Corporate

Induslaw Series B client Olacabs matures into $200m M&A of TaxiForSure, opposite Amarchand, BMR

Induslaw represented Olacabs, which must fast be turning into one of its most high-profile and valuable clients, in a $200m takeover of TaxiForSure.

Modi gov’t pushes for opening of Indian corporate law to foreign firms, in talks to BCI

The Narendra Modi-led government has initiated talks with the Bar Council of India (BCI) to open up the Indian legal market to foreign law firms, reported the PTI , because it would assist in the government’s policy to increase the “ease of doing business” in India. BCI chairman Manan Kumar Mishra s...

Cyril & Shardul register new Amarchand.com domains, as mediators give Shroffs green light to start new offices (+ some big moves)

Cyrdul
Cyrdul
The mediators between brothers Cyril and Shardul Shroff of Amarchand Mangaldas gave the green light for both to begin setting up new offices.

Read PIL of Hariani & NUJS student to allow casinos in Maharashtra under un-notified 38-year-old Act

Hariani & Co is advising NUJS Kolkata final year student Jay Sayta on his Bombay high court PIL for the notification of the Maharashtra Casinos (Control & Tax) Act 1976, which legalised casinos, gaming and wagering 38 years ago. Hariani associate Anirudh Hariani is acting for Sayta who, in...

Samvad + Indus double-team $15m Nexus PE in hotel booking site

Samvad Partners advised venture capital firm Nexus Venture Partners on leading a $15m round of funding in Inasra Technologies – the company that owns hotel booking website Stayzilla.com. Inasra was advised by IndusLaw. Samvad partner Harish Narasappa, senior associate Natasha Mahajan and associates ...

Deepak Khosla writs to disbar Khaitan & Co, strip law firm names of ‘& Co’ (armed with archaic HC rules by Khaitan)

Advocate Deepak Khosla has filed a writ in the Calcutta high court to get Khaitan & Co to drop “& Co” from its name and for the high court to dismiss 20 years of pending and disposed of cases in which the firm acted.

Lalit Bhasin: SILF wants to start long legal liberalisation process in 2015, says BCI & gov’t agree

Society of Indian Law Firms (SILF) president Lalit Bhasin told the Business Standard that a plan of phased entry into India of foreign law firms should begin in 2015, subject to a number of conditions.

Khaitan to abandon much-loathed working Saturdays, moves to 5-day week +1 hour daily

Dolly Parto
Dolly Parto
Khaitan & Co has cut down its working week to Monday to Friday, while increasing the daily working hours by one hour from 1 March.

2014 M&A league tables: Combined Amarchand had double deal values of closest rival in 2014 league table, AZB topped by volume

M&A
M&A
Amarchand maintained its standing as India’s clear M&A leader topping the annual chart for the third year in a row.

Cipla GC, ex-BigLaw partner Murali Neelakantan resigns for new phase of career adventure filled with strategy, policy & teaching...

Cipla global general counsel (GC) and former Khaitan & Co partner Murali Neelakantan, has resigned in order to focus on a variety of policy, education and other projects, while also set to become an independent director of a former long-standing client.

Samvad promotes two to partnership

Samvad partners promoted senior associates Ashwini Vittalachar and Apurva Jayant to the partnership effective 1 April, taking its total number of partners to 9. Delhi-based Vittalachar handles general corporate, M&A, private equity and employment law work at the firm. She is a ULC Bangalore 200...

Herbies SA Rajesh Chavda joins Luthra as Delhi partner

Rajesh Chavda
Rajesh Chavda
Herbert Smith Freehills London senior associate Rajesh Chavda, will join Luthra & Luthra as a partner in its Delhi infrastructure and natural resources practice in April 2015.

When lawyers attack... other lawyers! 5 of the biggest law firm partnership battles in history [via Mint]

Lawyers attack each other, sometimes
Lawyers attack each other, sometimes
With Amarchand Mangaldas having agreed to break up into two firms by 1 April after a public Bombay high court battle over a family inheritance and control of the firm, we took a closer look at the few Indian lawyers who’ve sued other lawyers.

Seth Dua, Pratibha Singh in court-ordered mediation for Santa Banta jokes vs Santa Banta movie with Karanjawala, TMT, Mine & Young

Seth Dua & Associates is acting in the Delhi high court for the company that owns the iconic jokes brand Santa Banta and runs humour and Bollywood news website santabanta.com. The company had asked for a stay on the release of the movie ‘Santa Banta’ by production houses Cinetek Telefilms and V...

Trilegal moves to bigger office in Delhi with potential for 60% expansion

Trilegal has moved to a bigger office in Delhi, leaving its Kailash Colony space for a space in DLF South Court, Saket, which can accommodate 160 people instead of the current 100, reported Bar & Bench . Trilegal partner Anand Prasad told B&B that the firm is looking to make lateral hires ...

Singh & Singh, Chander Lall & Sethi to merge into 27-lawyer IP firm

Boutique intellectual property (IP) firms Lall & Sethi and Singh & Singh have merged to form the nine-partner, 27-lawyer firm SIngh & Singh Lall & Sethi effective 1 April, reported Bar & Bench . Lall & Sethi managing partner Chander Lall told B&B that “the new firm...

SC fast-tracks stay & hearing of ESPN, Star victory vs Doordarshan ahead of cricket world cup

The Supreme Court stayed, until Tuesday, the Delhi high court’s order that had banned Prasar Bharti from airing certain sports matches on cable. Prasar Bharti had, through attorney general Mukul Rohatgi, appealed against the high court’s order that was passed last week . Rohatgi, assisted by lawyers...

Delhi Airport’s ‘meaningful’, unusual & low-tax $290m high-yield bond issue: 5 law firms advise

AZB & Partners, Norton Rose Fulbright and Milbank, Tweed, Hadley & McCloy advised the joint lead managers the notes trustee on Delhi International Airport’s (DIAL) $288.75m issue of notes, on which DIAL was advised by Link Legal India Law Services and Davis Polk & Wardwell. AZB partne...

IndusLaw, Shearmans, Clifford Chance, Nepal firm on $140m hydropower financing

IndusLaw, Shearman & Sterling and Neupane Law Associates advised the Dutch development financing institution, FMO and a consortium of lenders on the $142.5m financing of the proposed 82 MW Nepalese Lower Solu hydropower project. The Nepalese company Essel-Clean Solu Hydropower and the Indian co...

Haigreve Khaitan explains why family used to have a legal HSBC Swiss bank account under RBI scheme, cleared by taxman

HSBC Kolkata
HSBC Kolkata
Khaitan & Co Mumbai-based partner Haigreve Khaitan has said that the family’s Swiss HSBC Bank account was set up as a way of legally and transparently diversifying their investments abroad but was closed after only a few years.