Taxi aggregator Uber started a joint venture with Tata Motors, which envisages Uber drivers buying Tata cars financed via Tata Capital Financial Services and Tata Motors Finance loans with insurance from Tata AIG, according to reports.
Shardul Amarchand Mangaldas acted for Uber, led by partner Deepto Roy, with partners Ashni Roy, Abhay Sharma, Shweta Shroff Chopra, Manika Brar.
According to a Shardul Amarchand press release their team also included principal associates Anuj Bhasme, Oscar D’sa, principal associate designate Ankit Guha, senior associates Rohan Arora and associate Akshay Kumar Sharma.
AZB & Partners acted for the Tata companies, according to a press release from the firm, with partners Ashwin Ramanathan and Nilang Desai, with consultant Nils Vernooij, senior associate Noshir Vania and associate Tvisha Sharma.
Ernst & Young was tax adviser to Uber.
The deal was signed on 31 March 2016 and closed on 16 June 2016.
Uber’s legal director Mohit Abraham has been a long-time colleague of Roy’s, including at their start-up PXV Partners and Khaitan & Co where they joined before Abraham moved to Uber and Roy moved to Shardul Amarchand Mangaldas in 2015.
Khaitan & Co has also historically been working with Uber.
Photo by Mark Werner.
Comments
According to their most recent press releases they recently acted for Tech Mahindra, Meidensha Corporation, IOCL, and Wockhardt...
By the way, on that note, we are considering changing the way we cover deals a little bit, potentially. As it is now, we don't get to cover all deals (particularly many of the ones where a law firm doesn't confirm the other party to a deal, as in the case of AZB, for instance).
Would you be interested in us also publishing live deals as soon as press releases come in, even if they don't include all advisers? It would be useful market intelligence and we can also do interesting things with such data...
And if there is a big deal, it's hard for us to ignore it when PAs/associates aren't mentioned.
Being completely honest, as we currently operate, our main focus is on law firm partners, whether they join, leave, get promoted, do something amazing or stupid, or do deals, etc...
We tend not to focus on the next level so much right now and I am also not sure it's fair to put the spotlight on SAs/PAs too much either, as it would also bring more scrutiny which is perhaps unfair since the buck is supposed to stop at partner at the end of the day (even if in many cases partners may do very little work :).
Happy to hear counterpoints or disagreements though, we're wide open to figuring out how to improve deals coverage...
It is the law firm partners who need to grow up and give credit to the lawyers on the deal. In any event, when the associates make partner, they will get their share of credit - one can only hope that they will be better than their senior generation and give credit to their young associates.
I think the best way to get firms to report contribution of lawyers fairly is to name and shame them for not doing so (even anonymously). What do you think?
Cheers :)