Category: Banking & Finance
Impact on India’s Financial Growth
The impact of the slowing global economic growth is slowly being felt in India now as the growth forecasts have slipped rather sharply in recent reports of global financial institutions. There are several circumstances which are weighing down the growth including tariffs, policy uncertainty, and financial […]
Tranche Investment — Structuring under Indian Exchange Control Regulation
INTRODUCTION The Indian startup ecosystem has grown from strength to strength in the past decade. Foreign investment has been a major catalyst in driving this growth. In 2019-23, Indian startups have raised $100 billion, with 15% of the said investment sourced by domestic investors and the […]
India’s Forex Reserves Swell
India’s foreign exchanges reserves saw a sharp increase to achieve the record for the highest peak till date. Global rating agencies are also looking favourably towards India’s economic growth forecasts. The Government’s procurement portal is also contributing to growth and revenue generation. Read More: India’s legal […]
Carey Olsen shortlisted for Chambers Asia-Pacific and Greater China Region Awards 2024
Carey Olsen has been named for the first time among the finalists for Offshore Law Firm of the Year at the Chambers Asia-Pacific and Greater China Region Awards 2024. The Awards recognise the pre-eminence of national and international law firms across the Asia-Pacific and Greater China region, […]
Carey Olsen advises Align Partners Capital Management on formation of latest fund
Carey Olsen Hong Kong has advised on the Cayman Islands legal and regulatory aspects of the formation of Align Partners Korea Fund, Align Partners Korea (Non-US) Feeder Fund and Align Partners Korea (US) Feeder Fund (together, the “Fund”). The Fund is sub-managed by Seoul-based Align Partners […]
CIE Legal advises Optimus Group on the landmark $44 million acquisition of Autocare
Leading commercial and automotive law firm CIE Legal is advising Optimus Group on the acquisition of LINX CCG’s Autocare business. In the landmark deal, Optimus will acquire 75,505 shares in Autocare – one of Australia’s largest integrated logistics providers – for $44 million. The sale is […]
The UAE Insurance Federal Decree No. 48 of November 2023. A Summary of the most significant changes
The United Arab Emirates (UAE) issued a new Federal Insurance Decree No. 48 (‘Decree No. 48 of 2023’) which was published in the UAE Official Gazette (Issue No. 762), the official periodical of laws and decrees issued by the UAE Federal Government, on October 31, 2023. […]
The Astana International Financial Centre: Pioneering Financial Excellence in Central Asia
Since its inception in 2018, the Astana International Financial Centre (AIFC) has, according to the Global Financial Centres Index, established itself as the leading international financial centre in the region. Its unique blend of innovation and investor-friendly legal frameworks paves the way for global investors by […]
Carey Olsen Singapore ranked Tier 1 for third consecutive year by The Legal 500
Carey Olsen features as one of only two offshore law firms in Singapore to be classed as Tier 1 for the third consecutive year in The Legal 500 2024 Asia Pacific Guide, with more Carey Olsen lawyers ranked in Singapore than any other offshore firm. Carey […]
Cross border corporate M&A and banking & finance practitioner in Vietnam and Malaysia. An interview with Tay Zi Li
Zi Li & Partners is a boutique law firm specialising in corporate, and banking and finance practice with particular expertise in M&A and fund-raising. Each transaction will be led by a partner with actual working experience in executing complex transactions in Malaysia and Vietnam.
India: Forging Ahead Across Borders
The Government of India has forged a financial relationship for wallet transactions with Singapore. It is a first for going beyond borders to simplify transactions. This is a landmark achievement and might be beneficial for residents of both countries. The Union Budget has proposed a series […]
Saraf and Partners advised Carlyle Group in pre-IPO transactions with RJ Corp, SBI MF and Novo Holdings
Saraf and Partners advised Carlyle Group in a pre-IPO transaction involving sale of its partial stake in Global Health Limited to a clutch of three investors namely (i) RJ Corp Limited; (ii) SBI Funds Management Limited; and (iii) Novo Holdings. Global Health Limited, which operates and […]
India: Economic Growth Further Slows Down
India’s economic growth has further slowed on global cues and disruptions as reflected in the reduced economic growth forecasts by global financial institutions. Concurrently, the Indian Rupee had almost a freefall against the dollar due to global factors such as the Russia-Ukraine conflict, soaring crude oil […]
DSK Legal welcomes 21 new partners and their teams
DSK Legal are delighted to announce that Mr. Bobby Chandhoke and Mr. Sudhir Sharma have joined DSK Legal together with 19 partners and their respective teams aggregating to 63 lawyers, after leaving L&L Partners where they had worked for several years. They bring a diverse range […]
Singapore publishes new financial guidelines to address business continuity
On 6 June 2022, following two rounds of consultations, the Monetary Authority of Singapore (MAS) published revised Guidelines on Business Continuity Management (BCM), updating the existing patchwork of primary and subsidiary legislation. This iteration of the guidelines (2022 Guidelines) introduces a slew of changes which are expected to […]
L and L Partners acted for Bank of Baroda for funding of working capital requirements of OLA Electric
