Month: February 2025

Les Echos-Le Parisien Desists Lawsuit Against Elon Musk’s X In 2024, certain publications approached the court requesting compensation for the unpaid-for content on the social media platform Louis Vuitton-Moët-Hennessy (LVMH)-owned newspaper group Les Echos-Le Parisien has decided not to join a lawsuit involving French media against Elon Musk’s X and will not sue the platform.

UniCredit Succeeds As London Court Of Appeal Overturns Order Against RusKhimAlyans The company had sued the lender in August 2023 after the latter refused to pay bank guarantees linked to the project Italian multinational banking group, UniCredit has won a bid in London’s Court of Appeal to overturn an injunction against Russian energy giant Gazprom’s

RBI Approves ARC’s Listing Plans To Access Funds They had sought the central bank’s intervention to improve their liquidity and net worth The Reserve Bank of India (RBI) has approved the proposal of asset reconstruction companies (ARCs), allowing them to raise equity capital. This opens an avenue for the distressed debt aggregators to access funds

Stephenson Harwood Advised Kexim On Sukuk Issuance International law firm Stephenson Harwood has advised on the first Shari’ah-compliant sukuk issuance in the context of a French tax lease financing for an LNG carrier. The French company leasing the vessel under a KEXIM-backed French tax lease financing (the ‘Issuer’) issued sukuk notes totaling $25 million (the

Thomson Reuters Wins Al Copyright ‘Ffair Use’ Ruling Against Ross Intelligence The decision marks the first in related litigations The US District Court for the District of Delaware has ruled that Ross Intelligence, a defunct legal research firm, violated the law by copying Thomson Reuters’ content to create an artificial intelligence (Al)-based legal platform. Thomson

Clyde & Co Strengthens Saudi Presence With Three New Partners Clyde & Co further expands dispute resolution and projects & construction offering in Saudi Arabia with three additional partner appointments. This includes two distinguished dispute resolution lawyers, Ahmed Alhudaithi and Sara Aalamri, along with the promotion of Nathaniel Horrocks-Burns, a specialist in projects and construction

[A big thanks to Swaraj and Praharsh for their inputs] On February 4, 2024, the Delhi High Court, in Incyte Holdings Corporation & Ors. v. Granules India Limited  (pdf), recorded a settlement in a patent dispute concerning Ruxolitinob, a drug used to manage myelofibrosis, a rare bone marrow disorder. The settlement was reached after Granules’

In a major policy shift, the University Grants Commission (UGC) has officially discontinued its Consortium for Academic and Research Ethics (CARE) list of approved journals. The decision, aimed at streamlining academic research publications, introduces a decentralized model where Higher Educational Institutions (HEIs) will have the authority to assess and recognize journals independently. The move comes

Supreme Court: Offence Under Section 276CC Of IT Act Committed Before Show-Cause Notice Is Compoundable As ‘First Offence’ In a significant ruling, the Supreme Court has set aside the Gujarat High Court’s decision, which upheld the Chief Commissioner of Income Tax, Vadodara’s (CIT) order rejecting an assessee’s application for compounding an offence under Section 276CC

Cyril Amarchand Mangaldas Advised Hampiðjan hf. On Acquisition Of 75.1% Stake In Kohinoor Ropes From Baheti Family Cyril Amarchand Mangaldas (“CAM”) advised Hampiðjan hf. (a company listed on the NASDAQ Iceland main market) on its proposed acquisition of a 75.1% stake in the Indian net and rope manufacturing company Kohinoor Ropes Pvt. Ltd. (“Kohinoor”) from