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JSA has advised India Grid Trust (IndiGrid) on the USD199 million acquisition of a 300MW solar power project in Rajasthan from ReNew Energy Global. ReNew, India’s leading decarbonisation solutions firm, has entered a share purchase agreement with IndiGrid to sell...
Ananta Barua has joined as a senior adviser at IndusLaw, following his retirement as a full-time member of the Securities and Exchange Board of India (SEBI) in 2023. The central government appointed Barua from 2018, holding pivotal roles at the...
distinctive pharma packaging

Distinctive pharma packaging needed to avoid harm

By Manisha Singh and Puja Tiwari, LexOrbis
In the recent case of Dr Reddy’s Laboratories Limited v SGS Pharmaceuticals (P) Limited, Delhi High Court granted relief to the plaintiff, Dr Reddy’s Laboratories, by restraining the defendant from infringing on the registered trademark, trade dress, colour scheme,...
Court restores PepsiCo’s right

Whose potato is it really? Court restores PepsiCo’s rights

By Essenese Obhan and Charul Yadav, Obhan & Associates
In a rare test of the plant variety protection law in India, a division, or appellate, bench (DB) of Delhi High Court in Pepsico India Holdings Pvt Ltd v Kavitha Kuruganti reversed a single judge bench (SJ) decision that...
Luthra and Luthra Law Offices has advised a consortium of financial institutions in a USD425 million foreign currency loan to fund Serentica Renewables’ 530MW energy project in India. The consortium included Rabobank, the Export Import Bank of India, India Infrastructure...
Kirkland & Ellis and JunHe represented Carlyle Group in the USD1.8 billion sale of its entire stake in the McDonald’s China operation to McDonald’s. M&A partners Pierre Arsenault and Jesse Sheley led the Kirkland & Ellis team, advising international law....
Four partners – Geoffrey Zha in Beijing, Yu Haiyan in Chengdu, Joyce Zhang in Shanghai and Joyce Gu in Shenzhen – have joined Global Law Office, shoring up the IP, disputes, capital markets and ESG compliance businesses. Yu and Zha...
The Precept Law Offices, an Indian law firm, is forging an alliance with Ahmed AlRaeesi Advocates and Legal Consultants, a Dubai-based law firm known for its expertise in serving clientele across India and the Middle East. “This partnership reinforces our...
Jingtian & Gongcheng welcomes partners Zhang Zhanjiang and He Yuan to its Beijing and Hangzhou offices, respectively, covering the intellectual property and dispute resolution practices. Zhang, a qualified patent attorney, brings IP knowledge gained from his previous work at the...
Indian Defence Sector Reforms

FDI taking up arms in the defence sector

By Pradeep Jain and Apeksha Lodha, Singhania & Co.
India’s defence sector has long been a government-controlled industry with limited private sector participation. However, the need for modernisation, self-reliance and defence exports has led to significant reforms to attract FDI. FDI of 74% is now allowed under the...
Greenberg Traurig has welcomed Jake Robson as co-managing shareholder of its Singapore office and head of the South and Southeast Asia M&A practice. Richard Rosenbaum, executive chairman at Greenberg Traurig, said: “Adding someone with Robson’s results-driven reputation is the latest...
Mayuri Tiwari has joined Anagram Partners to strengthen the firm’s disputes practice. Tiwari, who will join as a partner, is a seasoned dispute resolution specialist with more than 13 years of dedicated expertise in commercial litigations and arbitrations. Her practice focuses...
DOCVIT has recruited senior partner Wang Miao and partner Wei Zhibiao to strengthen its IP and taxation practices. A qualified patent attorney based in Shanghai, Wang brings IP knowledge from his previous roles at Joint-Win Partners and HFG Law Firm...
Haroon Asrar has joined Solomon & Co Advocates & Solicitors as a partner and head of the firm’s Pune branch. Asrar, who brings 13 years of experience, specialises in infrastructure, corporate and commercial law. He will focus on corporate transactions,...
Appleby will add John McCarroll SC as a partner to bolster its dispute resolution team in Hong Kong which takes effect in mid-April. David Bulley, managing partner at Appleby, said: “John’s extensive BVI experience and his position as a silk...
assets discovered after CIRPvideo

