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SEBI Circular No. SEBI/HO/IMD/DF2/CIR/P/2020/175 dated 17.09.2020

SEBI on Thursday provided new rules for Investment Advisors in International Financial Centers. According to the rules, a new client will be eligible to avail either advisory or distribution services within the group or family of the investment advisor and this option has to be made available at the time of boarding. Existing clients will have to choose between distribution or advisory services, the regulator said.

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.