08 APRIL 2021 Top 10 Headlines | REUTERS Singapore Exchange Ltd is proposing introducing regulations to allow the listing of Special Purpose Acquisition Companies (SPACs) or blank cheque firms that have taken U.S. markets by storm.
“The feedback we have been receiving is that an Asian SPAC would be interesting because Asia is such a fertile ground not just for target companies but also for sponsors,” Tan Boon Gin, CEO of Singapore Exchange Regulation, told a news conference. Read More | | | | | | | | | | | | | | | | | | | | | | For more news, click here to visit the website |
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| Indian multinational conglomerate Adani Group has tapped PM Devaiah to be its new general counsel. Devaiah joins from Everstone Group, which has hired Pratibha Jain, a former partner at Nishith Desai Associates (NDA), to replace him. Full Article |
| Dentons plans to expand its network further in the ASEAN region this year by combining with a firm each in Thailand, Vietnam and the Philippines, according to recent comments made by Gerald Singham, the firm’s global vice-chair and ASEAN CEO. Full Article |
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| U.S. firm Perkins Coie has welcomed back Marcus Woo as a partner from Taiwanese mobile phone manufacture HTC Corporation, where he was vice president and general counsel. Initially based in New York, Woo will move to Taipei once registration formalities are completed. Full Article |
| M&A specialist Simone Reis and international tax expert Rajesh Simhan, who both left Nishith Desai Associates (NDA) after more than 12 years at the firm’s Mumbai office, have set up a boutique firm called Anagram Partners in Mumbai. Full Article |
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| Wong Chee Lin, who spent three decades at Malaysian law firm Skrine before a brief stint on the bench, has returned to the firm as a litigation partner in Kuala Lumpur Full Article |
| Following the collapse of commodities giants Agritrade International Pte Ltd (“Agritrade”) and Hin Leong Trading (“Hin Leong”), the fragility of the commodities market became painfully clear, with financiers, banks and traders alike scrambling to secure cargo amounting to millions in trade financing. Full Article |
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| Khaitan & Co has advised India’s Bank of Baroda on its 45-billion-rupee ($622 million) qualified institutional placement (QIP), with Trilegal and Squire Patton Boggs representing the bookrunning lead managers. Full Article |
| The Supreme Court of India (Court), recently on 26 March 2021, has delivered a breakthrough decision in the realm of Indian company law and corporate governance. The decision concerns one of the biggest corporate shareholder legal battles involving Tata Sons - the promoter of Tata companies and the Shapoorji Pallonji Group, which was extensively contested, both in terms of facts and law. However, this is not the reason why this decision assumes great significance. The decision attracts enormous attention since it explores every nook and corner of Section 241 & 242 of the Indian Companies Act, 2013 (2013 Act) and illuminates on various elementary concepts, in extraordinary precision. Full Article |
| AZB & Partners has counselled Indian software giant Wipro on its $1.45 billion acquisition of UK consultancy Capco. Full Article |
| Cyril Amarchand Mangaldas has advised Godrej Properties on its 37.5-billion-rupee ($518 million) qualified institutional placement (QIP), with Sidley Austin and Trilegal representing the bookrunning lead managers. Full Article |
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