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CAM’s Nisha Uberoi, with 51% merger-control ‘market share’, joined AZB today (after 70+ days’ notice)

AZB now with two competition partnersAZB now with two competition partners

Cyril Amarchand Mangaldas (CAM) Mumbai competition partner Nisha Kaur Uberoi, who resigned on 22 May 2016, has joined AZB & Partners today after a notice period of over 9 weeks, confirmed AZB Mumbai managing partner Zia Mody when contacted.

She had joined what was then Amarchand Mangaldas in 2002 from NLSIU Bangalore, and completed an LLM from National University of Singapore (NUS) in 2005.

Her joining will boost AZB’s competition practice in Mumbai, with the firm’s competition team having been led by partner Samir Gandhi in Delhi since 2012 when he joined from Economic Laws Practice (ELP).

Update: In an AZB press release, co-founding partners Zia Mody, Ajay Bahl and Bahram Vakil commented: “Having Nisha come on board as co-head will even further accelerate and deepen our existing top tier position in this practice and we hope tosoon put blue water between us and the rest of the market.”

Competition co-head Gandhi said: “We welcome Nisha on board and are very much looking forward to taking the practice from strength to strength.”

Uberoi commented in the statement: “I am absolutely delighted to join AZB I look forward to working with the team.”

According to the release:

Nisha comes to AZB & Partners with significant experience, having obtained a very significant number ofmerger control clearances in India (over 175 of the 340 odd merger notifications).

Her significant mergercontrol clearances include the Etihad/Jet transaction, the Kotak Mahindra / ING USD 2.4 billion mergerand UntraTech/Jaypee cement assets in Gujarat and MP

She has advised on Phase II investigations inIndia, including Sun Pharmaceuticals/Ranbaxy USD 4 billion merger and Lafarge/Holcim Euro 41 billionmerger, which included divestitures.

Currently, Nisha is advising LafargeHolcim in relation to the sale ofthe entire shareholding of Lafarge India Limited. Nisha also represents clients in cartel matters and inabuse of dominance proceedings and appears at the CCI and COMPAT regularly.

Since Uberoi’s resignation, CAM has shored up its competition practice by promoting Bharat Budholia and hiring Khaitan & Co competition principal associate Anshuman Sakle as partners.

Contractually, CAM could have enforced a notice period of up to three months for non-equity partners such as Uberoi, and six months for equity partners.

However, CAM equity partner Ashwath Rau, with non-equity partners Anu Tiwari and Dhruv Singhal were released for AZB on 2 June, only around six weeks after their resignation following a deal arranged for releasing early AZB Delhi senior partner Percy Billimoria.

On the flipside, Rau team-member and non-equity partner Ganesh Rao also saw a longer notice period of two months and one week, similar to Uberoi’s, in order to hand over matters before joining AZB

2014 saw the longest notice period from erstwhile Amarchand Mangaldas’ Mumbai office, where Abhimanyu Bhattacharya joined Khaitan & Co four months after giving notice (though initial statements indicated he would have to serve the full six month notice period.

