Indian Law Partners (ILP)

Indian Law Partners (ILP) advised Toshiba Corporation which bought Rs 400 crore ($60.7m) worth of shares in Noida based water services company UEM India from India Value Fund (IVF) and UEM’s promoter Krishnan Kshetry. IVF was advised by DSK Legal and Kshetry was advised by Amicus Services.

ILP partner Gopika Pant, senior associate Vineet Gupta and associate Sehar Aijaz acted for Toshiba.

Amicus partner Shivi Agarwal acted for Kshetry and DSK partner Narendra Digankar and manager Rishabh Mastaram acted for IVF

The Rs 400 crore sale now leaves IVF’s stake in UEM at 20 per cent, reported the Economic Times adding that Toshiba had already bought 26 per cent in UEM in March 2014.

Indian Law Partners (ILP) promoted its first non-founding partner into the partnership in Delhi with counsel Gaurav Wahie, effective from 1 April..

Indian Law Partners (ILP) and Ashurst acted for Japanese Toshiba in its investment in Delhi-based clean water solutions provider company UEM India.

Link Legal advised Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) and the Government of India in raising funding from public sector lender Japan Bank of International Corporation (JBIC). JBIC was advised by Indian Law Partners and Ashurst.

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 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.