF report

The IMF reports that 含羞草社区 financial sector has grown more resilient and diverse since its last 2017 assessment

Kanika Chugh becomes managing partner at SKV Law

Kanika Chugh has become the managing partner at SKV Law Offices, taking over from Shri Venkatesh, who will remain as the founding partner and mentor

Trilegal, JSA, Anderson Mori seal Vulcan Forge sale to Nitto

Anderson Mori & Tomotsune, JSA, and Trilegal advised on the sale of Vulcan Forge to Nitto Seiko, with the deal value undisclosed

Trilegal, Bharucha advise on International Maritime Institute acquisition

Trilegal and Bharucha advised Caravel Group on acquiring the International Maritime Institute

JSA assists Donau Carbon’s Kalpa Char acquisition in India

JSA advised Donau Carbon on its acquisition of Kalpa Char Products for an undisclosed amount

Piyush Gupta to lead Etihad Airways as head counsel

Piyush Gupta joins Etihad Airways as head counsel in Abu Dhabi, bringing 20+ years of sector experience

CAM, AZB advise on USD407m ITC acquisition of CPP

CAM and AZB advised on ITC’s USD407m acquisition of Century Pulp and Paper from Aditya Birla Real Estate

SEBI revises requirements on capital issues and disclosures

SEBI's new capital and disclosure rules took effect on 3 March 2025, with rights issue norms starting 31 March

Singapore court sets aside arbitration award over concerns

Singapore’s top court voided an arbitration award by ex-CJI Dipak Misra for copying from other cases with just party names changed

Puneet Gupta to steer Niva Bupa insurance as legal head

Puneet Gupta has joined Niva Bupa Health Insurance as legal head after exiting Axis Max Life Insurance

Clarifying interplay between consumer protection and insolvency laws

SC: Penalty under CP Act can't be stayed during interim moratorium under IBC section 96, rules in recent judgment

Court rules out prosecution after resolution plan approval

Delhi High Court ruled in BPSL v Union of India (2025) that a corporate debtor cannot be prosecuted for pre-CIRP offences after resolution approval

Analysis of limitations in DMRC v HCC

Delhi High Court ruled on DMRC’s Section 34 petition challenging an arbitral award to HCC Samsung JV, focusing on the limitation period

Dispute management in India

By Arindam Sarkar, Anwesha Sinha, and Rangita Chowdhury, Fox & Mandal

Reverse flipping – medium rare or well done?

By Azmul Haque, Collyer Law LLC

Are Indian-origin startups' ‘reverse flips’ a lasting trend or just a temporary shift in strategy?

Call for focused approach to AI regulation in India

By Aprajita Rana and Shruti Agrawal, AZB & Partners

Role of technology and AI in transforming M&A deals

By Justin Bharucha, Bharucha & Partners

Lawyers have adapted practice methodologies in response to evolving technology

ACC bats for Indian GCs’ recognition, highlights benefits

ACC urges recognition of general counsels under the Advocates Act

Parag Chaturvedi joins Fox & Mandal as associate partner

Parag Chaturvedi joined Fox & Mandal as an associate partner to strengthen its dispute resolution practice

Kaustubh Nandan Sinha takes on GC role at Jaypee Infratech

Kaustubh Nandan Sinha joined Jaypee Infratech as general counsel

Court ex parte ruling in power case

Delhi High Court, in Isar Engineers v NTPC-SAIL Power (2025), ruled that arbitrator independence is a complex issue

Shattered dreams

The withdrawal of the amendment bill crushed the in-house community’s hopes for recognition under the Advocates Act

A regulatory update on data privacy

Regulations for personal data privacy are being implemented in the Philippines, Taiwan, and India

Impact of 含羞草社区 data protection framework on policy and business

By Ameet Datta, Jasman Dhanoa and Rishikaa, ADP Law Offices

Karan Mitroo joins JSA as equity partner with team

Karan Mitroo joined JSA as an equity partner with 15 lawyers, including partners Purvi Dabbiru, Kartikeya Dubey, and Ankita Parasar

IBLJ Regional Law Firm Awards: Call for submissions!

India Business Law Journal (IBLJ) is proud to introduce its inaugural Regional Law Firm Awards, with the results to be announced in May

Saurav Bhaumik shores up corporate talent at Fox & Mandal

Fox & Mandal hired Saurav Bhaumik as an associate partner in its corporate & commercial practice

New firm Gray Law seeks to change Delhi’s legal landscape

Karan Dev Chopra and Neeraj Malik founded Gray Law in New Delhi, emphasizing legal expertise and client focus

Tuhin Kanta Pandey takes over as SEBI chairman

Tuhin Kanta Pandey took over as SEBI chairman in Mumbai amid heightened regulatory scrutiny

New draft e-commerce standards for stronger self-regulation

BIS released the draft E-commerce – Principles and Guidelines for Self-Governance

