Amarchand’s legal team comprising Puja Sondhi (Partner), Ramanuj Gopalan (Principal Associate Designate) and Harshita Bhatnagar (Associate) advised Den Networks Limited on all aspects of the investment as well as on all regulatory and transactional aspects of the preferential allotment. The investors were advised by Jyoti Sagar (Mumbai) with Partners Akshay Chudasama, Vikram Raghani and Mithun V. together with Senior Associate Anuj Bhasme. The Hong Kong office of Herbert Smith Freehills acted as the international legal counsel for Goldman Sachs. The deal which is worth USD 110 million (approx. Rs. 600 crores), is not closed yet as the transaction is subject to customary closing conditions, including receipt of the necessary shareholder and regulatory approvals. … [Read more...] about Amarchand Leads Preferential Allotment of Shares of DEN Networks Limited to affiliates of Goldman Sachs Inc.
Nicole Cosme, an official with the Boy Scouts of America Denver Area Council sat down with Mayfield’s mother after the incident and offered Ames membership in other dens, she said, while releasing the following statement, “The Denver Area Council is evaluating this matter closely and will treat all parties with dignity and respect.” … [Read more...] about Cub Scout Kicked Out Of Den After Challenging GOP State Senator’s Racial Comments
Rule #98 was previously submitted to Public Inquiry #27 on April 8, 2015. According to ANVISA’s report on the public inquiry, the general feedback was that the new rule will have a positive impact on the market, especially with regards to increasing patient’s access to drugs and the recognition of pharmacists’ roles in healthcare. It is expected that Rule #98 will expand the number of OTC drugs in the Brazilian market, which will increase price competition and marketing efforts towards consumers, rather than physicians. … [Read more...] about Updates to the Brazilian Food and Drug Administration OTC Drug Guidelines
The costs of compliance with the Exchange Act regulatory scheme can be prohibitively expensive for issuers with smaller capitalizations and start-ups that have limited financial resources. The OTC Pink Market (also known as the Pink Sheets) offers another option for public trading for issuers that are not required to have a class of securities registered under the Exchange Act, as securities can be quoted on the Pink Sheets without being registered under the Exchange Act. The Pink Sheets can offer access to the public securities markets without subjecting the issuer to compliance with the disclosure and reporting obligations and corporate governance requirements under the Exchange Act and the Sarbanes-Oxley Act. … [Read more...] about Benefits of Quotation on the Over-The-Counter (OTC) Markets in lieu of Exchange Act Registration
Also on February 13, the OTC announced the publication of a new set of OTCQX Rules for US banks in connection with a new OTCQX banks marketplace that the OTC plans to launch in spring 2014. These rules establish the application, eligibility, disclosure and continued qualification requirements for US banks admitted to the OTCQX. … [Read more...] about OTC Markets Proposes Amendments to OTCQX Rules and New Rules for US Banks – Re: Over-the-counter Financial Trading Markets