Only creditors distribute assets discovered after CIRP

By Sonam Gupta and Divyam Sharma, Bharucha & Partners
In Allahabad Bank v SPS Steels Rolling Mills Limited, the National Company Law Tribunal (NCLT) considered how the assets of a corporate debtor discovered after the approval of a resolution plan should be distributed. SPS, the corporate debtor, had certain...
investing in nuclear sector barriers

Barriers to investing in the nuclear sector

By Swathi Girimaji and Sayan Dasgupta, Bharucha & Partners
Following the grant of the Nuclear Suppliers Group waiver in 2008, India divided its nuclear operations into military and civilian facilities. While nuclear power has civilian uses such as energy supply, civilian participation in the sector is not allowed....
Revamp of corporate capital regime

Revamp of corporate capital regime under revised Company Law

By Calvin Yang and Zhuang Yuan, ETR Law Firm
After multiple rounds of deliberations, the fourth draft amendment to China’s Company Law was formally adopted on 29 December 2023 and will come into effect on 1 July 2024. The corporate capital regime is one of the three pillars of...
Frasers Law has welcomed energy specialist Gwendoline Yi-Quin Brooker as a partner to support the firm’s growing Hanoi office. Mark Fraser, managing partner at Frasers, said: “Brooker’s immense international experience in the energy sector particularly concerning dispute resolution is a...

Focus of judicial decision on invalid private bills discounting

By Sun Qiming, Anli Partners
Commercial acceptance bills commonly play a crucial role in business as a payment and financing instrument, while discounting is a regular way to boost liquidity. Unlike commercial banks, private discounting typically involves intermediaries or commercial bill platforms with lower handling...
TDCX has signed a definitive merger agreement with Transformative Investments and its subsidiary Helium, which will see CEO and founder Laurent Junique and his affiliates take the solutions provider private for around USD1.037 billion. Partners Rajeev Duggal and Jonathan Stone...
Dacheng Law Offices has opened a new office in Foshan, the third largest city in Guangdong province, expanding the firm’s presence in the Greater Bay Area (GBA). Senior partner Liu Xiaohui leads the new office of about 60 staff. It...

Flow interrupted!

The central bank’s move to curb evergreening loans looks set to backfire as the future of alternative investment funds may hang in the balance, writes Freny Patel Many non-bank finance companies (NBFCs) are running pillar-to-post in a major attempt to...
India and Japan business partnershipsvideo

The flourishing India and Japan business partnerships

By Pradeep Ratnam and Nishant Arora, Kochhar & Co.
In a world of shifting trade allegiances, the business alliance between India and Japan testifies to longevity, stability and shared ambitions. The ever-deepening ties between the two Asian powerhouses are built on common aims of sustainable growth, technology driven...
securing patient information

Health provider obligations in securing patient information

By Mathew Chacko, Aadya Misra and Shambhavi Mishra, Spice Route Legal
This, the second in a two-part series on health data protection law, examines the impact of the Digital Personal Data Protection Act, 2023 (DPDPA), on healthcare organisations. The DPDPA was enacted in 2023 but is not yet in effect. It...
In-house counsel and corporate legal teams honoured by their peers for outstanding legal work. Katherine Abraham reports Individual Awards Team Awards The third edition of the In-House Counsel Awards continues our endeavour to recognise the driving forces behind the success of India’s...

