Practice Areas

Follow us

RBI Press Release: 2020-2021/525 dated 22.10.2020

The Reserve Bank of India (RBI) announced that the central bank, on a review of the current liquidity and financial conditions, has decided to hold open market operations (OMO) purchase of Government securities to the tune of Rs. 20,000 Crores. The OMO Auction will be held on 29.10.2020.
The auction will be held on 29.10.2020 for an hour from 10:00 am to 11:00 am. The securities have been divided into four tranches, the earliest date of maturity of the said securities being 25.05.2025, and the latest being 28.08.2032.

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.