CCI has approved POSCO India Processing Center’s acquisition of LX International Corporation's stake in POSCO-India Pune Processing Center, involved in steel processing and distribution.
Morgan Lewis expands its Asia real estate practice with the addition of Gerald Fujii and Naoki Ueyama as partners in the Tokyo office, enhancing its expertise in real estate transactions and investment finance.
Pinsent Masons Expands in the Middle East! 🚀 Marie Chowdhry rejoins as Partner in Financial Services, bringing expertise in fintech, compliance, open finance & AI. 💡 Exciting times for the Dubai office! 🇦🇪
The Gujarat High Court dismissed GOCA’s contempt plea against AMNSIL, calling it frivolous, and imposed ₹2,00,000 in exemplary costs. The Court also initiated suo motu contempt proceedings against GOCA's advocate.
Delhi High Court declares arbitration award invalid as the arbitrator was improperly appointed, violating the contractual mechanism. The court reaffirmed that an arbitrator must be appointed strictly as per contract terms, or the award is non-est and lacks jurisdiction.
The Delhi High Court has granted an interim injunction restraining the use of "NOVITAS" following a trademark infringement suit by Novartis, citing phonetic and visual similarity to its brand. The case will be heard further in July 2025.
Vijay Mallya has moved the Karnataka High Court to stay further debt recovery proceedings, claiming that banks have already recovered more than twice the ₹6,200 crores owed by Kingfisher Airlines. The court has issued notices to the involved banks and financial institutions.
The Bombay High Court will hear Skoda Volkswagen India's challenge to a $1.4 billion tax demand by Indian customs authorities on February 17, 2024. The dispute revolves around the misclassification of imports, with customs claiming Volkswagen paid lower duties by declaring nearly complete cars as individual parts.
Al Tamimi & Company advised Al Ahli Bank of Kuwait (DIFC Branch) on securing a landmark $1 billion syndicated term loan, marking the largest debt financing in the bank’s history.
SEBI has introduced new algorithmic trading rules for retail investors, requiring exchange approval, unique order tagging, and algorithm registration to enhance market transparency and investor protection. 📈 SEBI introduces new guidelines for algorithmic trading by retail investors, requiring exchange approval, unique order tagging, and registration for high-frequency algorithms to enhance transparency and investor protection.
