Law firms
Law firms
Trilegal’s partnership has just voted to promote two of its counsel to its all-equity lockstep partnership, according to authoritative sources.
Corporate M&A
US-based fund manager, Global Infrastructure Partners (GIP) along with co-investors have announced the acquisition of Asia’s largest renewable energy firm, Equis Energy through a 100% cash deal, as reported earlier by VC Circle and The Economic Times. The deal is considered to be the the largest renewable energy generation acquisition in history and was completed on January 19, 2018.
Law firms
In a global partnership promotion round of 27 across 11 offices, India group member Sushil Jacob has been promoted to partner at international giant Linklaters, with effect from 1 May 2018.
Law firms
Sumeet Lall, who is the longest-surviving lateral partner hire at Clasis Law which under managing partner Vineet Aneja has lost its partnership several times over in the last years, has resigned, according to authoritative sources.
Law firms
Long-time ALMT Legal senior partner Hitesh Jain is set to leave the firm after 31 March of this year, taking his team of 28 fee-earners, including two salaried partners, with him.
Law firms
The nearly 7-year-old best friendship between Clyde & Co and Clasis Law is on the rocks, and due to not continue after 31 March of this year, according to multiple sources with knowledge of the development.
Law firms
The government said in Lok Sabha on 21 March that the “entry of foreign law firms... on basis of reciprocity is under consideration by Government”, as first reported by LiveLaw.
Corporate M&A
Canadian billionaire Prem Watsa-owned Fairfax India Holdings has entered into an agreement to acquire a 51% stake in Kerala-based Catholic Syrian Bank for an estimated Rs 1,200 crores ($186m) through a full equity infusion, as reported by The Economic Times and Mint. The deal, subject to shareholder and regulatory approvals, is expected to close in the first half of 2018, paving way for the first acquisition of an Indian bank by a foreign non-banking financial entity.
Law firms
In a Mumbai special court application to keep Nirav Modi company authorised signatories Kharat and Hemant Bhatt under extended judicial custody, the Central Bureau of Investigation (CBI) has relied on letters of undertaking (LOU), some of which it had obtained from the “Advocate’s firm of Nirav Modi Group” - a clear nod to Cyril Amarchand Mangaldas (CAM) - reported the Economic Times.
Law firms
Bharat Vasani, the former general counsel of Tata Sons, has joined Cyril Amarchand Mangaldas, according to a press release from the firm.
Law firms
HSA Advocates has promoted partners Harvinder Singh in Delhi and Nand Kishore in Mumbai to equity partner level.
Law firms
Bharucha & Partners Delhi partner Arjun Anand has joined Singhania & Partners on 12 March as a partner, according to a Singhania press release.