Practice Areas

Follow us

SEBI issues Circular regarding Enhancement of Overseas Investment limits for Mutual Funds

SEBI has per Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/225 decided to enhance the investment limits for Mutual Funds. Now, Mutual Funds can make overseas investments subject to a maximum of US $ 600 million per Mutual Fund, within the overall industry limit of US $ 7 billion and they can further make investments in overseas Exchange Traded Fund ETFs subject to a maximum of US $ 200 million per Mutual Fund, within the overall industry limit of US $ 1 billion.

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.