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1
Like +23 Object -4 The fight begins 03 Aug 16, 18:50  interesting  top rated
Lets see how Samir Gandhi and Nisha work together! This will be interesting. There is bound to be clashes leading to exit of one.
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1.1
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Like +16 Object -13 RC 03 Aug 16, 19:04  controversial
Nisha and Samir have more maturity to double their pie than the two kids CAM has made partner. What I want to know is HOW did the CCI clear this merger? AZB Comp team definitely dominant!
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1.1.1
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Like +1 Object -1 DD 04 Aug 16, 17:37
Dynamic market bro.
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2
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Like +7 Object -7 Associate 03 Aug 16, 18:52  controversial
Jo jitna Important usko utna long notice period, Smajhalu!
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2.1
Like +14 Object -10 Bhatta the best 03 Aug 16, 20:18  controversial
By your logic Abhimanyu Bhattacharya is the best capital markets lawyers in the country given his long notice period....okay that makes sense. He is the best young ECM partner in the country.
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2.1.1
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Like +18 Object -17 Zia rox 03 Aug 16, 22:51  controversial
No kco partner can be the best in anything
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2.1.1.1
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Like +1 Object -0 Remember. 08 Aug 16, 11:10
Well Abhimanyu Bhattacharya was an Amarchand Partner before being a KCO Partner....
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2.1.1.1...
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Like +2 Object -1 Zia rox 08 Aug 16, 14:03
Bhatta learned the tricks of the trade from greats like Mr. Guptan and Mr. Ashar. Kco promotes mediocrity. Khaitan promotes people to retain them. 100 partners in a firm consisting of 400 lawyers.Need I say more
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2.1.1.1...
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Like +0 Object -0 Quis custodiet 09 Aug 16, 14:23
Every law firm promotes people just to retain them nowadays. Khaitan started this nonsense and all the so called "premium" brand law firms followed.
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2.1.1.1...
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Like +3 Object -0 Socrates Knows 10 Aug 16, 01:19
Zia Rox - you must be a very sad person. Some promotions and bonus must have skipped past you. They have opened a knitting school across the Vashi creek - I am told its therapeutic - give it a shot, add some balm to your soul.
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2.1.2
Like +8 Object -2 A Team 03 Aug 16, 23:46  interesting
Hum Masala Bond Banaye, Tum Ka Kiya!
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3
Like +13 Object -3 lying through teeth 03 Aug 16, 19:40  interesting
LOL! You must be joking when you say she has worked on 175 merger control matters. Kian - why dont you ask her to share a list of these matters. Such hogwash!
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3.1
Like +7 Object -3 Demerger 03 Aug 16, 19:51
Yes, that 175 number looks incredible. So almost half of the acquiring/target companies came to AMSS and later CAM? And she advised on each one of them? Must say...no slouch!!
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3.1.1
Like +5 Object -0 Amarchand? 03 Aug 16, 20:32  interesting
Maybe she's counting all Amarchand deals?
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3.1.1.1
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Like +1 Object -1 Counting Bombay 04 Aug 16, 12:16
Counting only AMSS Bombay deals perhaps? The two branches always worked separately, that is common knowledge?
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4
Like +7 Object -0 Kala Chashma 03 Aug 16, 19:51  interesting
I am surprised that the concept of garden leave has suddenly vanished!!
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4.1
Like +9 Object -1 Bahubali 03 Aug 16, 21:30  interesting
Sorry Kala Chashma - its not garden leave but gardening leave - but just to play along let me just say their frigging garden has vanished.
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5
Like +26 Object -19 Zia Ji 03 Aug 16, 20:26  interesting  controversial
"Top tier position" what world are you living in Zia Ji?
Shardul Amarchand's competition team is the only tier 1 competition practice as recognized by Chambers and Partners; the only "elite" practice to be recognized by Global Competition Review and Naval Chopra is the only Indian lawyer to be ever listed in GCR's 40 under 40 competition lawyers worldwide (despite previous incorrect claims by Samir Gabdhi). Also, AZB has lost PErcy who did a brilliant job in enforcement matters.
So madam, the blue water between you and the rest may actually just be what is required [...]. [...] Kian don't censor!
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5.1
Like +6 Object -0 Zia rox 03 Aug 16, 22:55  interesting
What Zia ji. Call her zia. First name basis is an official thing in AZB
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5.1.1
Like +16 Object -1 Culture 04 Aug 16, 11:02  interesting  top rated
First name may be an official thing in AZB but in SAM we still live in han ji nahi ji culture. Don't take that away from us ....
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5.2
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Like +2 Object -5 Zia and her regards 04 Aug 16, 00:34
Nisha > Percy, at least as a competition lawyer.

Definite improvement for AZB, the serious players in the competition space in India just went from 3 to 2. Not sure that's great news for clients.

Samir and Nisha are friends from Law School, so perhaps they'll get along?
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5.2.2
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Like +0 Object -1 Cutter 05 Aug 16, 13:56
Till such time either cuts across the there path.... Let the blood bath begin!
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5.3
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Like +7 Object -4 Son-in-law 04 Aug 16, 01:12
Calm down, SAM is the best and you are the greatest. Good night.
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5.4
Like +6 Object -0 Counting Bombay 04 Aug 16, 12:19  interesting
Written by SAM competition partners/employee surely.

