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Madras High Court Permits Private Educational Institutions To Collect Balance 35% Tuition Fee For Current Academic Year

Taking note of the scant possibility of reopening of schools for physical classes during this academic year, the Madras High Court on Wednesday permitted private educational institutions to collect 35% of the balance tuition fee for the academic year 2019-2020. In July, the High Court had allowed all unaided private institutions in the state of Tamil Nadu to collect 40% of the tuition fees as ‘advance fees’, based on the tuition fees for the academic year 2019-2020. At that time, it was directed that balance of 35% of the fees shall be collected within a period of two months from the date on which the institution is reopened and physical classes commence.

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.