AZB & Partners advised and assisted Gateway Partners in acquisition of significant minority stake in Mrs. Bectors Food Specialties Limited, for a total consideration in excess of USD 25 million.The AZB Team comprised of Partners, Sachin Mehta and Associates, Vinit Nalavadi and Avantika Gupta.Mrs Bector’s Food, founded by Rajni Bector in 1978, operates in both B2B and B2C packaged foods and bakery product segment with offerings such as biscuits and sauces. It was controlled by three siblings, Anoop, Akshay and Ajay Bector, with equal shareholding. As part of a 2013 family settlement, Anoop took charge of the biscuits and bakery unit, while Akshay now helms the condiments business. … [Read more...] about AZB assists Gateway Partners in acquisition of significant minority stake in Mrs. Bectors Food Specialties Limited
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Justin Bachman, Bloomberg Published 12:29 pm, Friday, April 20, 2018 NASA's goal of returning to the moon should see a major push in early 2019, when the agency awards its first contract for the lunar "Gateway" program. The Lunar Orbital Platform-Gateway is NASA's planned "staging" area intended for studies of the moon and the deep-space environment. Eventually, it will function as a way station for astronauts traveling to and from Mars. NASA's first spending for the platform will be for power and propulsion elements early next year, followed by habitation components, Associate Administrator William Gerstenmaier said Thursday at the Space Symposium conference in Colorado Springs, Colorado. They will probably be launched moonward, in that order, starting in 2022. The platform should be orbiting the moon in 2025, said Gerstenmaier, a 41-year NASA veteran who oversees human exploration and operations. It will carry a four-astronaut crew on 30-day missions, he said. The … [Read more...] about NASA lunar “Gateway” space station will soon begin construction
Although other partners of a dissolved Pittsburgh law firm were held personally liable for the balance due on the remainder of the five-year office lease, two former Titus & McConomy partners say they aren’t.That’s because they signed the lease on behalf of the law firm, not as individual partners, Thomas Arbogast and Thomas Wettach argued, convincing a majority of the Pennsylvania Superior Court panel of judges that heard the case. However, the Pennsylvania Supreme Court has agreed to hear arguments by the landlord, Trizechahn Gateway, that the panel got it wrong, explains the Legal Intelligencer.“Here the individual liability of Arbogast and Wettach arises not from the fact that they executed the master lease on behalf of the partnership, but from their separate juridical existence as general partners,” wrote Superior Court Judge Joan Orie Melvin in a dissent to the two-judge majority opinion. “These appellants, in other words, donned their … [Read more...] about Did Signing Lease for Pa. Law Firm Make 2 Partners Personally Liable?
Status: Upcoming/New FilingAcquirer: EQT Infrastructure III (Luxembourg)Acquired: Global Gateway South Terminal (U.S.)Value: Approx. US$875 millionIndustry: Infrastructure; Port ServicesOn June 30, 2017, CMA CGM, a French shipping group, “signed an agreement with EQT Infrastructure III, (“EQT Infrastructure”), and its partner P5 Infrastructure (“P5”), pursuant to which EQT Infrastructure will acquire a 90% interest in the Global Gateway South (“GGS”) terminal in Los Angeles (USA) for an enterprise value of USD 875 million.” (CMA CGM Press Release, CMA CGM Signs a Binding Agreement for the Sale of a 90% Equity Interest in Global Gateway South Terminal in Los Angeles (USA) for a Cash Consideration of $817m, July 3, 2017; EQT Infrastructure Press Release, EQT Infrastructure to Acquire Majority Interest in Global Gateway South Terminal in Port of Los Angeles, July 3, 2017.) EQT Infrastructure is … [Read more...] about Upcoming/New CFIUS Filing: EQT Infrastructure III and Global Gateway South Terminal
As both law students and law schools struggle to develop a game plan for a new reality in which legal work and what corporate clients are willing to pay for it has become something of a scarce commodity, an adjunct law professor at the University of Houston Law Center says he has found one key to the puzzle.His corporate compliance class actually prepares those who take it to find work in the field by providing them with job skills, writes teacher Ryan McConnell, a former federal prosecutor who is now a partner at Morgan Lewis & Bockius, in a Corporate Counsel article.Initially offered as a test class, the compliance course will now be a regular part of the law school’s curriculum.“One bright spot in the legal job market has been compliance,” McConnell writes, explaining that the class gives students the skills to clients develop a program for complying with statutory law and administrative regulations in any area of the law.“Corporate compliance has become … [Read more...] about Compliance class is a gateway to legal work for new law grads, teacher says