Vedanta Delhi-based general counsel (GC) of its iron ore, steel and power verticals Jasmeet Wadehra has joined Visa in Mumbai as vice president legal for India and South Asia in July of this year.
At Vedanta, Wadehra was responsible for legal issues relating to its iron ore, steel and power businesses; at Visa, he is understood to be handling its South Asia-region legal team, including India, Sri Lanka, Nepal, Bangladesh, Bhutan and the Maldives.
There is one other senior lawyer at Visa’s in-house team at present with work including regulatory and M&A.
Legal issues in the complex financial service sector could include data localisation mandates by the Reserve Bank of India (RBI) to payment companies and other regulatory issues.
At Vedanta, we understand that Wadehra had been part of the Electrosteel acquisition and integration under the Insolvency and Bankruptcy Code, as well as several major arbitrations.
The 2001 Delhi University graduate and qualified company secretary, had worked at Dua Associates before heading in-house to companies including GE Capital Services, Deutsche Bank, FedEx and International Paper, before joining Vedanta in 2015.
We have reached out to Wadehra for comment and will update the article if we hear from him.
Wadehra is the second senior lawyer to have left Vedanta in the last months: Nitin Banerjee had left as general counsel (GC) for a destination yet to be confirmed.
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Also, which industry/sector pays the most to a GC in today's market conditions?
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