Reeks of fear, as competition grows
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6
Like +49 Object -5 You judge 03 Aug 16, 20:37  interesting  top rated  controversial
You judge a good competition lawyer by the number of merger filings they avoid, not how many they file!
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6.1
Like +6 Object -1 Refresh 03 Aug 16, 22:44  interesting
or even better- filing mergers and getting them cleared? A good job- litigation lawyer doesn't tell you to avoid the law, it tells how to be compliant with it
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6.1.1
Like +7 Object -1 Actually 04 Aug 16, 00:16  interesting
A good lawyer tells you how to comply with the law, and so avoid litigation... that's the same as structuring a deal to avoid statutory filings, including CCI
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6.2
Like +38 Object -1 Sammie 04 Aug 16, 10:05  interesting  top rated
Lol. Wasn't she referred to as the filing queen once because she filed even transactions that didn't need cci clearance
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6.3
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Like +4 Object -1 Money 04 Aug 16, 11:04
Avoid merger filings? Ha, no money minded lawyer in their right mind would avoid a merger filing. Scare the client and make money. File even when not required.
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6.3.2
Like +21 Object -0 @ 6.3 money 04 Aug 16, 16:36 LI subscriber  interesting  top rated
That would be a crook, not a lawyer. All lawyers who scare clients and make money by filing unnecessary cases/papers are a disgrace.
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6.4
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Like +0 Object -0 sigh 04 Aug 16, 12:21
surely not by the number that are invalidated?
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7
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Like +0 Object -9 Paisa Paisa Karti Hai 03 Aug 16, 21:25
How much money she must be making? I hear 7-8 crores.
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7.1
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Like +2 Object -0 Lol 03 Aug 16, 22:26
You my friend are quite a way off from even the most i flated figures. Working in a exec recruiting firm I can say partners with similar CVs/Book size etc. at 2.5-3.5cr..
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7.2
Like +10 Object -0 Refresh 03 Aug 16, 22:45  interesting
Are you crazy? A little over 2 including bonus!
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7.3
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Like +0 Object -2 educated guess 03 Aug 16, 22:49
3.5 crore
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7.3.1
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Like +2 Object -1 Associate 03 Aug 16, 23:49
No increment and bonus, only Gajar!
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8
Like +31 Object -7 No depth 03 Aug 16, 22:11  interesting  top rated  controversial
It is strange that a lawyer who was simply executing Cyril's work, is being shown as if she built the practice. Just saying yes to comp filing in every matter is not what the practice is all about....
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8.1
Like +12 Object -4 Eurekaa 04 Aug 16, 01:33  interesting
Haha does CAM make people who simply execute Cyril's work National Practice Head? Poor Vishwanathan, Yash and Reeba then. Cam truly needs to treat professionals well to retain talent. Uberoi was terrific while at CAM. Truth is CAM has no competition practice today, Corporate derailed with Ashwath exit and CAM trying to run corporate deals from Bangalore and litigation hit by VP exit. AZB has been the biggest beneficiary. #blue water
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9
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Like +3 Object -7 kidding 03 Aug 16, 22:33
you must be joking ? Inthsiders, please enlighten us. My guess is anything close to 5c.
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9.1
Like +5 Object -0 Hah 04 Aug 16, 10:58  interesting
5 cr!!! are you mad??? nothing above 2.5
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9.1.1
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Like +3 Object -1 Shallow 05 Aug 16, 22:03
Be it 5 or 2 or 1, do you or I get any of it??!! Chill out and be sexy (heard this in Bom HC today)
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10
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Like +2 Object -2 Best of luck 03 Aug 16, 23:20
Wish you all the very best nisha and your team.
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10.1
Like +11 Object -1 Team? 04 Aug 16, 13:10  interesting
What team? Everyone has stayed back at CAM! Lol
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10.1.1
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Like +2 Object -1 Refresh 04 Aug 16, 23:16
Correction, anu Tiwari has moved with her
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10.1.1.1
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Like +2 Object -0 Mad hatter 05 Aug 16, 08:38
Anu is a partner working with Ashwath and has nothing to do with Nisha [...]!
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11
Like +8 Object -0 Kejriwal 03 Aug 16, 23:38  interesting
What about Piramal transaction [...] of combination regulations! Poor Piramal penalised Rs. 5 crores. [...]
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11.1
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Like +4 Object -3 FYI 04 Aug 16, 12:05
Some other law firm was working on it before it came to her baba. She is a lawyer not a magician that she can time travel and undo the mistakes committed by other firms! Theek hai yaar, chill kar! Let her live in peace? And you have vada pao?
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11.2
Like +4 Object -0 Math Master 05 Aug 16, 12:40
Piramal fined only 5 crore for not filing and completing 3 transactions. Cci should have filed them25 cr min!
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12
Like +6 Object -0 Interpretation 03 Aug 16, 23:47  interesting
Was it CAM's share or Nisha's? Under all aplicable laws.... It wil always be CAM's share.
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13
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Like +0 Object -0 What about associates 04 Aug 16, 08:32
Kian, could you tell us if any of her associates will be coming with her at azb?
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14
Like +30 Object -2 Shallow 04 Aug 16, 10:44  interesting  top rated
Peps- this is such stale news! Ashwat and her have moved firms and it's like a long running saga! Wish them well or don't and lets move on!

