Month: February 2024

CRITICAL EVOLUTION OF SERIOUS FRAUD INVESTIGATION OFFICE’S POWERS VIS-À-VIS WHITE-COLLAR CRIMES INVESTIGATIONS IN INDIA The SFIO comprises of experts ranging in auditing, accountancy, information technology, etc, equipped for the investigation and prosecution of white-collar crimes Introduction The Serious Fraud Investigation Office (‘SFIO’) is a specialised body established under the aegis of the Ministry of Corporate

               While clearly drawing the red lines for the maximum sentence that a Magistrate can impose for non-payment of maintenance, we see that the Bombay High Court in a most learned, laudable, landmark and latest judgment titled Vikram Ramesh Rughani vs The State of Maharashtra & Anr in Writ

“LOOK EAST” FOR CRYPTO-ASSET REGULATION: SOME DEVELOPMENTS IN JAPAN, HONG KONG, DUBAI AND SINGAPORE Winston Churchill had once spoken about the land looking bright westward but as India moves forward, it will be important above all to “Look East”. The year 2023 was an eventful year for the crypto industry. In US, there was a

KKR Acquires Broadcom’s End-User Computing Division with Legal Support from Simpson Thacher Global law firm Simpson Thacher & Bartlett LLP is representing funds managed by KKR in their acquisition of Broadcom Inc.’s End-User Computing Division (EUC) for approximately $4 billion. The transaction, subject to regulatory approvals and customary closing conditions, is expected to be finalised

Former Supreme Court Judge Justice AM Khanwilkar to Head Lokpal as Chairperson Six other members have also been chosen to work for the anti-corruption authority The President of India Draupadi Murmu has appointed former Supreme Court judge Justice AM Khanwilkar as the new Chairperson of the Lokpal. The President’s office apprised about the appointment in

Khodeir & Partners expands into UAE; Ammar El Banna appointed as Managing Partner to Run Operations The expansion underscores the firm’s commitment to strengthen its brand and serve clients in the Middle East region With the establishment of a fully licensed office, Khodeir & Partners has announced its expansion in the United Arab Emirates (UAE).

Cyril Amarchand Mangaldas advised Swiss Parenterals in acquisition of its 70% Stake by Eris Lifesciences Limited Cyril Amarchand Mangaldas advised Swiss Parenterals Limited (“Swiss”) in acquisition of its 70% stake by Eris Lifesciences Limited (“Eris”) and its Promoter group. Eris, an Indian branded formulations company, for the expansion of its sterile injectables footprint acquired 51%

Shardul Amarchand Mangaldas advised 3Fate Technologies on its Pre-Series A fundraiser led by Jungle Ventures Shardul Amarchand Mangaldas & Co. advised 3Fate Technologies Private Limited on its Pre-Series A fundraise by Jungle Ventures IV VCC and its secondary transfer of securities from certain existing shareholders. The aggregate deal value is approximately USD 6.5 million and

                                   While ruling on a very significant legal point pertaining to the consensual relationship of the adolescents and so also regarding its implications under the POCSO Act, we see here quite clearly that the Karnataka High Court at Bengaluru

Veritas Legal represented Mirae Asset Venture Investments (India) in relation to its investment in Shadowfax Technologies Logistics service provider Shadowfax raised its Series E funding round, wherein it raised USD 100 million in investments. The latest round was spearheaded by TPG NewQuest, with contributions from existing investors such as Mirae Asset Venture Investments (India), Flipkart,