Legal 60

Preferential Issues, Use of Proceeds Discipline and the Limits of Ratification The Supreme Court of India in Securities and Exchange Board of India v. Terrascope Ventures Limited (2026 INSC 245) INTRODUCTION In Securities and Exchange Board of India v. Terrascope Ventures Limited (“Terrascope Judgement”), the Supreme Court of India (“Supreme Court”) held that the objects

DLA Piper Advised SEMCAP Food & Nutrition on Strategic Investment in Good Culture DLA Piper advised SEMCAP Food & Nutrition (SEMCAP) on its US$55 million investment in cultured dairy brand Good Culture. The investment strengthens SEMCAP’s presence in the dairy market, positioning it to work alongside L Catterton, a private equity firm that recently acquired

Trilegal advised book-running lead managers on INR 26,000 million QIP by Brookfield India Real Estate Trust The leading law firm in India, Trilegal advised the book-running lead managers, Kotak Mahindra Capital, Avendus Capital, and JM Financial, on the qualified institutions placement of 80,495,356 units by Brookfield India Real Estate Trust, aggregating to INR 26,000.00 million.

Herbert Smith Freehills Kramer promotes 25 to partnership The leading global law firm Herbert Smith Freehills Kramer has announced the promotion of 25 new partners, marking its first global partner promotion round since the launch of HSF Kramer in June 2025. The promotions will take effect from 1 May 2026. The newly promoted partners span

Sheppard Mullin Strengthens Leadership with New Appointments Across Offices The global law firm, Sheppard Mullin Richter & Hampton LLP has announced several key leadership appointments across the firm, reinforcing its commitment to strong, collaborative management and continued growth. The changes reflect the firm’s strategic focus on strengthening leadership across practice groups, industry teams, and offices.

DLA Piper Advised Fluid Life Shareholders on Strategic Divestiture to Battery Ventures DLA Piper advised the shareholders of Fluid Life, a leading provider of fluid analysis and reliability solutions, in the strategic divestiture of all issued and outstanding company shares to Battery Ventures, a global technology-focused investment firm. DLA Piper’s cross-border corporate and mergers and

A&O Shearman advised ASML on its strategic partnership with Mistral AI A&O Shearman advised leading semiconductor equipment manufacturer ASML Holding NV (ASML) on their strategic partnership with Mistral AI and their EUR1.3 billion investment in Mistral AI’s Series C funding round as lead investor. The A&O Shearman team was led by Anne-Caroline Payelle (Partner) and

Addleshaw Goddard appoints Shyamal Jeewoolall as Partner in Dubai The major international law firm, Addleshaw Goddard has appointed Shyamal Jeewoolall as Partner in its Dubai office, marking a key milestone in the firm’s continued expansion in the Middle East. His arrival also coincides with the launch of the firm’s Aviation Finance practice in the region.

No Urgent Relief, No Section 12A Exemption: Calcutta HC Upholds Revocation of Leave in Trademark Suit Introduction The Calcutta High Court has dismissed an appeal in a trademark infringement and passing off dispute between Unique Entrepreneurs and Finance Ltd. and Really Agritech Pvt. Ltd., upholding the revocation of leave granted under Section 12A of the

Cyril Amarchand Mangaldas advised Dhampur Bio Organics Limited on slump sale of its Meerganj Unit The leading law firm in India, Cyril Amarchand Mangaldas advised Dhampur Bio Organics Limited on the proposed slump sale of its Meerganj Unit, April 22, 2026, Mumbai. The transaction involves the transfer of its Meerganj Unit located in Uttar Pradesh