Gathering dust

With more than 50 million cases pending at courts across the country, India holds the dubious distinction of one of the largest backlogs of cases in the world, with decades-old commercial disputes burdening litigants, the judiciary and the country....
PREVIOUS COLUMNS OF LEXICON have discussed the grounds on which an international commercial court will accept jurisdiction to hear a dispute (see China Business Law Journal, volume 8, issue 10: International commercial courts; and China Business Law Journal, volume 10,...
Role Commercial Litigation Lawyer (2-4 PQE) - 16931/VTA Location Hong Kong, China Job Description This is an excellent opportunity for a Cantonese/Mandarin-Chinese-speaking litigator to join this top-tier Chinese law firm in Hong Kong. Our client is looking for a commercial litigation solicitor to work...
dissenting financial creditors

Securing the rights of dissenting financial creditors

By Nishtha Arora and Srishti Bansal, SNG & Partners
In the recent case of DBS Bank Limited Singapore v Ruchi Soya Industries Limited and Anr, the Supreme Court held that in the insolvency proceedings of a corporate debtor, the dissenting financial creditors were entitled to the minimum value...
TM rights in Shakti Bhog

TM rights in ‘Shakti Bhog’ controversy amid insolvency proceedings

By Manisha Singh and Lisha Chauhan, LexOrbis
Amid the ongoing criminal proceedings alleging fraud and money laundering against officers of the Shakti Bhog companies and of creditor bank employees, insolvency proceedings are underway and have been for some time. A dispute concerning ownership of intellectual property...
Both commercial arbitration cases and their disputed amounts have skyrocketed across China in recent years. Arbitration has now emerged as a key method for dispute resolution and a go-to alternative to traditional litigation, resulting in greater complexity of cases...
Pinsent Masons has chosen James Arnott and Veronica Scott as partners to launch the firm’s technology, media and telecommunications (TMT) practice in Melbourne. Matthew Croagh, head of Australia at Pinsent Masons, said: “Every organisation is grappling with the ferocious pace...
On 29 December 2023, the Standing Committee of the National People’s Congress of China promulgated the amended Company Law, after its deliberation of four versions of draft amendments in the past three years. The new Company Law will come...
CMS Germany has welcomed back partner Mariel Dimsey from her recent role as secretary-general of the Hong Kong International Arbitration Centre (HKIAC), while Eric Ng, HKIAC’s deputy secretary-general, has also left to join Hong Kong-based Prince’s Chambers as a...
Baker McKenzie and Allen & Overy have played pivotal roles in advising on the establishment of South Korea’s first open-ended core fund. Baker McKenzie provided counsel to APG Asset Management, the investment manager of the largest pension provider in the...
Appleby has broadened its fund financing capability with the addition of new partner Lily Miao in the corporate department of its Hong Kong office. Miao has joined from the Hong Kong office of another offshore law firm, Mourant Ozannes,...
Yulchon has expanded its international arbitration offering with the hiring of David MacArthur as a partner and co-head of international dispute resolution, the Seoul-based law firm told Asia Business Law Journal. MacArthur was previously a senior foreign counsel and co-head...
Kirkland & Ellis, Ogier, Han Kun Law Offices, Wilson Sonsini, and Maples Group are acting on the online trading platform Webull’s proposed USD7.3 billion merger with a blank-cheque firm in a SPAC listing on the Nasdaq. The merger with the...
The State Council published in full its revised Provisions on Thresholds for the Filing of Concentrations of Undertakings on 26 January 2024, and the standards came into force on the same day. Under the revised turnover filing provisions, transactions that...
Allens has steered Paine Schwartz Partners (PSP) and a consortium – Driscoll’s and British Columbia Investment Management Corporation – towards a USD2.459 billion acquisition of Australia’s Costa Group Holdings. King & Wood Mallesons (KWM) has acted for Costa on all...
Hylands Law Firm and Woo Kwan Lee & Lo (WKLL) have set up an associate powerhouse in the Qianhai Free Trade Zone in Shenzhen known as Hylandslaw-WKLL (Qianhai) Law Firm. Hylands said this association would not only assist Chinese clients...
Mark Mangan, former head of international arbitration at Dechert Asia, bids adieu to the multinational firm to serve as a managing partner at Lindsay Francis & Mangan, an emerging disputes boutique in Singapore. Mangan joined Dechert in 2015 as an...
State-owned Sinopharm is leading a consortium making a HKD15.6 billion (USD2 billion) take-private offer to China Traditional Chinese Medicine Holdings (China-TMC). If successful, the deal will be the largest privatisation for a Hong Kong-listed company since Haier Electronics’ HKD43.5 billion...
Bangkok-based boutique law firm Silk Legal has unveiled its new office in the Dubai International Financial Centre (DIFC) to expand its digital asset practice. Jason Corbett, the firm’s managing partner, said: “Silk Legal has recognised a burgeoning opportunity to expand...
AI in Real Estate

Obstacles and opportunities in real estate AI

By Ashoo Gupta, Shardul Amarchand Mangaldas & Co
Generative artificial intelligence (AI) means sophisticated algorithms enabling computers to create content using existing data, such as text, audio files and images. In the dynamic real estate sector, integrating AI offers significant opportunities alongside inherent risks. Despite the industry’s...

