Corporate

Clasis Mumbai projects team breaks away: Ishtiaq Ali, Damodara Rao start own 5-partner firm with ADAG GC [Update-1]

Ali
Ali
Clasis Law project finance partners Ishtiaq Ali and Damodara Rao have left to start their own firm, which is understood to be a five-partner, 10-lawyer start-up law firm.

Juris Corp loses former merger partner Motiwala

Mustafa Motiwala, who joined Juris Corp in 2011 with his firm AM Law , has resigned as a partner at the firm, reported Bar & Bench . He was in charge of commercial, dispute resolution, intellectual property and real estate. In a little over a year, Juris Corp has seen the departure of Chennai h...

1,800 companies’ legal spend up 18% to $3.5bn - RIL alone billed Rs 1,200 cr, Ranbaxy doubled costs to Rs 850 cr: ET

The Economic Times ’ research arm, the ET Intelligence Group, surveying more than 1,800 listed companies, has revealed that their legal spend was Rs 21,906 crore ($3.5bn) in the 2013-14 financial year, an increase of more than 17.5 per cent on last year. Out of the five biggest spenders on legal fee...

Amarchand, Lathams, Davis Polk act on ICICI $500m note issue from Dubai

ICICI Bank issued $500m of 3.50% 2020-due notes under 144A/Reg-S in its $7.5bn Global Medium Term Note (MTN) programme, through its Dubai branch, as reported by PTI . ICICI instructed Amarchand Mangaldas partner Niloufer Lam with senior associate Madhav Kanoria and associate Aayushi Anand on Indian ...

Herbies, Amarchand & Nepali firms act on landmark $1.4bn Nepal FDI by GMR

Herbert Smith Freehills (HSF) and Nepali law firm Abhinawa Law Chambers advised the Investment Board of the Government of Nepal on its project development agreement (PDA) with a consortium led by Indian infrastructure company GMR, to develop the 900 megawatt, $1.4bn hydroelectric Upper Karnali Hydro...

Deals in brief: Semi-mysterious $2.7bn Cognizant US M&A with NDA | €730m Alstom-Triton | Everything else that’s been happening in corporate deal world

Deals in brief
Deals in brief
Read on for the hottest M&As, fundraisings and financings of the fortnight.

Sid Luthra fails to save OP Khaitan partner Gautam Khaitan from ED custody

OP Khaitan & Co managing partner Gautam Khaitan, who was arrested early Tuesday in the AgustaWestland chopper deal case , has been produced before a court, which sent him to seven days Enforcement Directorate custody. Chief Metropolitan Magistrate Sanjay Khanagwal sent Khaitan to ED custody aft...

DLA India co-head Biswajit Chatterjee defects to Squires Singapore, adding ‘outbound dimension’ to India group

Chatterjee
Chatterjee
DLA Piper India group partner and NLSIU Bangalore grad Biswajit Chatterjee has joined US firm Squire Patton Boggs.

Dhir & Dhir long-time partner Purti Marwah starts up firm

Dhir & Dhir partner Purti Marwah will set up her own law firm, reported Bar & Bench . She had been a partner at Dhir since 2005, having been with the firm since 2001 after a year at Singhania & Co. The firm’s managing partner Alok Dhir told Bar & Bench that he wished her well, wh...

ED arrests OP Khaitan managing partner, Gautam Khaitan, over board membership of a Choppergate company

The Enforcement Directorate (ED) has arrested the managing partner of OP Khaitan & Co, Gautam Khaitan, in its money laundering probe relating to the tainted Rs 3,600 crore AgustaWestland helicopter deal, according to PTI and a number of press reports. The PTI reported yesterday that two of Khai...

JSA 2014-partner Vikrant Patwardhan joins Brit steel major Stemcor as India GC

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J Sagar Associates (JSA) Mumbai salaried partner Vikrant Patwardhan has joined the world’s largest independent steel trader Stemcor as its general counsel India.

Argus co-founder Ramya Hariharan leaves UUA

Argus Partners co-founder Ramya Hariharan has resigned from Udwadia Udeshi & Argus Partners, as first reported by Bar & Bench . Hariharan confirmed her departure but declined to comment further when contacted. Argus co-founder Krishnava Dutt did not respond to a phone call seeking comment ...

Platinum scoops MNK, ex-Luthra partner Nivedita Tiwari

Tiwari
Tiwari
MNK Law Offices M&A and private equity partner Nivedita Tiwari, who joined one year ago from Luthra & Luthra, has joined Platinum Partners in Delhi, according to an authoritative source.

Wadia Ghandy converts to controversial eat-what-you-kill-style model, as Ashish Ahuja now shares managing partner post

Hunting in packs
Hunting in packs
Wadia Ghandy has created a joint managing partner post, which managing partner Ashish Ahuja will share with executive committee partner Dhawal Mehta.

Candy Crush-maker King.com taps Khaitan & Co again for Bombay HC IP injunction

Candy Crush
Candy Crush
Khaitan & Co won a copyright infringement suit in the Bombay high court for once-$7.6bn King.com, the creator of the hugely popular mobile device game Candy Crush Saga .

Tempus, Tatva on Cyient's $5m buy of Invati Insights in Hyderabad

Tatva Legal advised Hyderabad-based IT company Cyient in buying a 51 per cent stake in data analytics start-up Invati Insights, which was advised by Tempus Law Associates in Hyderabad. Tatva Legal partner Rajeev Reddy and associate Shivacharan Reddy acted for Cyient. Tempus partner P Raviprasad and ...

Desai Diwanji partner Sumes Dewan, ex-Fox partner & others start up Delhi-Mumbai firm

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Desai & Diwanji (D&D) Delhi head and corporate partner Sumes Dewan started up last week, having left the firm two months ago. His full service start-up law firm Lex Favios has offices in Bombay and Delhi, and has 15 lawyers, including him, with at least 10 years of experience working in various law firms.

Wadia Ghandy partner & cricket captain Amit Manubarwala joins ELP corporate

Wadia Ghandy partner Amit Manubarwala has joined Economic Law Practice (ELP) as an associate partner in the corporate and commercial group. The qualified Bombay solicitor became a partner at Wadia Ghandy in 2012 , having joined the firm in 2005 from Crawford Bayley & Co, where he began his care...

Ex in-house lawyer starts ‘one of first’ corporate law firms in Goa

The former legal general manager of Advanta India, Ameya Salatry, has started a real estate, contracts, corporate, transactional, banking, business finance, licensing and intellectual property law firm in Panjim, Goa, according to Bar & Bench . The firm, called Legal Minds LLP, was started in A...

JSA tax chair Ashok Dhingra & 2 partners start own tax-anti-corruption firm with 8,000-book library

Dhingra
Dhingra
J Sagar Associates (JSA) tax chair Ashok Dhingra, partner Smita Singh, and partner-equivalent chartered accountant (CA) Sonia Gupta, have set up boutique tax advisory firm Ashok Dhingra Associates (ADA).