[Umakanth Varottil is a Professor of Corporate Law at the National University of Singapore] The legal structure of a company carries inherent checks and balances. This is because certain corporate actors, usually the board of directors, make decisions that have an impact on company (which is a separate legal personality) and its other constituencies such as
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SpicyIP Tidbit: When The Twist Beats The Script: Supreme Court Quashes Section 63 Proceedings Against Kahaani 2 Director
In a significant ruling, the Supreme Court has quashed proceedings against Sujoy Ghosh in the Kahaani 2 dispute. Khushi Krishania writes on the Supreme Court order and explains how weak copyright infringement claims can spiral into unwarranted criminal proceedings. Khushi is a third-year B.Sc. LL.B. (Hons.) {Cybersecurity} student at the National Law Institute University, Bhopal,
... Continue Reading.Employee Not Liable for Employer’s Failure to Maintain PF Records: Bombay High Court
In a significant ruling reinforcing the protective nature of social welfare legislation, the Bombay High Court has held that an employee cannot be penalised for the employer’s failure to maintain or produce statutory provident fund records. The Court emphasised that pensionary benefits are earned rights and cannot be denied due to administrative lapses beyond the
... Continue Reading.Trilegal Advised MEMG Group On Manipal Health Enterprises’ Proposed IPO
Trilegal advised MEMG Group on Manipal Health Enterprises’ proposed IPO The leading law firm in India, Trilegal advised the MEMG Group, including Dr. Ranjan Ramdas Pai, Manipal Global Health Services, MEMG International Ltd (promoters), and Manipal Education and Medical Group India Private Limited (promoter group selling shareholder), on the proposed initial public offering of equity
... Continue Reading.Cyril Amarchand Mangaldas Acted In Relation To NHIT’s Fifth Fundraising Round Through Institutional Placement And Preferential Allotment
Cyril Amarchand Mangaldas acted in relation to NHIT’s fifth fundraising round through institutional placement and preferential allotment The leading law firm in India, Cyril Amarchand Mangaldas acted in relation to the fifth round of fundraising by National Highways Infra Trust (NHIT) through an institutional placement of units to eligible investors aggregating to ₹24,688.08 million, and
... Continue Reading.Goa Judicial Services Exam Mains 2017 Paper-I (Civil Law)
Candidates preparing for the Goa Judicial Services Examination should solve the Goa Judicial Services Mains Written Examination 2017 – Paper I (Civil Law) along with other previous years’ question papers before appearing for the Preliminary and Main stages. Practising authentic papers not only familiarises aspirants with the pattern and style of questions but also helps
... Continue Reading.Khaitan & Co Advised STEAG Power GmbH On Divestment Of STEAG Energy Services (India) To Bluspring Enterprises
Khaitan & Co advised STEAG Power GmbH on divestment of STEAG Energy Services (India) to Bluspring Enterprises The leading law firm in India, Khaitan & Co advised STEAG Power GmbH on the divestment of 100% of its stake in STEAG Energy Services (India) Private Limited to Bluspring Enterprises Limited. STEAG Energy Services (India) Private Limited
... Continue Reading.Khaitan & Co Advised Indorama Ventures On Acquisition Of Majority Control Of EPL Limited
Khaitan & Co advised Indorama Ventures on acquisition of majority control of EPL Limited The leading law firm in India, Khaitan & Co advised Indorama Ventures Public Company Limited on the acquisition of majority control of Blackstone-owned EPL Limited through the amalgamation of Indorama’s offshore packaging business with EPL India. The transaction resulted in an
... Continue Reading.Khaitan & Co Advised BRLMs On Manipal Health Enterprises’ Proposed IPO And DRHP Filing
Khaitan & Co advised BRLMs on Manipal Health Enterprises’ proposed IPO and DRHP filing The leading law firm in India, Khaitan & Co acted as legal counsel to the book running lead managers in connection with the draft red herring prospectus (DRHP) filed by Manipal Health Enterprises Limited for its proposed initial public offering. The
... Continue Reading.Reed Smith Expands Riyadh Corporate Practice With Team Hire From AlAmmar Law
Reed Smith Expands Riyadh Corporate Practice with Team Hire from AlAmmar Law The global law firm Reed Smith has announced the acquisition of a leading Saudi corporate team from AlAmmar Law, including Mohammed Alammar and Anmar Algharifi as Partners, along with Norah Alqasem as an Associate in its Riyadh office. The appointments significantly enhance the
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