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Phoenix, Hogan Lovells on Indo-Japanese JV

Phoenix Legal and Hogan Lovells’ Japanese office have advised advised Japan’s Sojitz Corporation on its joint venture with South Indian business conglomerate Archean Group top operate a marine chemicals plant in India.

The Phoenix team was led by Mumbai partner Sawant Singh and associate Akanksha Midha.

Hogan Lovells Horitsu Jimusho Gaikokuho Kyodo Jigyo partner Anthony Raven led for Sojitz from Tokyo, according to a Phoenix press release.

The joint venture includes equity infusion and credit support amounting to $40m, over exclusive salt supply arrangements and technical services, in order to operate a marine chemicals plant in western India for the production of industrial salt, Sulphate of Potash (SOP) and bromine.

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