Amarchand Mangaldas
Amarchand maintained its standing as India’s clear M&A leader topping the annual chart for the third year in a row.
With Amarchand Mangaldas having agreed to break up into two firms by 1 April after a public Bombay high court battle over a family inheritance and control of the firm, we took a closer look at the few Indian lawyers who've sued other lawyers.
Hello again! This week’s newsletter is back with the low-down, context and analysis on the most important things that happened in the last week or so of law.
Amarchand Mangaldas Delhi and Mumbai regions, managed by brothers Shardul and Cyril Shroff respectively, have agreed to split into two firms by 1 April 2015, confirmed three independent sources.
Amarchand Mangaldas and K&L Gates advised US-based Par Pharmaceuticals and its wholly-owned Indian subsidiary Par Formulations on its acquisition of Chennai-based Ethics Biolabs, which was advised by HSB Partners.
Amarchand Delhi partners Amit Kumar and Arvind Sharma, principal associate designate Janani Sekhar and senior associate Ananda Malhotra acted for Par Pharmaceuticals.
HSB partners TK Bhaskar and Varun Sriram with associate Anantha Krishnan Iyer acted for Ethics Biolabs and its selling promoters. Ethics conducts “bioavailability, bioequivalence, pharmacokinetic and clinical end point studies for pharmaceutical and biotechnology companies”, started an Amarchand press release. The value of the deal, which closed on 14 January, was confidential.
You may have noticed that Legally India's once-much-beloved newsletter of 122 issues had sadly been on a multi-year hiatus. Well, it’s back.
The deadline for filing the Bombay high court counter affidavit by Amarchand Mangaldas Mumbai managing partner Cyril Shroff to rebut his brother Shardul’s case has been extended for the second time to 20 February 2015.
The court-sanctioned mediation between the brothers has been extended too from its earlier closing date of 31 December 2014 to the end fo January, after a Bombay high court hearing yesterday.
Amarchand Mangaldas together with Al Tamimi advised Warburg Pincus, which invested around Rs 1,200 crore for a 10 per cent stake in Kalyan Jewellers, advised by AZB & Partners.
It might lead to the break-up of India’s largest law firm, but Shroff vs Shroff doesn’t have to be complicated. We’ve distilled it for you and shared the court documents.
The dispute between Amarchand Mangaldas brothers would most likely result in a split of the firm into two separate entities, said an authoritative source with close knowledge of the Mumbai side of the dispute.