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John H Choi and Daeyong Baek of Shin & Kim examine antitrust enforcement practices in South Korea

Gönenc Gürkaynak of ELIG Attorneys-at-Law gives an update on rules on exchange of information between competing undertakings

Susan Ning, Ding Liang and Yin Ran Ran of King & Wood look at common antitrust issues in distribution agreements in China

Gianni Nunes de Araujo of GNA Advogados provides a detailed explanation of merger control in Brazil

Vladimir Dolzhikov and Aleksandr Titov of Ashgabat Consulting Team in Turkmenistan give a comprehensive overview of the country’s framework for foreign investment

Foreign direct investment is back on the agenda. Companies from rapidly developing countries are taking advantage of depressed prices in Europe and the US, jurisdictions such as India and China are buying natural resources and energy targets in Africa, south America and south-east Asia and western companies that have survived the crisis are looking abroad once more.

Rachel Mwanje Musoke and Rehema Nakirya of Masembe Makubuya Adriko Karugaba & Ssekatawa Advocates address some key questions for those considering investment in Uganda

The second annual India Awards, co-hosted by Euromoney Legal Media Group titles International Financial Law Review and Asialaw, took place at the ITC Grand Central Hotel in Mumbai on July 7. The large attendance suggested that a dedicated Indian law awards ceremony is an event that has been truly embraced by both the domestic and international legal professions

Most active legal advisers (private equity) – CY 10 (updated for Dec 31) Rank Firm name No. of Transactions Points Amount (US$M) 1 AZB & Partners 43 86 2354 2 ALMT Legal 19 38 n/a 2 Indus Law 19 38 n/a 3 DSK Legal 15 30 n/a 3 Tatva Legal 15 30 n/a 4 Amarchand & Mangaldas 13 26 1260 5 Trilegal 12 24 215 6 J Sagar Associates 11 22 597 6 Rajani Associates 11 22 n/a 7 Nishith Desai Associates 9 18 n/a 8 APJ-SLG 8 16 n/a 9 ARA Law 7 14 n/a 9 Klaw 7 14 n/a 10 Khaitan & Co 6 12 n/a 10 Luthra & Luthra 6 12 446 11 Gandhi Associates 4 8 n/a 11 Lexygen 4 8 505 11 Sand Hill Counsel 4 8 40 12 S&R Associates 2 4 n/a Source: Venture Intelligence Leading private equity lawyers Aliff Fazelbhoy

In July this year, a panel of secretaries of the Indian government approved a proposal permitting offshore multi-brand retailers to hold up to 51% in Indian companies in the retail sector. This development has been met with great cheer in the legal market. Though the proposal is set to go through several rounds of approval before being formalised, lawyers are excited for the opportunities this development might present.