Stringent pandemic curbs, domestic economic headwinds, and tightening regulatory controls have put a dampener on mergers and acquisitions activity in China so far this year. And the leader of the world’s second-largest economy has hardly reassured market observers hoping for a robust revival for the remainder of 2022.

Dentons on Monday said it is launching a combination with Indian law firm Link Legal, giving the global law firm a domestic foothold in India's large but historically isolated legal market.

A historic peak in global mergers and acquisitions in the first half of 2018 has seen the energy and power sector retain its lead as the biggest contributor, with the value of deals increasing by 62 percent, Thomson Reuters data showed.