Franchising in India: An opportunity for Korean business

By Rajat Prakash, Siddharth Mahajan, and Vishwas Chitwar, Athena Legal
Franchising as a business strategy provides attractive opportunities for foreign companies looking to expand their businesses in India’s thriving markets. The Indian franchise market is expected to reach USD140 to 150 billion during the coming five years. There are...
Automotive Industry IP Trends

IP strategies in the auto sector

By Pravin Anand and Safir Anand, Anand and Anand
The automobile industry is one of the fastest growing economic sectors, and from a legal standpoint several increasingly popular trends can be seen, write Pravin Anand and Safir Anand. One of the primary strategies the authors have come across in...
commodity trading legal challengesvideo

The lawyers that keep our lights on

By Ian Teo, Helmsman LLC
Flick on a light switch and the result is instantaneous. But behind this seemingly simple outcome lies a vast and complex chain of innovation, enterprise, investment and negotiation. Exploration for resources such as oil and gas is a high-risk, multi-year...
Yoon & Yang has further bolstered the firm’s construction and labour advisory capabilities with the hiring of Samsung Electronics Service’s general counsel Sam Park, and Daewoo Engineering & Construction’s head of legal Jae Woo Jeon as partners. Myung Soo Lee,...
Korea Law Firm Awards

Korea Law Firm Awards

Asia Business Law Journal names the country's top law firms. Lim Miran and Chandu Gopalakrishnan report Total revenue for South Korea’s legal services industry is expected to increase to about USD8 billion by the end of 2024, despite the central...
DaHui Lawyers hires Shanghai-based partner Kevin Liu to strengthen its capital markets practice. Liu, who practised at Fangda Partners, specialises in capital markets, mergers and acquisitions, private equity and general corporate matters, particularly in the manufacturing, healthcare, semiconductor and new...
The Ministry of Corporate Affairs (MCA) has introduced a new policy that requires regulators to conduct pre-legislative consultations and a full review of existing rules and regulations. The policy aims to increase transparency, engagement with stakeholders, and efficiency in the...
data privacy laws analysis

Keeping watch on Data Privacy

A comparison of laws governing technology and individual rights in Thailand, Japan and the Philippines JAPAN PHILIPPINES THAILAND JAPAN This article introduces the regulations of Japan’s Act on the Protection of Personal Information (APPI) to which foreign business entities including controllers and processors (“foreign...
Defence against securities misrepresentation claims

