Bollywood posters. Photo by JudaM (pixabay.com)

“A slow death”, as pandemic deals “climactic punch” to Mumbai cinemas

Single-screen theatres were struggling even before Covid appeared on the scene. As per the FICCI-EY report on India’s Media and Entertainment sector published in March, the revenue of single-screen theatres, down from 6,651 to 6,327 in numbers, fell from Rs 6,000 crore in 2018 to Rs 5,300 crore in 2019. “The decline was fuelled by the continuing shutdown of single screens, primarily in the Hindi heartland, as films continued to be created for upper class/ multiplex audiences,” it noted. The subsequent lockdown has come as the climactic punch. With cinemas…

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For sale sign on restaurant. Photo from Gulf News

Global pandemic: UAE’s restaurants start to close down

Dubai: Restaurant businesses in the UAE are starting to put up ‘For Sale’ signs, with their owners realizing there is no escape from the destruction set off by the COVID-19 pandemic. Licenses and even the equipment and furniture are being offered at steep discounts in hopes that someone out there will buy them. “It’s a situation where for many if they try to open, it would mean more cash bleeding and which they will never recover,” said an industry source. “Only government-owned locations have been given rent deferrals or rent-free…

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Nigerian law firm ranked in Legal 500 EMEA 2020

We are pleased to announce that Sefton Fross has been recognised in the just released 2020 edition of the Legal 500 EMEA rankings as a leading law firm in our Commercial, Corporate and M&A, Banking, Finance and Capital Markets, and Energy and Natural Resources practice areas. The Legal 500 EMEA guide provides researched coverage in 85 countries and over 2,700 ranked law firms with updated, impartial, third party opinion on the leading law firms and lawyers in countries across the regions. Sefton Fross was highly ranked as a Tier 2…

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