Khaitan & Co
In today’s edition of Mint: Legally India reveals the conundrum of how legal liability insurance has managed to catch on among India’s bigger law firms, despite no one being able to remember any lawyer ever getting sued for negligent advice.
Desai & Diwanji advised the Ashok Piramal Group in its Rs 1250 crore to Rs 1500 crore ($250m to $300m) three-way joint venture (JV) with Canadian engineering group SNC-Lavalin, which was advised by Economic Laws Practice (ELP), and IDFC project equity’s investment fund India Infrastructure fund (IIF), which was advised by Khaitan & Co.
K Law and Linklaters have advised Reliance Industries on its Rs 22bn ($450m) joint venture with Russian petro company Sibur, which was advised by Khaitan & Co and Herbert Smith, as Legally India had earlier reported.
Six deals in brief covering capital markets, M&A, competition law and more.
Khaitan & Co., alongside Herbert Smith, advised Russian petrochemical giant Sibur in sale of 74.9 per cent equity for Rs 22 bn ($450 m) to Reliance Industries for setting up a joint venture (JV) Greenfield project manufacturing synthetic rubber. Reliance Industries was advised in-house.
Khaitan & Co, alongside Travers Smith, advised legal process outsourcing (LPO) company CPA Global in its acquisition by European buyout firm Cinven which was advised by Freshfields Bruckhaus Deringer.
Khaitan & Co advised Bahrain-headquartered telecom service provider Bahrain Telecommunications Company (Batelco) in its $174m stake sale in its Indian joint venture STel to Skycity Foundation, which was advised by Rajani Associates.
Deals with Dua Associates, AZB & Partners, Khaitan & Co, Vichar Partners, Majmudar & Co, J Sagar Associates (JSA) and more…
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.
Mint exclusive: India’s corporate law firms advised on fewer and smaller mergers and acquisitions (M&A) in the 2011 calendar year than in 2010, which affected revenues but still kept firms such as AZB & Partners, Amarchand Mangaldas, Khaitan & Co, J Sagar Associates (JSA) and Desai & Diwanji busy with a lion’s share of work.
Exclusive: AZB & Partners Mumbai and Khaitan & Co’s Delhi office have scooped the mandate to advise on Reliance Industries bid to invest in two Network18 subsidiaries for more than Rs 1,500 crore ($290m).
The latest and greatest deals and cases not yet covered, rounded up for you in one convenient bite-size package.
Read Legally India’s December and late November deals round-up to find out what friends and colleagues have been up to.
The Legally India newsletter has been absent for a little while but things have been busy at India Legal Inc, and at Legally India towers.
Amarchand Mangaldas Delhi director Paku Khan, who holds a partner equivalent position in the competition law practice, has resigned to join Khaitan & Co in Delhi as a partner.
Exclusive: Amarchand Mangaldas Mumbai partner Ganesh Prasad has resigned to join Khaitan & Co in Bangalore as a partner.
Exclusive: Khaitan & Co has hired Sharad Abhyankar, the co-founder of ANS Law Associates, as a corporate, commercial and M&A partner in Mumbai with his principal associate.
Khaitan & Co has moved into a larger office in Bangalore, vowing to increase head-counts by nearly 50 per cent there within the next six months.
A wrap of the past weeks’ major deals and their advisers, featuring all the usual suspects plus Rajani, LexCounsel, Prism, HSB, SJ Law, Travers, Nabarro, DLA and more…