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[The Viewpoint] Revisiting and Deciphering the Issue of Private Placement Vs. Issuance of Shares on Preferential Basis

The article explains the interplay and distinction between Section 42 and Section 62 of the Companies Act, 2013 with respect to issue of shares, convertible and non-convertible securities in the context of a start-up. ....

Private Placement , Debenture Rules , Securities Contract , Companies Act , Companies Prospectus And Allotment Of Securities Rules , Companies Share Capital And Debentures Rules , Issue Of Shares , Start Ups , Saga Legal ,

Eni revokes force majeure status on three exploration assets in Libya

Eni formalised with its Libyan counterpart NOC the revocation of force majeure status on exploration areas A and B (onshore), and C (offshore), where Eni is the operator with a 42.5% stake, along with BP, 42.5%, and the Libyan Investment Authority with 15%. Force Majeure, declared in 2014, was revoked following the completion by Eni of a Security Risk Assessment to assess the security conditions in the areas where the exploration programme will be carried out; this study yielded positive. ....

Donato Milanese , Mellitah Oil , Libyan Investment Authority , Security Risk Assessment , Force Majeure , Press Release Image , Press Release , Ews Release ,