Merger ans Acquisitions

Is Knowledge a Defence To Breach in M&A Transactions?

  AN INTRODUCTION TO SANDBAGGING PROTECTIONS Sandbagging, a term borrowed from golf, is used in M&A parlance when a buyer seeks indemnity on a breach of a representation or warranty, in cases where the breach was known to the buyer, prior to closing the transaction.  What happens when a buyer is aware of a breach …

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SILRES Energy raises investment from US-based Fenice Group and South Lake LLC

SILRES Energy, a subsidiary of solar energy company SunEdison Infrastructure, raised USD 12.5 million from US-based Fenice Group and South Lake LLC, which will be followed by a restructuring exercise to separate the under construction C&I and rooftop solar business, and the EPC business into a newly formed joint venture. The Spice Route Legal team, …

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Competition Law Update: Green Channel Notification

CCI introduces a Green Channel Category Under the authority of the Competition Act, 2002 (“Act”), the Competition Commission of India (“CCI”) has brought into effect the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2019 (“Amendment”)[1] from 15th August 2019. It pertains to all mergers or …

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