The joint venture agreement entered into by a subsidiary of ESL with Lavasa Corporation aims to build residential schools facilitated through independent trusts in a city called Lavasa near Pune.
LexCounsel partner Seema Jhingan and senior associate Varsha Gupta led for ESL while Lavasa was represented by its in-house counsel Arun Bodupali. The JV was finalised in the last week of April.
Jhingan told Legally India: "The joint venture would facilitate setting up an International Baccalaureate residential school in partnership with an independent non-profit organisation. The venture also plans to set up two pre-primary schools and one more residential day school in the next three years."
The firm has also assisted ESL in structuring and advised on the outsourcing and transfer of the Smart Class Contracts executed by the company with various schools.
LexCounsel has profited from the recent boom in the education sector, having advised on Educomp on its June 2009 JV with the UK's Pearson Group and assisting Leapstart Trust on setting up an education venture capital fund.
LexCounsel sets up Int'l Baccalaureate school JV
Delhi firm LexCounsel has advised on a joint venture (JV) agreement between public listed education service provider Educomp Solutions Limited (ESL) and Lavasa Corporation to set up four educational institutes to benefit from investment opportunities in the booming education sector.
No comments yet: share your views
Most popular articles
- L&L Lit lifts 5 to partner, promotes 1 to partner designate as Arb, ...
- Luthra corporate-white-collar partner Alina Arora resigns for ‘car...
- ‘Mission to transform practice of law’: Ex-Sequoia GC Sandeep Ka...
- Mrinal Satish to return to NLU Delhi from DJA (but not as VC), as se...
- Fresh senior Gopal Sankaranarayanan ‘retorts’, walks out of SC c...
- MP Meenakshi Lekhi to introduce ‘nationalise NLU bill’ in Lok Sa...
- Uttar Pradesh to get 2nd NLU with 25 acre campus in Prayagraj/Allaha...
- Claims & counter-claims analysed: NLU Delhi threatens perjury agains...
- DSK bags Flipkart mandate to invest $4m in EasyRewardz with AZB, For...
- Parinam hits 80 lawyers on 1st bday • 2nd Delhi partner joins: AOR...
Latest comments
-
2015 drunk-drive-killing-alleged lawyer Janhavi Gadkar re-appeals against revocation of licence • SPP finally appointed January
-
AZB senior tax partner Sunil Agarwal becomes IT standing counsel, to follow litigation passion
-
MP Meenakshi Lekhi to introduce ‘nationalise NLU bill’ in Lok Sabha tomorrow
-
Are you including the current NLS VC in that group? (10 hours ago)
-
INI or IoE or whatever, as with the PM ... (Yesterday)
-
Three law schools amongst 48 cleanest colleges in India out of 6,900 (!): MHRD rankings
-
Oasis or mirage? (Yesterday)
-
-
‘Mission to transform practice of law’: Ex-Sequoia GC Sandeep Kapoor’s start-up Algo hits 11 partners, 48 lawyers
-
Not sure if serious or shifu level of sarcasm. (2 hours ago)
-
Founders? (3 hours ago)
-
I guess this will be covered in a separate article. (7 hours ago)
-