Abhijit Joshi

Veritas Legal, the firm started by ex-AZB & Partners senior partner Abhijit Joshi in 2014, has made its first two internal promotions, according to a press release from the firm.

The firm of former AZB & Partners CEO Abhijit Joshi, Veritas Legal, has advised German specialty chemicals company Evonik on its acquisition of Mumbai-based catalyst supplier Monarch Catalyst, which was advised by J Sagar Associates (JSA) partner Sandeep Mehta.

The value of the purchase of the family owned company founded in 1973 was not disclosed. It is expected to close in the first half of 2015, reported Mint.

Rahul Dwarkadas, who had resigned from Wadia Ghandy’s partnership on 4 March, will be joining the Mumbai-based firm of ex-AZB & Partners CEO Abhijit Joshi, Veritas Legal.

AZB & Partners senior partner and chief executive officer (CEO) Abhijit Joshi will leave by 15 November.

Although a plethora of Indian anti-corruption and bribery laws exist, many are not very effective and foreign rules such as the UK Bribery Act and the US Foreign Corrupt Practices Act (FCPA) could have unpredictable consequences for Indian companies, said AZB & Partners, UK barrister’s chamber No5 and chartered accountancy BDO.

Exclusive: AZB & Partners has appointed senior partner Abhijit Joshi into the newly created chief executive officer (CEO) role, overseeing strategy of the Mumbai, Bangalore and Pune offices while continuing in his client-facing duties.

Desai & Diwanji has scored the first instruction for the merged Tata Quippo towers business, after having originally advised Quippo Telecom on its joint venture (JV) with Tata Teleservices, which was advised by AZB & Partners.