The markets are picking up it looks like – here’s the round-up of what firms have been getting up to.
16 of India’s hottest deals, cases: HUGE-SUPER-MEGA power FDI | Japan taps India again | Kolhapur toll busted | more...
Litigation, corporate, M&A, capital markets and private equity deals in brief from a cross-section of India’s top law firms.
Need to know: Madras HC collegium circus | Delhi judiciary needs | New Kerala judges | MMB Legal new partner | more...
Madras HC 12-judge-names appeal: The Madras HC through its registrar general will move the SC against its own division bench decision that had stayed the appointment of the 12 recommended Madras HC advocates as judges whose recommendations has courted controversy at the HC [TOI]
Madras HC advocates against opacity, subjectivity in judge selection: Madras High Court Advocates Association President RC Paul Kanagaraj says that in the absence of transparency in the collegium process the judges panel recommending names for judgeships is easily prone to favouritism. Kanagaraj is opposed by a faction of lawyers of the HC who feel that consulting bar associations is a process prone to subjectivity and not entirely fair [New Indian Express]
Delhi needs 100 more judges: Delhi law minister Somnath Bharti has advised the Delhi HC to recruit 100 judges for various courts in the capital [Business Standard]. Last year Legally India reported how the Delhi district judges recruitment machinery falls remarkably short of the need faced in the capital.
Delhi gets 47 new courts: Delhi HC chief justice NV Ramana today ordered setting up of 47 new courts in the capital. The new courts, which will come up in six district court complexes from January 15, will deal with heinous crimes, civil cases, and motor accident claims [PTI]
MMB Legal first partner: Wipro senior corporate counsel Sonal Basu joined former MMB Legal partner Talha Salaria’s Bangalore-based start-up L.A.W as a partner. Basu, who has had stints at JSA Bangalore and at Nokia, will focus on L.A.W’s Information Technology/ITeS and telecom practices [Bar & Bench]
3 new Kerala HC judges: Kerala high court additional judges, justices Babu Mathew P Joseph, Ambazhavelil Velayudhan Pillai Ramakrishna Pillai and Pannipuzhayil Divakaran Rajan have become permanent judges in that HC [Net Indian]
Karnataka Lokayukta on anti-corruption cell: Karnataka’s Lokayukta Justice Y Bhaskar Rao has written to Karnataka HC Chief Justice D H Waghela seeking intervention in helping the general public file complaints before the state’s anti-corruption cell with support from the Karnataka Legal Services Authority and legal volunteers under it in rural areas [TOI]
Slow special child abuse case disposal law: “More than a year after Parliament passed a special law to ensure the speedy disposal of cases of child abuse, just 38 of over a thousand cases filed in Maharashtra have been disposed of with only nine convictions,” reports [DNA India]
Useful ordinance? 1/615: Out of 615 ordinances promulgated in India between 1958 and 2006, the only one justifiable ordinance is the one introduced by former Prime Minister Morarji Desai in 1978—where currency notes in denominations ofRs.1,000/5,000/10,000 were demonetized—because they thought it was one way of dealing with corruption and inflation, according to a study conducted by NUJS Kolkata graduate and Singapore Managment University assistant professor Shubhankar Dam [Mint]
Exclusive: Talha Salaria, co-founder and partner at Bangalore firm MMB Legal, has set up an independent firm called Lawyers at Work.
Four senior counsel and Naik in SLP against immovable property rental service tax; AZB Bangalore Muthoot debentures; Universal-Wadia Ghandy Pizza Hut deal; Infrastructure India windfarm buy with 3 foreign firms and KhaiCo, MMB; ANM for Godrej in cyber squatter; Rs 200 crore P&A Kemrock buy; Amarchand Essar delisting.
7 deals in brief: Khaitan-CC on mammoth loan; JSA-AMSS-S&R luxury venture; Khaitan-Trilegal project; MMB cricket & more
Khaitan-Trilegal inject $78m into Caparo Energy; JSA, Amarchand, S&R on LVMH luxury Genesis investment; Khaitan double teams with Clifford Chance on StanChart loan, AZB’s $1.4bn steel loan, plus sports, projects and Kolkata litigation.
MMB Legal advised education company Teamlease Services on its Rs 100 crore ($22.6m) fundraising ICICI Venture and Gaja Capital, advised by Wadia Ghandy Bangalore and DSK Legal in Mumbai.
Amarchand and MMB Legal with London firms Nabarro and Taylor Wessing on complex deal between Infrastructure India and Guggenheim involving AIM fundraising and two asset acquisitions.