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28-year old law firmite inks 1000-page tome in spare time

Big book
Big book

Luthra & Luthra senior associate Shishir Jose Vayttaden has written and published a 1000-page book on SEBI Takeover Regulations, which is touted by the publisher as the best commentary on the topic.

The book entitled SEBI's Takeover Regulation was launched to hit the book stalls on 26 January 2010, but Vayttaden first entered into a contract for publication two years ago with LexisNexis Butterworths Wadhwa group.

NLSIU Bangalore alumni Vayttaden joined Luthra & Luthra soon after completing his LLB in 2005 and has been with the firm since then.

The transactional work carried out by Vayttaden while servicing clients in the M&A space was what laid the foundation for his manuscripts, he explained, which was in turn converted into a book after extensive research that he undertook for over two years.

Vayttaden said: "We had worked extensively with an international law firm which was advising a foreign acquirer and for several months we were answering very detailed questions, minute details that the foreign counsel would go into, so for two to three months it was as though we had completely fleshed out the takeover code."

"After the transaction got over, I just happened to take a look at my notes," he continued. "It seemed to me to be like a book, and that was way back in 2007."

"In hindsight it’s an amateurish view to have had that those notes were anywhere close to a book," he concedes, "but in 2007, standing where I was, I thought if I could polish those notes a bit, I could have a book ready."

"The unique thing as far as I'm aware is that there is no commentary on the takeover code; there was a gap in that space. I'm hopeful that my book will be able to fill in the void," he said, adding: "Academically, to write on the common takeover code as an exercise is to write about other legislations / areas of law which may not be central to the code but are nevertheless important."

Vayttaden would take out time to finish the book on the weekends and on other holidays, apart from writing during free hours at work.

"Sometimes I would carry a laptop and would work on my ride back home in the metro," he said.

The publisher's blurb on the book reads: "Until this publication, there was no work that wove the jurisprudence of SEBI, SAT and court orders with the rich source of industry practice found in published public announcements and the practical insights of practitioners. This provision-by-provision commentary on the Takeover Regulations can safely claim to be the most exhaustive work on its subject."

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