Monthly archives: November, 2019

India accession brings ship recycling convention a step closer to entry into force

India, one of the world’s five major ship recycling countries, has acceded to the IMO Hong Kong Convention, the treaty that will set global standards for safe and environmentally-sound ship recycling.  India’s accession brings this important convention a significant step closer to entering into force, with the required 15 States now party to it and with India’s ship …

Indian Supreme Court approves ArcelorMittal’s acquisition of Essar Steel

18 November 2019 08:00 CET ArcelorMittal announces that, following receipt and review of the formal written order, ArcelorMittal India Private Limited’s (‘AMIPL’) resolution plan for Essar Steel India Limited (‘ESIL’) has been unconditionally approved by the Indian Supreme Court. Supreme Court approval of AMIPL’s resolution plan is the final procedural step in ESIL’s corporate insolvency …