Defending top execs against securities misrepresentation claims

By Li Wenting and Zhou Rui, Hylands Law Firm 
Information disclosure is the cornerstone of the securities market’s existence and development, and an important safeguard for investor interests. Securities misrepresentation is a violation of this obligation of information disclosure, which damages the right of investors to obtain true...
Hunton Andrews Kurth is giving its international capabilities a boost with the hiring of partners Nelson Ahn and Edward Kim. John Schneider, co-head of the business finance practice group at Hunton Andrews, said: “Inbound investment from South Korean companies in...
The Competition Commission of India (CCI) has proposed a set of draft penalty regulations in response to recent amendments to the country’s competition law. Under these proposed regulations, indirect taxes, trade discounts and intra-group sales would be excluded when calculating...
Alternative investment funds (AIFs) have come under regulatory scrutiny with the capital market watchdog being the latest to voice concerns. The Securities and Exchange Board of India (SEBI) published a consultation paper in mid-January outlining proposals to enhance trust and...
The Central Board of Direct Taxes (CBDT) has provided clear guidelines on when e-retailers using the government’s Open Network for Digital Commerce (ONDC) should adopt tax deducted at source (TDS). E-retailers trading on the ONDC are required to deduct 1%...
India’s antitrust watchdog has introduced filing fees for miscellaneous applications related to antitrust proceedings in a major effort to discourage frivolous cases. The filing fee varies from INR500 (USD6.25) to INR5,000 based on the applicant’s category, and is expected to...
Amid transformation of the financial services industry due to technological advancements, fintech firms have emerged as both disruptors and facilitators. Playing a crucial role in redefining the financial services landscape, fintech is also raising concerns regarding customer protection, data...
Gibson, Dunn & Crutcher has hired Jocelyn Williams as an of counsel to join its litigation, global financial regulatory, and white collar defence and investigations practice groups in Hong Kong. Sebastien Evrard, partner in charge at Gibson Dunn Hong Kong,...
In a bid to bring more transparency and stability to the short-term debt market, the Reserve Bank of India (RBI) has issued new guidelines governing commercial papers (CPs) and non-convertible debentures (NCDs) with maturities up to one year, effective...
The International Financial Services Centre Authority (IFSCA) at Gujarat International Finance Tec-City (GIFT City) has established an expert committee to drive development of real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). The committee, chaired by Ananta Barua, a...
Haiwen & Partners has hired another Zhao Sheng Law Firm partner, Benran Huang, following the recent addition of Eric Liu, formerly the managing partner at the Linklaters’ China joint operation. Private equity and M&A specialist Huang joins Haiwen in the...
White & Case has strengthened its global real estate and M&A offering with the hire of new partner John Cahill from Paul Hastings, where he was a partner and the head of the real estate finance practice group. “John is...
LG Chem, the largest chemical company in Korea, has emerged as the first Korean enterprise to transform its legal solutions with AI by adopting Luminance Corporate. With 50,000 patents, 20,000 employees and 58 locations worldwide, LG Chem faces the challenge...
Specialist David Clinch joins multinational law firm Pinsent Masons MPillay as a partner in a boost for its corporate team in Singapore. “Pinsent Masons MPillay already has a very strong focus on the energy and infrastructure sectors, which is at...

Hong Kong voluntary code for data provider ESG rating

By Rossana Chu, Yang & Yang Solicitors
The Securities and Futures Commission of Hong Kong (SFC) is sponsoring the International Capital Market Association (ICMA) to form a working group tasked to develop a voluntary code of conduct for environmental, social and governance (ESG) rating and data...
TMI Associates, one of Japan’s largest law firms, has advised 65-year-old Japanese outdoor goods maker Snow Peak on a JPY34 billion (USD226 million) tender offer from Bain Capital in a management buyout (MBO) to take the company private. This comes...
DLA Piper has added Brian Youn as a partner in Seoul to fortify its presence in Asia’s finance, projects and restructuring (FPR) practice. Colin Wilson, FPR head at DLA Piper, said: “Strengthening our FPR bench in Asia has been a...
Exploring capital market trends and regulations

Bulls, bears and big moves

What trends are being observed in the region’s capital market strongholds, and what regulations are helping drive them? HUNDREDS OF CHINESE COMPANIES STEP TOWARDS US LISTING DIZZY HEIGHTS OF SPIN-OFF SUCCESS Hundreds of Chinese companies step towards US listing The China Securities Regulatory...
Chinese companies step towards US listing

Hundreds of Chinese companies step towards US listing

By Wang Xianzhong, W&H Law Firm
HUNDREDS OF CHINESE COMPANIES STEP TOWARDS US LISTING DIZZY HEIGHTS OF SPIN-OFF SUCCESS The China Securities Regulatory Commission’s Trial Administrative Measures for Overseas Securities Offering and Listing by Domestic Companies came into force on 31 March 2023, together with the supporting...
Heights of spin-off success

