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J. Sagar Associates (JSA) assisted and advised on the Indian leg of the acquisition of KOKI TECHNIK Transmission Systems GmbH (KOKI) by AVICEM KOKI GmbH & Co. KG (AVIC).The global transaction involved acquisition of KOKI and its subsidiaries by AVIC, a subsidiary of the Chinese state-owned AVIC Group (Aviation Industry Corporation of China). The India leg involved AVIC’s acquisition of an indirect stake in Best KOKI Automotive Private Limited, a Joint Venture company of KOKI TECHNIK Transmission Systems GmbH and Best Auto Limited.KOKI supplies the automotive industry with seat mechanisms and components, complete metal structures for car seats as well as transmission parts.The JSA Team comprised Partner – Aashit Shah; Senior Associate – Ekta Tyagi, and Associates – Ushasi Das, Pallavi Banerjee & Megha Upadhyaya.AVIC was advised by Gleiss Lutz on aspects of German law, and by Jia Yuan Law Offices … [Read more...] about J. Sagar Associates advises Acquisition of KOKI TECHNIK Transmission Systems GmbH by AVIC

J. Sagar Associates (JSA) acted for GI Technology Private Limited (GITP) and its promoters, in relation to a primary investment by Wirecard Acquiring & Issuing GmbH in GITP.GITP is engaged in the business of payment systems and solutions, pre–paid payment instruments, third party payment gateways; technology based support and secure automated, two-way data transfer hosting solutions.The JSA team comprised Partner, Vikram Raghani; Senior Associates, Anand Lakra & Bir Bahadur S. Sachar; and Associate, Suren Sundaram.Wirecard was advised by BTG-Legal, India and Osborne Clarke. … [Read more...] about JSA assists GI Technology Private Limited in investment by Wirecard Acquiring & Issuing GmbH invests in GITP

Cyril Amarchand Mangaldas acted as the legal counsel to Schlemmer GmBH which entered into two business transfer agreements, one with Tubecraft and the other with Tubicor, both being partnership firms constituted under the (Indian) Partnership Act, 1932, for the purchase of their business of manufacturing and sale of plastic pipes, tubes, hoses and ancillary fittings thereto. The Business is being purchased for a collective amount of INR 123 million.Schlemmer GmBH shall be incorporating an Indian subsidiary for the acquisition of the Business and the rights and obligations of Schlemmer GmBH under the business transfer agreements shall be assigned to such Indian subsidiary.The Cyril Amarchand Mangaldas team which advised Schlemmer GmBH was led by Mumbai based corporate partners Vandana Shroff and Smruti Shah.DLA Piper was the international counsel to Schlemmer GmBH, with the documents being signed on October 21, 2015 and expected to close by end of March, 2016. … [Read more...] about Cyril Amarchand Mangaldas assists Schlemmer GmBH in acquisition of Tubecraft & Tubicor

Takeaway: Arguments in a petition directed to one challenged claim cannot lend support to a non-instituted challenge of another claim in a request for rehearing.In its Decision, the Board denied Petitioner’s Request for Rehearing of the Board’s denial of institution with respect to challenged claim 11. In particular, the Board was not persuaded that it had “overlooked or misapprehended Petitioner’s arguments because they were not presented in the Petition.”The Board reviews decisions on institution for an abuse of discretion. The party requesting rehearing “must identify the place in the record where it previously addressed each matter it submits for review.”Petitioner argued that the Board had overlooked or misapprehended arguments with respect to claim 11 based on certain arguments that were presented in the Petition related to claim 10. In this regard, Petitioner argued in its request that “the challenge to claim 10discussed … [Read more...] about Schrader v. Wasica Finance GMBH & Bluearc Finance AG: Denying Rehearing IPR2014-00476

Maple Bank GmbH (“Maple”) has operated in Frankfurt, Germany since 1994. The bank acted in the business areas of equity and fixed income trading, repos and securities lending, deposits, structured products and institutional sales. Maple has branches in Germany, Netherlands and Canada and subsidiaries in U.S., U.K. and the Cayman islands. It is part of the Maple Financial Group Inc., a privately held, global financial organisation based in Canada.The German Financial Supervisory Authority (“BaFin”) filed an insolvency petition against Maple, and the Frankfurt court opened insolvency proceedings on 11 February 2016. It appointed a preliminary insolvency administrator, Mr. Michale Frege who is now responsible for managing Maple’s insolvent affairs. Maple is a member of the German Deposit Protection Fund of the Association of German Banks (“fund”). On 12 February 2016, BaFin declared Maple an indemnification case, meaning that the German … [Read more...] about German Administrator of Maple Bank GmbH seeks Chapter 15 Recognition in US