Amarchand Mumbai managing partner Cyril Shroff and Bangalore partner Nivedita Rao acted for United Spirits’ parent company, United Breweries Holdings Group, according to a press release from the firm. Mumbai competition law partner Nisha Kaur Uberoi and senior advisor taxation Nanda Shah also advised on the deal.
Platinum Partners together with Slaughter and May’s London office acted for Diageo.
Platinum Mumbai partners Nihar Mody and Yash Mohanram led for Diageo from India with Piusha Bose.
Slaughter and May corporate partners Simon Nicholls, Robin Ogle and Padraig Cronin led from London, assisted by associates Stuart Whitty, Filippo de Falco, John Connell, Phil Jockelson, Murray Cox, Thomas Braiden and Shaym Radia, as well as financing partners Stephen Powell and Ed Fife, associate James Greenwood and partners in tax, intellectual property, pensions and employment and real estate.
United Breweries English law advisor was Herbert Smith Freehills, while Kanga & Co assisted on the due diligence in India.
One source with knowledge of the deal said that around 150 lawyers had been involved across the globe.
Diageo will buy 19 per cent of the stake held by the promoters in UB for £660m, and 8 per cent of freshly-issued equity, followed by an open offer to give it a majority holdings, reported Mint. It also included a joint venture over United National Breweries South African beer business.
United Breweries instructed Citigroup Global Markets as lead financial adviser, while Ambit Corporate Finance assisted on tax and structure-related issues.
JM Financial was lead transaction and financial adviser to Diageo and BofA Merrill Lynch was joint financial adviser, with UBS also providing assistance.
Amarchand and Platinum (with Freshfields Bruckhaus Deringer) also recently acted on opposite sides on the Rs 2,400 crore sale of Gujurat Gas Company by the BG Group.
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Meeting of the Legal Education Committee of the Bar Council of India was held on Saturday, 29th January, 2011 at 10.30 A.M. at the premises of the Indian Law Institute, Bhagwan Das Road, New Delhi – 110001.
Item No.5/2011A (LE)
To consider the applications regarding LL.B degree awarded by King’s College, University of London while only the University of London is recognized by the Bar Council of India.
The applications regarding LL.B degree awarded by King’s College, University of London be treated as valid because University of London is recognized by the Bar Council of India and the said college is affiliated to the University of London and enjoys a degree of autonomy as a result of which it is able to place its courses at higher level than the courses prescribed by the University.
This is without prejudice to the Committee’s intention to review all universities located overseas from the point of maintenance of standards, curriculum contents and the test of equivalence which would be suggested or recommended by the Equivalence Committee.
This is being permitted on account of the fact that the candidate have done a basic undergraduate course preceding the 3 year LL.B. Course.
In respect of Piusha Bose the Committee is unable to entertain the request on account of failure of evidence to show that she has obtained an undergraduate degree before commencing studies in law. In view of the fact that she does not have an undergraduate degree it is not possible to accept her request.
Practising Indian law without a license? Naughty! Naughty!
Now we know why Kanga and not Platinum was doing the due diligence.
She joined Platinum from Trilegal in September 2011.
And the sequiter is.....?
You don't see any other Platinum associates' names mentioned, do you?
Platinum doesn't need manpower. Nihar is the MAN! His team has plenty of powder puff!
Alliance? More like the India LPO of Freshfields.
It is a classic example of a proxy of foreign law firm in India. This is the best way to do so. No laws need be amended, just keep referring matters and that's it.
Really, wipe the stars from your eyes.
Ciyril's chief ability is to prevent the market from opening up and having him and his "firm" measured by real competition. Any solid corporate firm from Kansas City or Leeds could have flown in and done this deal with a junior partner and half a dozen associates. They could have sourced the India-side advice from a so-so desi accountancy practice, changed their awesome docs to some horrible font like trebuchet and make the margins justified, and you'd say it was "Cyril's best work yet."
And you'd be right.
One day Steve Jobs' and Apple will be forgotten just as we have forgotten who the first man, or woman, who invented the wheel and the first man, or woman, who domesticated fire. It is the nature of man to believe that his lifetime is the span of the cosmos. It is the nature of man to believe his contribution will solve all the problems of the world. Sadly it isn't so ----
articles.economictimes.indiatimes.com/2012-11-02/news/34876051_1_steve-jobs-apple-logo-human-nature
AZB has other rainmakers besides Zia. Nihar is the only superstar at Platinum and his rain blows in from London.
it seems like a deal negotiated between Herbert Smith and S&M with Indian firms providing local law support and regulatory advise
This is Amarchand not poodle shop we are talking about!! Herbert Smith played the supporting role. Indian target company which is India's largest liquor manufacturer, go figure. Local law support and regulatory advise? It's all about Indian law and Indian regulators.
It's pathetic that a country of a billion plus worships at the feet of a single law "firm" such as AMSS. Anyone who writes "This is Amarchand not poodle shop we are talking about" is in the poodle category himself. If Cyril and Co. cared about the profession in this country they'd prefer a vibrant, competitive marketplace. Rather, he's marrying his daughter into the power structure, sucking up to the establishment and prancing about as if he's actually in a competitive race. [...]
From a Marwari
This has now been fixed, thanks for pointing out.
The way it seems right now is that Mr. Mallya, in the very apt words of that song, 'toh ainvaye, ainvaye, ainvaye lut gaye'.
Guess 'the Good Times' have come to a close. Now Mr. Mallya's main surviving business interest seems to be the audition of wannabe bikini models. Aww, I feel bad for Papa Mallya, the desi tanned Santa Claus lookalike.
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