Dizzy heights of spin-off success

By Stephen Luo and Stella Yeung, Jingtian & Gongcheng
HUNDREDS OF CHINESE COMPANIES STEP TOWARDS US LISTING DIZZY HEIGHTS OF SPIN-OFF SUCCESS A spin-off usually refers to the separation of one or more business segments from an existing listed company, aiming to effect an independent listing of the separated segments,...
Mukul Shastry details how state and central governments can plug the legal and regulatory gaps holding back the infrastructure sector Human civilisation has been in existence for at least 5,000 years. During much of those five millennia the Indian subcontinent...
Shin & Kim has bolstered its bankruptcy and insolvency as well as taxation advisory capability with the duo hire of new partners Dong-kyu Kim and Hun-tae Doh, who joined the Seoul-based firm on 19 February. Commenting on the addition of...
The Supreme Court recently held, in Lombardi Engineering Limited v Uttarakhand Jal Vidyut Nigam Limited, that any arbitration clause inconsistent with the constitution is invalid. The court also held that it can determine if any arbitration clause is manifestly...
Simmons & Simmons has boosted its dispute resolution capability in Singapore with the hire of disputes partner Terence Seah from Stephenson Harwood's Singapore alliance firm Virtus Law, where he was a partner. Seah will be joined by Simmons & Simmons’...
Asia Business Law Journal names the top law firms in the Philippines. Lim Miran and Emeli Zuño report The Philippines remains one of the more competitive nations in the East Asia region, regularly recording solid consumer demand, a stable labour...
RBI on SRO

RBI may be learning to trust SROs

By Sawant Singh and Aditya Bhargava, Phoenix Legal
It is a truism that regulation often trails the market. This is partly because the distance from the market means that regulators may be disconnected from what is happening in the market. While regulators are expected to be in...
In the recent case of Sanjay Suganchand Kasliwal v Golden Dreams Buildcon Pvt Ltd and Ors, the appellant appealed to the Bombay High Court against the refusal of the civil court to hear the case. The lower court held...
The Supreme Court recently held, in Ramkrishna Forgings Limited v Ravindra Loonkar, Resolution Professional of ACIL Limited and Anr, that when the National Company Law Tribunal (NCLT) invoked section 31(2) of the Insolvency and Bankruptcy Code, 2016 (IBC), not...
ARMA Law, an Indonesian firm, has announced a non-exclusive alliance with one of the big six in South Korea, Shin & Kim, that will aim to deliver tailored solutions for their clients. Merari Sabati, a partner at ARMA, said: “The...
Clifford Chance and White & Case (W&C) have steered CVC Capital Partners, a global private equity firm, in its acquisition of Japanese pharmacy operator Sogo Medical Group for USD1.2 billion. Michihiro Nishi, Tokyo partner at Clifford Chance, led the team’s...
Simmons & Simmons has expanded its funds practice in Hong Kong with the hiring of Jeffrey Friedenberg from US-based global alternative investment firm Angelo Gordon as head of private funds. “Jeffrey’s extensive experience in the asset management and investment funds...
India Business Law Journal is requesting nominations for the 2024 Indian Law Firm Awards, the results of which will be announced in April. CLICK HERE to make your nominations now. The deadline for making nominations is 22 MARCH 2024. We are requesting nominations...
Role Legal Director, Employment (10+ yrs PQE) - 17110/VTA Location Beijing or Shanghai, China Job Description Our client, a top Fortune 500 corporation, is seeking an experienced Employment Legal Director to join their China office. In this role, you will collaborate closely with legal,...
Role Senior Legal Counsel - 17112/VTA Location Singapore Job Description Our client, a Nasdaq-listed enterprise software company, seeks an experienced Senior Legal Counsel. Based in Singapore and reporting directly to the General Counsel, you will play a vital role within the International Legal Team,...

Shuffling the deck

Bleak prospects have dealt a challenging hand of enhanced regulation to players in China’s private equity market, adding a wildcard of China/US decoupling and giving the industry a thorough shuffle. But with or without foreign funds, the game must...
Dhaval Vussonji & Associates (DVA) has acted as the principal transaction counsel for India-based RBL Bank’s USD9.35 million loan to Ripley Prosperity, a company incorporated in Dubai. The funds are earmarked for the strategic acquisition of a bulk cargo vessel...
Drug pricing and reimbursement top the agenda in South Korea, while Japan is exploring the impact of digital technology on medical information. JAPAN KOREA JAPAN Healthcare technology is attracting significant attention in Japan, and the market size of the Japanese healthcare industry is...

