Amarchand Mangaldas
The latest deals in one place: Khaitan for Kingfisher, Heidelberg, Hutchison Whampoa | AMSS for Mitsui, Schneider, Alstom, Siemens, RTL, IDFC | Siemens: AMSS-Jones Day & more.
Former Securities and Exchange Board of India (SEBI) executive director Usha Narayanan joined Amarchand Mangaldas Mumbai as of counsel in the general corporate and financial regulatory practice today after she retired from SEBI in June this year, having served with the regulator for 21 years.
Economic Times looks at law firm equities and reports: Khaitan & Co, the firm of 58 partners, 300 lawyers and 101 years, retains 15 to 25 per cent of equity with the family, while at Amarchand Mangaldas (20 equity partners, 50 salaried partners, 555 lawyers, 95 years old) around 75 per cent equity is with the Shroff family, with mother Bharti Shroff holding lifetime equity, and the veto vote resting with the family.
Jyoti Sagar at JSA and Rajiv Luthra at Luthra & Luthra are the only Sagar and Luthra, respectively, at their firms. Sagar with Mumbai senior partner Berjis Desai holds under 13 per cent of equity in the 20-strong equity partnership of the 21-year-old firm. And while family is barred from joining JSA, strict observance of the rule resulting in retainers quitting if wanting to marry each other, at Luthra the bar to family is only in terms of automatic entry.
Speculation for AZB apparently goes that founding partner Zia Mody, amongst the 17 equity partners at the firm, holds 90 per cent of the firm’s equity, but she denies the rumours [ET]
Exclusive: The Competition Commission of India (CCI) rejected an amalgamation notice filed by Amarchand Mangaldas for Aditya Birla Nuvo, and AZB & Partners for retailer Pantaloon on 14 August. According to the regulator’s interpretation, the notice was premature and not in accordance with the Combination Regulations.
JSA, HSA, Khaitan, Dua and Amarchand eat, pray, love Sushi, drugs, classifieds and the markets...
Khaitan & Co and Baker & McKenzie again advised leading global injectable generic drugs maker Hospira and its Indian subsidiary Hospira Healthcare India (HHI) in its Rs 1100 crore ($200m) acquisition of Chennai-based global pharma major Orchid Chemicals & Pharmaceuticals’ penicillin and penem making facility and research & development business. Orchid was advised by Amarchand Mangaldas and Latham & Watkins.
Exclusive: Just behind being a brain surgeon, an air traffic controller, and flying remote control UAVs over civilians in Afghanistan from Nevada, being a lawyer can be one of the most stressful of jobs in the world.
Amarchand Mangaldas Mumbai and Delhi advised Bain Capital with US firm Ropes & Gray in the $1bn purchase of 30 per cent of shares in global outsourcer Genpact, which was advised by Cravath Swaine & Moore. Two selling private equity funds were assisted by Nishith Desai Associates and Paul Weiss.
Amarchand Mangaldas Delhi managing partner Shardul Shroff has released a statement explaining the events surrounding the Company Law Board (CLB) imposing a fine of Rs 50,000 and justifying the termination of employment of two allegedly responsible associates, as reported by Legally India yesterday.
Exclusive: Amarchand Mangaldas was fined Rs 50,000 by the Company Law Board (CLB) in Delhi on Friday and the firm today dismissed two associates for the allegedly negligent advice.
More deals than you can shake a stick at in our handy round-up of deals activity, with dozens of firms keeping busy.
Exclusive: Link Legal pipped last year’s leader Amarchand Mangaldas at the top of the 2012-half-year Dealogic project finance rankings, reporting seven deals worth Rs 27,106 crore ($4.9bn).
Corporate M&As continued to buttress law firm activity, while one NUJS graduate sweated it out with a high profile Delhi high court case. Khaitan & Co also kept busy in finance and capital markets, and projects and private equity proved solid.
Exclusive: Ex-Amarchand Mangaldas tax head Aseem Chawla has started a tax, business and corporate advisory law firm called MPC Legal with two co-founding partners, as the “best friend” firm of chartered accountancy (CA) firm Mohinder Puri & Co.