Whether a “Sale of Shares” Amounts to a “Sale of an Undertaking”: Has the Conundrum Been Resolved?

[Bharat Vasani is Senior Advisor – Corporate Laws and Varun Kannan an Associate in the General Corporate Practice, both at the Mumbai office of Cyril Amarchand Mangaldas. An earlier version of this post was published on the Cyril Amarchand Mangaldas Blog] “What would constitute an ‘undertaking’ of a company” has been among the most hotly debated topics

... Continue Reading.

Personal Data Breach Notifications as UPSI(?): A Safe Haven for Insider Trading

[Fathima Rena Abdulla is a 3rd-year B.A., LL.B. (Hons.) student at NUALS, Kochi] Stock market responses to cybersecurity breaches have consistently triggered negative outcomes and, consequently, opportunistic insider trading. Through timely selling before public breach announcements, insiders employ various tactics, including buying put options, making profits, or avoiding losses from the disclosure. The Equifax data

... Continue Reading.

Clifford Chance Advised CVC Capital Partners on Acquisition of Sogo Medical Group from Polaris Capital

Clifford Chance Advised CVC Capital Partners on Acquisition of Sogo Medical Group from Polaris Capital The Luxembourg-based private equity and investment advisory firm has seven complementary strategies International law firm Clifford Chance has advised leading global private equity firm CVC Capital Partners on a 100 percent acquisition of Japanese pharmacy operator Sogo Medical Group Company

... Continue Reading.

SUPREME COURT QUASHES DEFAMATION CASE AGAINST THE ACCUSED AFTER HE WITHDREW HIS STATEMENT AGAINST GUJARATIS

SUPREME COURT QUASHES DEFAMATION CASE AGAINST THE ACCUSED AFTER HE WITHDREW HIS STATEMENT AGAINST GUJARATIS A two-Judge Bench of the Supreme Court comprising of Justice Abhay S. Oka and Justice Ujjal Bhuyan Judgment dated 13-02-2024 in the matter of Tejashwi Prasad Yadav vs. Hareshbhai Pranshankar Mehta, Transfer Petition (Crl.) No. 846 of 2023 and held

... Continue Reading.

Allahabad High Court: Under VAT, Revision Jurisdiction Limited To Issues Of Law, Jurisdictional Errors Or Procedural Irregularities

Allahabad High Court: Under VAT, Revision Jurisdiction Limited To Issues Of Law, Jurisdictional Errors Or Procedural Irregularities States the high courts must refrain from going into facts already decided by the tribunal The Allahabad High Court has held that the revision jurisdiction under Section 58 of the Uttar Pradesh Value Added Tax (VAT) Act, 2008

... Continue Reading.

Case Analysis: Leslie Ltd. v. Sheill, (1914) | Contractual Capacity of Minors

This case analysis explores the pivotal legal principles established in Leslie Ltd. v. Sheill and their broader implications in contractual relationships. Case Title: Leslie Ltd. v. Sheill Citation: (1914) 3 K.B.607 Introduction Contracts are written documents which act as the basis of many forms of relationships between parties involved, outlining each of their rights and

... Continue Reading.