A comparison of healthtech regulatory issues in North Asia: Japan

By Koji Sugimura, Mitsukuni Terada and Takuya Izumi, SUGIMURA & Partners
JAPAN KOREA Healthcare technology is attracting significant attention in Japan, and the market size of the Japanese healthcare industry is expected to continue to grow. According to a report by the Ministry of Economy, Trade and Industry, the healthcare industry’s value is...
healthtech regulatory issues korea

A comparison of healthtech regulatory issues in North Asia: Korea

By Sung-Tae Kim, Hyun Wook Kim, Youngsik Byun and Minyoung Park, Shin & Kim
JAPAN KOREA South Korea’s medical security system comprises mandatory health insurance and medical benefits. More than 97% of the population is covered by the National Health Insurance (NHI) system, while the remaining 3% receives medical benefits through public assistance for low-income...
Dhaval Vussonji & Associates opens a new office in GIFT City, Gujarat, to expand its footprint in India’s western regions. Managing partners Dhaval Vussonji and Prachi Dave will lead the team. The firm has more than 60 lawyers across Mumbai, Bengaluru,...
DFDL, a firm specialising in tax and legal services in Southeast and South Asia, has made a significant expansion of its transfer pricing services with the integration of 11 members from IC Advisors in Singapore. Jack Sheehan, partner and head...
Four firms have advised on Amer Sports’s USD1.37 billion IPO on the NYSE in the largest listing by a Chinese-owned company in the US since ride-hailing app DiDi’s offering in 2021. The Davis Polk team, acting as US counsel to...
Indian Law Partners (ILP) has counselled Kashmir-based horticultural tech enterprise Qul Fruitwall on an injection of INR600 million (USD7.22 million) from foreign institutional investors in a first for the region. In a significant milestone, Qul is the first private sector...
JunHe and Hai Run Law Firm have strengthened their presence in northwestern China through their new branches in Xi’an, the capital city of Shaanxi province. JunHe’s website shows Lin Zhijun, who joined the firm in 2022 from King & Wood...
Wintell & Co has opened its Beijing office, making a significant addition to its nationwide expansion plans. Chi Rida, co-chair of the firm’s management committee, said the opening of the Beijing office represented a crucial milestone in Wintell’s journey towards...
Renesas Electronics, a Japanese advanced semiconductor solutions supplier, is set to acquire US electronics design systems company Altium for AUD9.1 billion (USD5.9 billion).     Tokyo Stock Exchange-listed Renesas – advised by DLA Piper, Covington & Burling and Nagashima Ohno & Tsunematsu...
Allen & Overy, Ashurst and Linklaters have advised on the Hong Kong government’s successful issue of HKD6 billion (USD767 million) in multi-currency digital green bonds in the second such issuance since February 2023. Linklaters advised the joint global co-ordinators, joint...
Loeb Smith names Ivy Wong as senior legal director for its corporate practice in Hong Kong, strengthening its services for clients in this sector. “What sets apart is its expertise in the virtual assets space that is both cutting...
SNG & Partners, established in 1962 and headquartered in India, has officially launched a dedicated Japan desk, underscoring its commitment to fostering ties between the two countries. Aside from fostering Indo-Japan bilateral relations, the move enhances SNG’s ability to deliver...
Vietnam’s-top-100-lawyers-2023