More important things to be debated on:

1. GST finally and I never seen Arun Jaitley smile so much
2. How did we not win that test match against the windies
3. Katrina looks fantastic in that new song
4. Trump is a tramp
5.....
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15
Like +13 Object -4 @ Zia and Partners 04 Aug 16, 12:49 LI subscriber  interesting
There's no idiom like "putting blue water" ... its "putting *clear* blue water". Also, the usage of the phrase in the press release is far from apt. This is a classic example of people trying to wax eloquent and using incorrect English. What makes it worse is that it was written, not spoken.
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15.1
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Like +0 Object -0 MC Lawyer 07 Aug 16, 19:56
I think you might be off the mark here, chappie. While the phrase was popularised by the Conservative Party to reflect a gap in the political ideologies, it does originate from rowing. The rowing term indicates a distance between the leading boat and the others. Thus, 'blue water'. Clear blue water is the full phrase but often used in the shortened form as reported here. Maybe before criticising some top lawyers you should rather know something in entirety.
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16
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Like +1 Object -0 nottt 04 Aug 16, 15:47
everyone has to go through the notice period!
I only recollect it being waived of once in the recent past, don't remember Partner & firm name, JSA was it??
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17
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Like +1 Object -0 Dope 04 Aug 16, 23:17
CRAZYY BRAH
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18
Like +8 Object -0 Please Stop 05 Aug 16, 09:41  interesting
where is our Cravath Associate now a days? He should come and comment about 8 million salary of Scott! ;)
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18.1
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Like +0 Object -0 Quis custodiet 09 Aug 16, 14:30
I actually miss that guy.
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19
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Like +1 Object -1 dollars ? 05 Aug 16, 11:52
8 million dollars, you meant.. ?
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19.1
Like +6 Object -1 SA 05 Aug 16, 13:54  interesting
He got fired and now mans the hot dog stand opposite the Cravath office in Manhattan!
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20
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Like +2 Object -1 cravath associate 06 Aug 16, 01:59
Competition Act 2002 is a plagiarized version of The Sherman Antitrust Act and EU Competition.This is all that I know about anti trust. I am doing my M&A rotation in Cravath.
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20.1
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Like +2 Object -0 Oh well 08 Aug 16, 15:45
........India itself is also a plagiarized version of the USA and the EU ;-)
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21
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Like +1 Object -0 cravath associate 06 Aug 16, 11:07
EU Competition laws*
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21.1
Like +4 Object -0 but 06 Aug 16, 18:30
you left us disappointed, yaar. expected some comments on the antitrust practice in the US and how indian competition law practice pales in comparison to the former. you may want to try that.....
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