Author: Legal 60

SEBI notice to former chief GN Bajpai in Rs.975 crore GB Global fraud The case has exposed one of the largest banking scams and raises concerns about oversight and integrity at the top level The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to its former Chairman, Ghyanendra Nath Bajpai, in

Uzbekistan broadens WIPO affiliation to push IP plan Launches several initiatives to modernize its national systems and enhance global presence Govplus Uzbekistan, the official e-visa portal of the Republic of Uzbekistan, is advancing its intellectual property (IP) agenda through an expanded partnership with the World Intellectual Property Organization (WIPO).. The collaboration aims to jointly develop

SEBI asserts dabba trading illegal; warns investors It urged people to trade only through registered brokers and recognized exchanges Reiterating the illegality of dabba trading, the Securities and Exchange Board of India (SEBI) has cautioned investors to remain vigilant and not deal with any entity offering illegal trading services. (In market parlance, dabba trading refers

Khaitan & Co advised Jupiter International Limited on investment by ValueQuest SCALE Fund Khaitan & Co advised Jupiter International Limited (“Jupiter”) and its promoters on a second investment of approximately INR 500 Crores in Jupiter, led by ValueQuest SCALE Fund (“ValueQuest”) along with other investors (collectively, the “Investors”), for a minority stake. This follows an

Khaitan & Co advised Kandhari Global Beverages on acquisition of Wave Beverages Khaitan & Co advised Kandhari Global Beverages Private Limited on its acquisition of Wave Beverages Private Limited for an approximate deal value of INR 1,000 crores. Wave Beverages is the licensed bottler of Coca-Cola for designated territories in Punjab and Haryana. The Khaitan

Khaitan & Co advised National Payments Corporation of India on acquisition of leasehold rights in Mumbai Khaitan & Co advised National Payments Corporation of India (NPCI) on the acquisition of leasehold rights for land admeasuring 1.5 acres in Bandra Kurla Complex (BKC), Mumbai from Mumbai Metropolitan Region Development Authority (MMRDA). The Firm advised NPCI on

Eversheds Sutherland advised on sale and reinvestment in The Alternative Parcels Company Eversheds Sutherland advised the shareholders of The Alternative Parcels Company (APC) on the sale of their shares and their reinvestment into a new ownership structure led by WS Holdco Limited, DBAY Advisors Limited, and other investors. This transaction marks a significant milestone for

Stephenson Harwood advised ABN AMRO Bank N.V. on US$50 million secured revolving credit facility to Star Bulk subsidiary Stephenson Harwood advised ABN AMRO Bank N.V. on a US$50 million secured revolving credit facility to a subsidiary of Star Bulk Carriers Corp. The facility, governed by English, Marshall Islands, and Liberian law, involved bespoke structuring and

Lakshmikumaran & Sridharan Elevates Sixteen Partners to Executive Partner Roles Lakshmikumaran & Sridharan Attorneys (LKS) has elevated sixteen of its partners to the position of Executive Partner, marking a significant milestone in the firm’s commitment to cultivating leadership from within and reinforcing its culture of legal excellence. This latest round of elevations underscores LKS’s dedication

[A big thanks to Daanish Naithani for his inputs in the post.] If you were following the Genetically Modified (GM) crops dilemma last year but failed to keep up over the past year, don’t worry. Fortunately (and unfortunately, when seen in the broader scope), you haven’t really missed much. In July last year, as covered