DSK Legal
Former DSK Legal partner Jagvir Singh will join HSA Advocates as the third partner in the firm’s project finance practice on 16 August, while also focusing on banking and corporate work.
Mergers and joint ventures lead last month’s largest deals, while private equity, capital markets, litigation and competition policy also nestle in.
DSK Legal won in the Delhi high court for power trading solutions provider PTC India in its petition challenging an arbitral award in favor of infrastructure conglomerate Jaypee group’s power company Jaiprakash Power Ventures (JPVL) which was represented by senior advocate Shanti Bhushan, on 15 May 2012.
Fourteen law firms kept busy in a sideways economy with 14 deals in corporate, private equity and banking and finance. Find out what the industry has been up to.
Legally India’s round-up of the latest 15 cases and deals and their legal advisers, including Luthra’s defence of Yahoo! India in two high-profile cases, and a massive boom in debt capital markets – but only one equity cap markets deal for AZB.
DSK Legal advised Bangalore-based pharmaceutical company Strides Arcolab in the sale of its 94 per cent shareholding in its Australian and Southeast Asian subsidiary Ascent Pharmahealth to US- based Watson Pharmaceuticals for A$375m (Rs 1965 crore), alongside Herbert Smith and Australian firms Freehills and Middletons.
Khaitan & Co took home the winning trophy at the ELP Masters Cup 2012 last weekend, as 16 law firm teams battled it out on the grounds of the Police Gymkhana in Mumbai. Two-time defending champions Wadia Ghandy failed to make the cut.
Exclusive: Desai & Diwanji advised private equity house Olympus Capital Asia Investments in its purchase of over Rs 500 crore ($100m) in DM Healthcare, which was advised by Universal Legal’s Chennai office, with the exiting investors India Value Fund represented by DSK Legal.
Exclusive: DSK Legal’s Delhi office has scored the role advising Japanese telecoms major Softbank Corp on its $200m strategic investment in Bangalore-based mobile ad network InMobi, alongside four international firms.
Best of deals, including three exclusive venture capital/private equity deals featuring DSK, Sand Hill, Induslaw, Khaitan and Nishith Desai, as well as a banking, M&A and projects wrap.
The firms would give preference in referring work to each other as “best friends” but would remain non-exclusive in line with Indian restrictions, Pant and Ashurst India head Richard Gubbins told Legally India.
Exclusive: DSK Legal managing partner Anand Desai is defending Aamir Khan’s latest box office bonanza Delhi Belly against a raft of obscenity claims, of which only one has so far been served on the producer.
MMB Legal advised education company Teamlease Services on its Rs 100 crore ($22.6m) fundraising ICICI Venture and Gaja Capital, advised by Wadia Ghandy Bangalore and DSK Legal in Mumbai.
Exclusive: The Authority for Advance Rulings (income tax) has pronounced an order in favour of former Tata-Quippo shareholder DBZ Mauritius, which is contrary to the Bombay High Court’s view in the Vodafone-Essar tax case.
Exclusive: DSK Legal is parting ways with Delhi partners Gopika Pant and Piyoosh Gupta over strategic differences on future growth, with one more lateral partner set to join the firm in its new larger Delhi office space only several weeks after hiring a team 15 lawyers.
DSK Legal will merge with 15-lawyer Bangalore litigation and real estate firm AKS Law Associates on 1 April, hoping also to ramp up the corporate offering to South India.
Exclusive: DSK Legal and Juris Corp through senior counsel Janak Dwarkadas have filed a winding-up petition in the Bombay High Court against pharma company Wockhardt, which is represented by Majmudar & Co and senior counsel Rohit Kapadia.
Paras Kuhad & Associates (PKA) Delhi disputes partner Ravi Prakash has joined DSK Legal with a team of 14 lawyers, almost doubling the size of DSK’s Delhi outpost.
For the second year in a row Wadia Ghandy won the 2011 Mumbai ELP Masters Cricket Cup last weekend, besting Nishith Desai Associates (NDA) in the finals after Economic Laws Practice (ELP) was foiled by the flip of a coin in the semi-finals.