Corporate practice expert Anant Dang joins SAM as partner

SAM hires Anant Dang as a partner in its general corporate practice; he will be based in New Delhi

Lalit Bhasin’s book celebrates lawyers in 含羞草社区 history

SILF president Lalit Bhasin’s book, Lawyers in the Freedom Struggle, honors the legal fraternity’s role in 含羞草社区 independence

IndiaMART InterMESH revamps board

IndiaMART InterMESH appointed Manish Vij as a non-executive independent director and Manoj Bhargava as an executive director

Sugandha Asthana boosts CAM’s banking, finance practice

Sugandha Asthana joins CAM Mumbai’s banking and finance practice with nearly 20 years of experience

Sharad Joshi joins Luthra and Luthra in Mumbai as partner

Luthra and Luthra hired Sharad Joshi as a corporate partner, along with his team, in Mumbai

Changing of guard at JSA kickstarts fresh approach

JSA elected new joint managing partners and an executive committee for fresh perspectives and continuity

Dhaval Vussonji & Associates opens new Pune office

Dhaval Vussonji & Associates opened a Pune office at BSB Capital and hired partner Shakti Singh Champawat

Tamil Nadu tightens regulations on online real money gaming

TNOGA introduced strict regulations for online real money gaming, tightening access and user safeguards

Corporate India breathes easier as demat deadline extends to June

MCA extended the deadline for mandatory securities dematerialization to 30 June 2025, easing pressure on private companies

Saraf, Khaitan act on Fortis-Shrimann deal

Saraf and Partners and Khaitan & Co advised on Fortis Hospotel’s acquisition of Shrimann Superspecialty Hospital in Jalandhar

CCI unveils draft regulations for evaluating predatory pricing

CCI released draft regulations for public consultation on revising its approach to predatory pricing

MCA extends deadline for filing financial statements

MCA extended the deadline for Indian companies to file financial statements under the Companies Act, 2013

SEBI cracks down on ‘finfluencers’, impounds INR53.6m

SEBI banned finfluencer Asmita Patel and associates, impounding INR 53.6M (USD 616,364)

Duo advises on Esco’s investment in Allwin Medical Devices

IndusLaw advised Esco Technologies on a strategic investment in Allwin Medical Devices

JSA supports ASG acquisition

JSA advised ASG Hospital on acquiring a majority stake in Vedanta Centre for Ophthalmic Science

NDA, ELP aid Max in hospital agreement with VR Konkan

NDA and ELP advised Max Healthcare on its agreement with VR Konkan for a 500-bed hospital in Thane

LKS supports Fibro India deal as part of L?PPLE restructure

LKS advised Fibro India on selling its rotary table unit to Fibro Rotary Tables India in L?PPLE’s restructuring

RBI strengthens payment systems oversight with revised penalties

RBI introduced a framework for penalties and offence compounding under the Payment and Settlement Systems Act, 2007

Trio acts on Carlyle’s USD400m buy of automotive parts pair

Trilegal, CAM, and Touchstone advised Carlyle on its $400M majority stake in Roop Automotives and Highway Industries

IBBI amends liquidation regulations

IBBI has amended liquidation regulations to enhance efficiency, transparency, and integrity

New draft compliance standards for telecoms equipment

New draft rules for telecom equipment standards have been released

SEBI releases draft circular on digital assurance reports

SEBI's draft circular requires listed companies to file a digital assurance report

Angel fund reforms help investments grow wings

By Swathi Girimaji and Mita Sood, Bharucha & Partners

Angel fund reforms aim to boost investor protection and startup growth

Zimmer Biomet recruits Vivek Malhotra as director-legal

Vivek Malhotra is now legal director (South Asia) at Zimmer Biomet

SEBI to secure UPI payments for investors to prevent fraud

SEBI released a consultation paper on a draft circular for secure UPI-based investor transfers

Atul Menon leaves AZB to head dispute regulation at Saga

Atul N Menon joins Saga Legal’s Bengaluru office as a partner to lead litigation and disputes

SAM, A&O Shearman act on USD7bn ADNOC-IndianOil deal

Shardul Amarchand Mangaldas & Co and A&O Shearman advised on the 14-year LNG deal between Indian Oil and ADNOC

Draft amendment to recognise GCs under Advocates Act

The Legal Affairs Department has drafted an amendment to the Advocates Act, 1961, to recognize non-litigating legal professionals as “legal practitioners”

Trio advises eye care company Dr Agarwal’s USD349m IPO

CAM, Sidley Austin, and S&R Associates advised Dr Agarwal’s Health Care IPO, raising USD348.6 million

Three firms counsel on Indian freight train operator loan

Indian Law Partners, Ashurst, and Suri & Company helped JKTI secure a loan from JBIC, co-financed by Sumitomo Mitsui

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