Hufriz Wadia: Creating Dubai in ChennaiJuris Corp will open an office in Chennai next week after former Wadia Ghandy associate Hufriz Wadia, who is the sister of long-time Mumbai partner Hoshedar Wadia, joined the firm as partner two weeks ago.
She will focus on growing the firm’s banking, corporate, dispute resolution and real estate practice in Chennai, with a specialisation on Islamic finance.
She is currently based in Juris Corp's Mumbai office but will move to Chennai next week.
Wadia, who returned to India in December 2012 after five years of practicing Islamic banking as senior associate in Dubai law firm Al Tamimi & Co, said: “[The Reserve Bank of India] seems to be quite negative about [Islamic banks in India] , but they have only ruled it out with the banks, we’re quite hopeful for other institutions and I look forward to look at other options that are available. I've seen interest in a few prospective clients.”
She told Legally India that she would be the only partner of the firm, permanently based in Chennai, while co-founder H Jayesh and senior partner Mustafa Motiwala will shuttle between the two cities to build the new practice. The firm will begin recruiting associates for Chennai in a few months.
Dual-qualified in England and India, Wadia obtained her LLB from KC Law College Mumbai in 2002 and became a Bombay Incorporated Law Society solicitor in 2005. She joined Udwadia & Udeshi in 2005 after her articled clerkship there, then moving to Wadia Ghandy in January 2006, followed by her move to the Dubai law firm in October 2007.
She said she was part of Al Tamimi’s Asia team and focussed on India-related work, collaborating frequently with Jayesh and Motiwala.
According to a press release from Juris Corp, her experience spans multi-billion dollar securitisation and financing facilities by the government of Dubai, advising leading Indian banks on issuances of US commercial paper notes, regulatory advice and support to MNCs, cross border and local product offerings, setting up of a multinational wealth management company, licensing and registration requirements, opinions on FEMA, joint venture agreements, various corporate law issues, and corporate litigations in the High Court of Bombay and international arbitrations.
Jayesh said: “We wanted to strengthen our Islamic Finance practice and are delighted to have someone on board with rich and varied experience. An added bonus is that this will give us a presence in Chennai.”
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Before anybody attacks me, please read Tarek Fatah's analysis on Islamic Banking, where he had tried to open the mask of Bankers who exploit innocent people in the guise of religious and commercial practices.
There are ways to turn this into a legitimate news post by asking intelligent questions rather than simply taking a quote and printing the press release.
For instance, why does Jayesh think an Islamic finance associate will be an asset in Chennai? Is Ms. Wadia simply marrying someone in Chennai and hanging out the shingle out of convenience? What are Jayesh's intended sources of business? We would ask these questions of a startup. We certainly should ask them of an established niche firm.
Prachi's got to step up her game if we're to take her byline seriously. The English here is way too CBSE.
Howsa 'bout doing some reporting on where the heck the AIBE exam scores are six weeks after most everyone sat for the exam? That's a story idea for you.
All the best.
greetings,
property
Quoting Dazed and Confused:
You are absolutely right that the story could have revealed more. At the same time sometimes whether intelligent questions were asked or not is not necessarily reflected in the finished interview.
Thanks again for the feedback, appreciate the candour, we'll keep on trying to improve and deliver the best news possible.
Best wishes,
Prachi
All the very Best Hufriz.
Cheers!
As for people making predictions on Islamic finance associate being/not being an asset in Chennai? You all are just too negative here. I suggest all you prophets’ book a seat at Davos. As for those ___ making comments on Hufriz Wadia’s personal life, I think you people need to grow up, and do something productive with your time.
Dear Kian, LI must have a balanced reporting and report when partners leave as well as when partners join, however much Juris Corp tries to suppress information about key talented partners quitting
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