01.11.2012 - India: PE funds, realty firms in disputes over exits, corporate governance
Several private equity (PE) firms have initiated legal or arbitration proceedings against their real estate partners in India over corporate governance issues or delays that restrict the funds from selling their investments. New York-based AIG Global Real Estate recently sent a legal notice to Bangalore-based real estate company RMZ Corp. over their equal joint venture project in Hyderabad. AIG wants RMZ to sell its stake in the project as it has been unable to develop it the past few years...............................................Full Article: Source
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