L&L Partners recently advised Bank of Baroda in connection with the funding of working capital requirements of Ola Electric Technologies Private Limited aggregating up to INR 616.00 Crore for its green field project for manufacturing two-wheeler vehicles at Krishnagiri District, Tamil Nadu with an initial capacity […]
L and L Partners advised ICICI Bank Limited on a re-financing transaction in relation to Rajiv Chowk and Gurugram National Highway – 248A
The Firm advised and acted for ICICI Bank Limited (“ICICI”) in connection with financial assistance sanctioned to Rajiv Chowk-Sohna Highway Private Limited for the purpose of re-financing part of existing secured indebtedness of the borrower company availed in relation to six-laning and strengthening of NH-248A from existing km 2.740 (Rajiv […]
All About NFTs and Art. Universal Legal – LawWiser
Know all the Jazz about NFT and Art in #LawWiser‘s fireside chat. Watch the full feature on All about NFTs and Art with with renowned artist and sculptor @Arzan Khambatta and @Anuradha Chowdhary, Tech Lawyer, @Universal Legal. Read More: Helping lawyers achieve business development success. An interview […]
ONC TMT Influencer Joshua Chu Leaves for Group Chief Risk Officer Role at a Publicly Listed Blockchain Technology Company
ONC TMT litigator and legal influencer Joshua Chu is leaving the firm to join Coinllectibles™, the first publicly traded blockchain Fusion DOTs™ technology company on the US OTC Markets as the Group’s Chief Risk Officer. A Personal Brand For nearly three years, Joshua Chu has built […]
Singapore updates media and telecoms competition rules
To ensure that Singapore’s regulatory framework remains up to date with today’s ever- evolving technology and business landscape, the infocommunications and media regulator (IMDA) has issued a revised code of practice (the code) to govern fair competition and consumer protection in the broadcasting, newspaper and telecoms […]
Singapore announces sanctions against Russia
Singapore unveiled its sanctions against Russia on 5 March 2022. These focus on the control of exports of military and technological goods to Russia and financial measures against Russian banks, entities and activities. Authors: Hagen Rooke Leigh T. Hansson Calvin Chan Alexander Brandt Catriona Casha Michael J. Lowell Singapore Foreign Minister Vivian […]
“I believe that representation is the key to making change”. Andrea Ng, Magic Circle finance lawyer, on Diversity and Inclusion in legal services
Recently relocated to Singapore, Andrea Ng specializes in leveraged acquisition finance at Allen & Overy. In this interview with Asia Law Portal, she discusses the importance of Diversity & Inclusion in legal services from her perspective of working within a Magic Circle law firm during her time in London. She also discusses how […]
Asia Pacific M&A and Corporate Strategy amidst Global Market Dislocation
By Ken Koo, Managing Director at Citigroup and Deputy General Manager at Orient Securities Investment Banking Co.; with an introduction by Patrick Dransfield, Consultant at Asia Law Portal I first met Ken Koo when he delivered the Key Note Address at the ABA Section of International […]
Some law firms in Asia are now accepting virtual currency
As Wong Joon Ian has reported in The Business Times: “The future of money is built in Asia” — noting that in excess of $1.8 billion dollars in cryptocurrencies are traded on Asian exchanges ever day — representing almost 60% of the world’s daily crypto trade […]
Pros of sandbox regulation for fintech
With the development of the Fourth Industrial Revolution, the application of digital technologies for providing financial services has become the key driver in promoting financial inclusion. However, the industry’s growth will not only depend on investments, new technologies, or smartphone penetration, but will also require a […]
India: Will Corporate Tax Cut Revive Growth or Widen Fiscal Deficit
The mounting pressure of a sagging economy and sharp economic growth forecast reductions by global institutions, the Government of India announced significant tax relief to corporates. However, while this seemed to cheer the industry and may be a stimulus in the short term, experts have warned […]
Will discretion abide as long as the rules provide?
What you need to know about reopening a receiver’s fees after assessmentas confirmed in the novel case of Ho Chor Ming & Ors v Hong Kong ChiuChow Po Hing Buddhism Association Ltd [2018] 3 HKLRD 270 Introduction Shareholder disputes are commonplace. When a membership dispute arises, […]
Asian Infrastructure Investment Bank (AIIB) London bond issue solidifies the UK’s role in Asia’s development
The Asian Infrastructure Investment Bank (AIIB) raised 2.5 Billion (USD) from 90 bidders in 27 countries on a bond issue this week at the London Stock Exchange (LSE). As Global Capital described it: “The AIIB placed itself among the very top supranational names in the capital […]
Switchover to India’s Overhauled External Borrowing Regulations
The new year began with a big bang for start-ups in India. The Government of India announced a new strategy to support start-ups. A detailed action plan in this regard has been prepared by it. The Government has taken various measures to improve the ease of […]
Singapore poised to become the capital-raising hub for Myanmar companies
Singapore is poised to become a magnet for Myanmar companies seeking growth opportunities as they emerge from isolation and face challenges with their banking and financial systems. Lawyers and financial advisors who work closely with Myanmar firms say about “six to 10 companies are considering a […]