Author: Legal 60

Carey Olsen Advised Sanctum On Launch Of AI-Powered Investment Fund In a move showcasing the intersection of finance and technology, Carey Olsen has played a pivotal role in advising investment services firm Sanctum FI LLP (Sanctum) on the launch of an Artificial Intelligence AI-powered investment fund. Sanctum, acting as the investment manager of Financial Science

Allahabad High Court: Moratorium Under Section 14 Of IBC Shields Corporate Debtor And Not Directors From Proceedings Under Sections 138/141 NI Act The Allahabad High Court has held that the moratorium provisions outlined in Section 14 of the Insolvency and Bankruptcy Code, 2016, specifically bar proceedings under Section 138/141 of the Negotiable Instruments Act solely

Chandrarupa Chatterjee, a distinguished alumna of the Faculty of Law, Delhi University, stands as a testament to the brilliance and dedication that define legal education. With an illustrious academic journey culminating in an LLM from WBNUJS, Kolkata, Chandrarupa brings a wealth of expertise and experience to her role as an Assistant Professor at the School

Akin Advised Thrive Freeze Dry In Acquisition Of Paradiesfrucht Akin advised Mubadala Capital and its portfolio company, Thrive Freeze Dry, a renowned manufacturer of freeze-dried products, in their agreement to acquire Paradiesfrucht GmbH (Paradise). Paradiesfrucht GmbH, a subsidiary of the esteemed Jahncke group founded in 1883, has established itself as a fifth-generation family-owned business and

Norton Rose Fulbright Advised International Banks On Refinancing 94 MW Pomerania Wind Farm Norton Rose Fulbright, a global law firm, has played a pivotal role in advising multiple international banks on the refinancing of a significant renewable energy project. The project in question is the 94 MW Pomerania Wind Farm, owned by Ignitis Renewables, an

Baker McKenzie Advised Sino Biopharmaceutical On Its Partnership With Boehringer Ingelheim Baker McKenzie has Advised Sino Biopharmaceutical Limited (Sino Biopharm) on its strategic collaboration with Boehringer Ingelheim, aimed at introducing Boehringer Ingelheim’s cutting-edge cancer therapies to the mainland China market. As per the partnership agreement, both firms will collaborate on the development and marketing of

In India, the Sale of Goods Act, 1930 came into effect on 1st July 1930. It tends to meticulously define terms like buyer, delivery, goods and specific goods. The Act covers various aspects such as the formation of contracts, conditions and warranties, transfer of ownership, and remedies for breach of contract. It is also closely

Unexplained Source Of Expenditure Attracts Provisions Of Section 69: ITAT However, citing exceptions, allows the assessee’s appeal and directs the assessing officer to delete the additions The Ahmedabad, Gujarat bench of the Income Tax Appellate Tribunal (ITAT) has ruled that actual expenditure, with unexplained source, attracts the provisions of Section 69 of the Income Tax

Delhi High Court: Insistence On Pre-Arbitral Steps Meaningless, If Respondent Fails To Respond To Petitioner’s Notices Dismisses the objection and appoints an arbitrator The Delhi High Court has held that pre-arbitral steps providing resolution of disputes through mutual talks or through ombudsman would lose its relevance if a party failed to respond to the notices

Karnataka High Court Rejects Petition Seeking Arbitration Proceedings Termination Imposes a penalty on the petitioner for delay tactics The Karnataka High Court has dismissed a writ petition seeking termination of arbitral proceedings under Section 29A of the Arbitration and Conciliation (A&C) Act. The bench comprising Justice SG Pandit and Justice CM Poonacha observed that even