Elections, political tensions, accelerated regulation and shifting sands of opportunity are some of the factors influencing law firm movements in the region. Like never before, the turnstyle of firm exits and entries provides a pulse count of regional business, writes Brian Yap Law firms across Asia are experiencing differing challenges and opportunities in light of today’s events, which range from elections and regulatory changes to rising interest rates and US-China tensions. In China, while talk of exits by global law firms amid the country’s strained relations with the US has flooded mass ..read more

The Indian space sector has become a beacon of excellence and technological development, propelling India to the forefront of the global space business. During the past decade, the sector has seen tremendous growth, including the successful lunar landing of Chandrayaan-3, its cost-effective satellite manufacturing and the successful Mars mission on the first attempt. It has also put numerous foreign satellites into orbit. Rohit Jain Managing Partner Singhania & Co To further develop India’s potential, the government promulgated its Space Policy 2023, a comprehensive framework that aimed at ..read more

Cyril Amarchand Mangaldas has advised the National Asset Reconstruction Company Limited (NARCL) and the India Debt Resolution Company Limited (IDRCL) on the resolution plan for two non-banking financial companies (NBFCs) under insolvency proceedings. “This was one of the biggest deals for the NARCL and we were involved deeply with structuring and execution of the deal. The superb teams at the NARCL and IDRCL worked closely with us. In deals of this magnitude, technical analysis and stakeholder management are of foremost importance for the advisers. We were able to be practical and solution-ori ..read more

YNSS Law Offices has advised Great Rocksport, a Mahindra-backed company providing in-school adventure programmes, in successfully raising USD3 million from Brand Capital, the strategic investment arm of The Times of India. This transaction has significantly enhanced Rocksport’s valuation, which is now USD30 million. YNSS partner Nitu Agarwal led the transaction team with associates Chandrei Mitra and Misbah Merchant assisting. The funds raised will bolster marketing and brand-building endeavours aimed at showcasing its unique products to potential consumers. Rocksport is an adventure-based res ..read more

Aquilaw has advised OJB Herbals in an equity investment deal with First Bridge India Growth Fund, raising INR500 million (USD6 million). Managing partner Sucharita Basu and partner Suhana Islam Murshedd led the Aquilaw team, with the assistance of principal associate Subhasree Pani, and associates Anwesha S Mukherjee and Milind Anand. The investment comprises the purchase of series A compulsorily convertible preference shares in OJB, which is known for its Oshea Herbals and Louis Herbals brands. The company offers a diverse range of herbal skincare, haircare and body care products. The post Aq ..read more

Cyril Amarchand Mangaldas (CAM) has advised the National Asset Reconstruction Company Limited (NARCL) and the India Debt Resolution Company Limited (IDRCL) on the resolution plan for two non-banking financial companies (NBFCs) under insolvency proceedings. “This was one of the biggest deals for the NARCL and we were involved deeply with structuring and execution of the deal. The superb teams at the NARCL and IDRCL worked closely with us. In deals of this magnitude, technical analysis and stakeholder management are of foremost importance for the advisers. We were able to be practical and soluti ..read more

Delhi High Court appoints Kangan Roda, founding partner of illuminIP, as a senior panel counsel. “As I step into the role of senior panel counsel for the government of India for Delhi High Court, I am deeply committed to harnessing this opportunity to its fullest extent,” said Roda on her appointment. She added, “[I am] looking forward to the role with the highest standards of integrity, advocacy and service, ensuring that justice prevails and the interests of our society are staunchly defended.” Roda, who has been practising the law since 2014, leads her firm’s intellectual property and civil ..read more

Three law firms are counselling parties involved in Silver Pegasus Investment’s HKD8.79 billion (USD1.13 billion) take-private by way of a scheme of arrangement for Hong Kong-listed SciClone Pharmaceuticals. Silver Pegasus Investment comes under the GL Capital Group, an investment company founded by chairman Jeffrey Li. Kirkland & Ellis, led by partner Joey Chau, is advising GL Capital Group, with assistance from debt finance partner Jacqueline Zheng and Sean Zhang, and private investment funds partner Jennifer Feng. Partners Christine Xu and Tommy Tam at Clifford Chance is representing Sc ..read more

Allen & Overy has added Australian duo Ravi de Fonseka and Daniel Thompson as partners to boost the firm’s technology transactions practice. Thompson and Fonseka are experts in technology, telecommunications and intellectual property law. Fonseka has more than two decades of experience spanning Australia and the UK, while Thompson has 15 years of expertise. The pair cover areas including telecom networks, regulatory intricacies, digital transformations and IP rights. They have served a diverse clientele, ranging from industry giants to emerging startups, across an array of sectors includin ..read more

https://law.asia/wp-content/uploads/2024/04/Banning-false-environmental-claims-benefits-private-equity-Vandana-Pai.mp4 As consumer demand for environmentally friendly products and services increases and private equity investors look to invest responsibly, Indian businesses are keen to show off their environmental, social and governance (ESG) credentials. From preparing business decks to advertisements, companies are making aspirational and future-looking sustainability and environmental claims. On 15 February 2024, the Advertising Standards Council of India implemented guidelines (ASCI guideli ..read more