Khaitan advises RBL Bank on Amber River Coke debentures deal

Khaitan & Co advised RBL Bank Limited (as the Arranger) in relation to the issue of secured, listed, redeemable, taxable non-convertible debentures of $45m by Amba River Coke Limited, a subsidiary of JSW Steel Limited.

RBL Bank is one of India’s fastest growing private banks.

Manisha Shroff (Associate Partner), Krishnendu Sen (Senior Associate), Meenakshi Kurpad (Associate) and Ankit Chavan (Associate) represented the client on the transaction.

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Khaitan advises on MOIL share sale

Khaitan & Co acted as domestic legal counsel to the Government of India in relation to the offer for sale of equity shares of MOIL Ltd, representing 10% of its paid-up share capital, held by the President of India, acting through and represented by the Ministry of Steel, Government of India, through stock exchange mechanism for some $72m.

MOIL (formerly Manganese Ore India Ltd) is a mini-ratna state-owned manganese-ore mining company.

The core Khaitan team included Sharad Vaid (Partner) and Shilpi Jain (Counsel) who represented the client on the transaction. The deal team also included Sudhir Bassi (Executive Director) and Madhur Kohli (Associate Partner).

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Unigestion acquires Akina

Akina and Unigestion are to merge their private equity businesses to create a leading expert in global small and mid-market private equity, with $6bn in assets under management and 54 professionals in Geneva, Zurich, London, New York and Singapore.

Walder Wyss is advising Akina in this transaction.

The Walder Wyss team is led by partner Luc Defferrard (Corporate M&A) and includes partner Maurus Winzap (Tax), counsels Alexandre Both (Corporate M&A) and Janine Corti (Tax), associates André Kuhn (Corporate M&A), Anna Baldenbach von Bröchen (Corporate M&A) and Simona Müller (Corporate M&A).

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Credit Suisse launches Credit Suisse (Switzerland) with help from Walder Wyss

Credit Suisse (Switzerland) Ltd has been incorporated to be organised as a Swiss bank. It is a wholly owned subsidiary of Credit Suisse AG. The transfer of assets and liabilities according to Swiss merger law became effective on 20 November 2016. The transfer was aimed at evolving the structure of the Credit Suisse Group to meet the regulatory requirements for systematically important banks.

Walder Wyss advised Credit Suisse’s business units Commodity Trade Finance (CTF) and Private Banking (PB) in the transfer of certain Swiss and foreign law security agreements guaranteeing loans granted by the bank. It co-ordinated and streamlined the advice of 30 international law firms in connection with this and the requirements for the re-registration of security agreements in those jurisdictions.

The Walder Wyss team was led by Hubertus Hillerström (Managing Associate, Banking & Finance) and further included Julia Lehner (Associate, Banking & Finance), Fabian Glässer (Associate, Banking & Finance), Tervel Stoyanov (Associate, Banking & Finance) and Simona Müller (Associate, Banking & Finance).

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David Lawson in judicial review on fitness to practise and universities

Zahid & Ors v University of Manchester & Ors [2017]  EWHC 188 (Admin)

The High Court has given judgment on the right procedure for challenging decision making by universities about fitness to practise and other student disciplinary matters.

The case involved three student doctors whose courses were terminated following university hearings. The court decided that it was possible for the students to bring judicial review challenges against the university and that, generally, these should be stayed to allow a complaint to be determined by the Office of the Independent Adjudicator (OIA), the university ombudsman.

As well as deciding the proper procedure for students to use the case also raises important points of judicial review procedure. The court had to decide if the OIA was an alternative remedy (limiting or even precluding judicial review against the university) or if it was intended by Parliament as an additional route to redress or a form of ADR.

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Maravela strengthens tax advisory practice

Felix Tapai has been promoted to Tax Partner in charge with Maravela & Asociatii`s affiliated tax advisory practice.

Providing tax advisory services to firm`s clients since June 2014, Felix has proved to have remarkable personal and professional qualities that have made him a valuable member of the team. He has more than 15 years’ experience in the field and is certified by the Chamber of Tax Advisers.

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Carey Olsen contributes to Global Data Protection Guide

Carey Olsen has once again worked with global law firm DLA Piper on its annual edition of the Data Protection Laws of the World Handbook.

Introduced in 2012 it has become the go-to publication for businesses all over the world who want to understand the privacy and data protection laws and regulations within this increasingly vital, yet complex field of compliance. Experts from Carey Olsen, heavily involved in data protection developments offshore, were invited to contribute chapters covering the laws of the British Virgin Islands, Cayman Islands, Guernsey and Jersey.

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Deadlines – reduce volume on Outlook calendar: webinar

CompuLaw’s best practices webinars are intended to provide relevant and insightful information about CompuLaw functionality and best practices on how to leverage CompuLaw to help improve your business. During this month’s webinar you will learn about options to manage deadlines calendared in CompuLaw, reducing the volume on your timekeepers’ Outlook calendar.

Date: Thursday, March 2nd at 2PM ET / 11AM PT

For more:

http://www.aderant.com/webinars/

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Slaughter and May breaks mould with first ever London lateral hire

Slaughter and May has made its first ever lateral hire in London, taking on Herbert Smith Freehills (HSF) head of pensions Daniel Schaffer.

This is the first ever lateral addition for the firm in London and the second across its network, after hiring Morrison & Foerster’s (MoFo) co-head of China capital markets John Moore three years ago.

Prior to joining Slaughter and May, Schaffer worked at HSF for seven years as head of pensions.

Schaffer, who is joining the pensions team, has almost 20 years’ experience advising on all aspects of pensions law, with a particular focus on strategic advisory and transactional work.

Slaughter and May senior partner Steve Cooke said that the hire will “enhance” the firm’s service to existing corporate and trustee clients.

He said: “We are delighted to welcome Dan to the firm. He has an exceptional market reputation and experience in relation to both advisory and transactional work.”

Schaffer is joining the firm’s four partners in the London pensions practice, led by Jonathan Fenn.

A source close to the firm has said that it plans to continue to grow the 25-lawyer pensions and employment team organically.

Last year, the firm made up one partner to the pensions practice of a cohort of ten.

He was also a former chairman of the Association of Pension Lawyers’ International Committee and a member of the Association’s Legislative and Parliamentary Committee.

The hire follows a successful first quarter for the firm advising Tata Steel on the sale of its South Yorkshire steelworks business for £100m to Liberty House alongside Clyde & Co.

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DIMA merges with Insurance Ireland

Insurance Ireland and the Dublin International Insurance & Management Association (DIMA) have merged bringing together the two industry associations for the domestic and international insurance and reinsurance sectors.

DIMA was set up in 1990 to represent international insurance and reinsurance companies while Insurance Ireland is the voice of general, life and health coverage in Ireland.

Brexit, and the expected resulting swell in insurance activity in Ireland, has added credence to the need for a single industry body. The merged organisation will represent over 140 insurers, reinsurers and captives in the industry.

Both organisations have been keenly promoting Ireland as an international hub for insurance and reinsurance and these efforts will continue to be a priority.

William Fry acted on behalf of DIMA in the merger.

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