US online retailer Amazon.com Inc has slapped a legal notice on Future Group, alleging that the retailer’s ₹24,713 crore asset sale to Reliance Industries violated an agreement with the e-commerce giant. “We...
Amazon takes on Future Group over deal with Reliance, sends legal notice
American e-commerce major Amazon has served a legal notice on the Future Group for striking a deal with Reliance Industries (RIL), citing its non-compete agreement with the Kishore Biyani-led chain. According to the...
Legal-tech startup Lawyered to raise Rs.7 crore in pre-series funding
Lawyers and legal education aggregating platform, Lawyered Friday said it is seeking to raise Rs. 7 crore in a pre-series funding from investors, days after it concluded an angel investment round. The startup is...
AirAsia may have to take legal route to exit India JV
AirAsia’s reported move to sell its 49% stake in its Indian venture will face legal hurdles as agencies probing corruption and money laundering charges against its founder Tony Fernandes and former brass of AirAsia...
Hutchison wins legal challenge to EU veto on O2 takeover
CK Hutchison Holdings Ltd has won a victory against an EU antitrust decision blocking its 10.3 billion pound ($12.6 billion) bid to buy O2 UK from Spain’s Telefonica in 2016. Thursday’s ruling by the Luxembourg-based...
Australian firms use legal clause to back out of M&A amid virus
Several Australian companies are reviewing or even terminating takeover deals by using a legal escape route because of the devastating impact of the coronavirus, a template that some lawyers expect to be replicated in...
JSW Steel’s $2.7-billion buy of Bhushan Power & Steel faces legal test
JSW Steel’s $2.7-billion purchase of a bankrupt steel mill is facing a fresh hurdle after a former chairman of Bhushan Power & Steel challenged the deal in the country’s top court. Sanjay Singal filed a petition on...
Thyssenkrupp-Kone elevator merger would trigger legal war – Schindler
Swiss elevator maker Schindler would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s lift division with rival Kone, board member Alfred Schindler told Reuters. His...
Sale of Philadelphia refinery nears; foes vow long legal fight
Opponents of Philadelphia Energy Solutions’ bankruptcy plan have vowed a long legal fight if a federal court this week approves a sale that would keep the largest East Coast oil refinery permanently shut while paying...
Vivendi may take further legal action against Mediaset in pan European merger
French media group Vivendi may take further legal action against Italy’s Mediaset if it continues with a plan to merge its Italian and Spanish units, Vivendi’s representative in Mediaset Espana Vincent Vallejo said on...
Germany’s Evonik wins U.S. legal fight to buy hydrogen peroxide maker PeroxyChem
A federal judge has ruled that Germany’s Evonik Industries AG’s (EVKn.DE) proposed purchase of rival U.S. hydrogen peroxide maker PeroxyChem Holding Company is legal under antitrust law. In a brief order issued late...
Hinduja group still keen on buying Jet if protected from its legal liabilities
The Hinduja group is still open to acquiring defunct Jet Airways (India) Ltd if the conglomerate is indemnified from the airline’s legal liabilities. “The reason we took interest was because government authorities...