Vietnam’s top 100 lawyers

Asia Business Law Journal reveals the leading talent in Vietnam’s legal profession. Lim Miran and Nguyen Yen report. View the A-List Vietnam’s once strong economic growth hit a speed bump in 2023, slowing down to 5.05% from a robust 8.02% the...
Jacqueline Aikin has joined JCSS Law as a partner in its corporate and commercial practice in Pune. “Pune is evolving as a significant city in our country with increasing interests from domestic and foreign business players. JCSS Law is focused...
In-house counsel veteran Goviind Vijay has taken up a new role as senior vice-president, head of legal, at energy solutions provider Inox Wind. “Since Inox interfaces with a lot of private players and public sector undertakings, I see a lot...
Watson Farley & Williams has deepened its bench in Singapore with the addition of projects partner Merrick White, most recently a partner at McDermott Will & Emery.   White, who had practised as a partner at McDermott for close to...
Former senior prosecutor Sang Mook Kang has joined Yulchon as a partner, bolstering the firm’s dispute resolution practice and global white-collar defence team in Seoul. Yong Pyo Yeom, co-head of Yulchon’s dispute resolution practice, said: “Sang Mook is a highly...
Six law firms counsel on private investment equity management company Ascendent Capital Partners’ acquisition of China-based control system solutions provider Hollysys Automation Technologies for USD1.66 billion. Partners Miranda So and Lijun Yan led Davis Polk’s corporate team advising Hollysys, along...
Clifford Chance and the Indonesian affiliates of Allen & Overy and Herbert Smith Freehills, together with Indonesian law firm ABNR, have advised on global pension investor APG Asset Management’s (APG) USD2.75 billion co-investment in Indonesia’s first toll road investment...
Nishimura & Asahi and Mori Hamada & Matsumoto, two of Japan’s largest law firms, are advising on the country’s life insurance giant Dai-ichi Life Holdings’ JPY292 billion (USD2 billion) acquisition of Japanese employee benefits provider Benefit One from its...
Role APAC Legal Director, Employment - 17107/VTA Location Singapore Job Description Exciting opportunity for an experienced litigation attorney to join a top Fortune 500 corporation in Singapore. In this role, you will lead and conduct internal investigations into potential policy, law, and regulation violations...
Hughes-Castell

Legal Counsel – 17098/VTA

Role Legal Counsel - 17098/VTA Location Seoul, Korea Job Description Our client, a leading international high fashion brand, is looking to expand their legal team in Seoul, Korea due to exceptional business growth in the region. Reporting to the Head of Legal, you will...
Consumer protection disguised as tax provision

Repeal consumer protection disguised as tax provision

By Mukesh Butani, Shankey Agrawal, and Lopamudra Mahapatra, BMR Legal
The Goods and Services Act, 2017 (act), came into force accompanied by concerns whether businesses would pass on its tax benefits to consumers. Keeping its promises, the government introduced anti-profiteering measures against unfair profiteering. They were implemented as temporary...
Nishith Desai Associates (NDA) has introduced NaiDA, an in-house AI bot exclusively tailored for the firm’s legal team to efficiently deliver high-quality services. Extensive experience, thorough research, training and an innovative culture supports NaiDA’s capabilities. “The primary advantage is that we...
Stephenson Harwood has enhanced its Asia-Pacific corporate practice with the addition of Amy Yu as a partner in Hong Kong. Yu brings with her a wealth of experience in equity capital markets and M&A, further fortifying the firm’s presence in...
Nishimura & Asahi, Nagashima Ohno & Tsunematsu and Anderson Mori & Tomotsune, together with Nakamura, Tsunoda & Matsumoto, are advising on Japanese telecom giant KDDI Corp’s JPY496.5 billion (USD3.3 billion) tender offer bid for Lawson, one of the country’s...
Karthik Somasundaram has joined Spice Route Legal’s disputes practice as a partner based in the Mumbai office. Somasundaram has more than two decades of experience and is widely recognised for his proficiency in TMT, IP, energy, insolvency, regulatory and commercial...
India-born UK lawyer Ajit Mishra has been honoured with the Freedom of the City of London Award at Guildhall for his remarkable contributions to the legal and public spheres. Mishra is a corporate partner at British firm Knights, and the...
video

Ensuring liquidation preference to protect investor rights

By Parag Bhide and Mitali Kshatriya, Bharucha & Partners
Investment agreements generally include provisions for liquidation preference. Investors have the right to receive a specific amount before other shareholders on the occurrence of pre-defined liquidation events such as acquisitions, the merger and sale of substantial shareholdings or of...

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