Corporate

Singh & Associates seconds partner to China to kick off alliance with Guangda

china red square
china red square
Singh & Associates (S&A) has seconded a partner and a principal associate to Beijing full-time, to strengthen the firm’s China practice with the help of a non-exclusive client referral arrangement with Guangda Law Firm in China.

Anand and Anand scales up Chennai operations on back of IPAB

Growing contentiously
Growing contentiously
Anand and Anand doubled its office space in Chennai last month by securing lease to the property adjacent to its previously existing office premises in AR Villa.

Verus powers $40m Suzlon wind farm sale opposite Desai & Diwanji, from bigger office

Verus' Jay Parikh
Verus' Jay Parikh
Verus advised India-based leading global wind-power company and longstanding client Suzlon Energy (Suzlon) in the Rs 160 crore ($40m) sale of its 58 MW wind-farm Suzlon Engitech to an undisclosed purchaser, which was advised by Desai & Diwanji.

ALMT challenges Maharashtra gutka & pan masala ban with writ [download petition]

Gutka_vendor_in_India
Gutka_vendor_in_India
ALMT Legal won a stay on the Maharashtra state government’s order to destroy the gutka and paan masala siezed from tobacco major Ghodawat Pan Masala Products (Ghodawat) and five other gutka makers, in the Bombay high court yesterday.

JSA SA Srishti Ojha joins Desai & Diwanji as second cap markets partner

desai-diwanji-srishti-ojha
desai-diwanji-srishti-ojha
Exclusive: J Sagar Associates (JSA) senior associate Srishti Ojha will join Desai & Diwanji as a partner in Mumbai, ramping up the capacity of specialist capital markets partners at the firm to two after Sumes Dewan joined in Delhi earlier this month.

Link Legal tops H1-2012 project finance league table ahead of Amarchand, Luthra, Clasis

road-works-digger
road-works-digger
Exclusive: Link Legal pipped last year’s leader Amarchand Mangaldas at the top of the 2012-half-year Dealogic project finance rankings, reporting seven deals worth Rs 27,106 crore ($4.9bn).

20+ deals in brief: NUJS lit grad for IA stewardess, Welspun, Treves, Pinberry, OneAssist, China Ming Yang, Wellknown Polyesters, NYLIM, EPC Industrie & more

image
image
Corporate M&As continued to buttress law firm activity, while one NUJS graduate sweated it out with a high profile Delhi high court case. Khaitan & Co also kept busy in finance and capital markets, and projects and private equity proved solid.

JSA hikes fresher base salary by 9% to cross Rs 10 lakh p.a.

Rups
Rups
Exclusive: J Sagar Associates (JSA) has increased its basic starting remuneration package to Rs 10.5 lakh per annum for its intake of graduates starting this year.

ELP restocks competition practice with Luthra’s Ravisekhar Nair

Mr.Ravisekhar Nair, Associate Partner, Economic Laws Practice
Mr.Ravisekhar Nair, Associate Partner, Economic Laws Practice
Luthra & Luthra managing associate Ravisekhar Nair has replenished the ranks of Economic Laws Practice (ELP) competition team as an associate partner, after partner Samir Gandhi left ELP last month.

MMB partner Talha Salaria starts up new Bangalore firm Lawyers at Work

Lawywers-at-work-Talha-Salaria
Lawywers-at-work-Talha-Salaria
Exclusive: Talha Salaria, co-founder and partner at Bangalore firm MMB Legal, has set up an independent firm called Lawyers at Work.

PXV opposite NDA in early stage Patni-family TranServ VC deal

credit-cards
credit-cards
Exclusive: PXV Law Partners advised its long standing client, prepaid payments program manager TranServ, in its sale of equity to venture capital (VC) fund Nirvana Venture Advisors, which was advised by Nishith Desai Associates.

Update: Amarchand ex-tax head Aseem Chawla starts up law firm as 'best friend' of CAs Mohinder Puri

Amarchand-Aseem_Chawla
Amarchand-Aseem_Chawla
Exclusive: Ex-Amarchand Mangaldas tax head Aseem Chawla has started a tax, business and corporate advisory law firm called MPC Legal with two co-founding partners, as the “best friend” firm of chartered accountancy (CA) firm Mohinder Puri & Co.

Lexygen ‘chugs along’ without Singapore partner Yang Yen Thaw, who joins Sino-Sg firm Dacheng Wong

Lexygen-YangYenThaw
Lexygen-YangYenThaw
Private equity boutique Lexygen’s former Singapore partner Yang Yen Thaw, who left in December 2011, has joined Chinese firm Dacheng Wong Alliance LLP as co-head of its India practice from Singapore.

King Stubb Kasiva opens Bangalore proper, aims for Ahmedabad in a year

King Stubb managing partner Kumar: Going national, quietly
King Stubb managing partner Kumar: Going national, quietly
Exclusive: King Stubb & Kasiva (KSK) has launched a full-fledged Bangalore office on 1 July as it is aiming to open in Ahmedabad by this time next year.

Trilegal, Amarchand on 25-bank record time $1.5bn debt restructure of Hind Construction

transportation engineering
transportation engineering
Trilegal advised ICICI Bank and a consortium of lending banks in the Rs 8,300 crore ($1.5bn) debt restructuring of Mumbai-based engineering and construction major Hindustan Construction Company (HCC) which was advised by Amarchand Mangaldas.

SILF view clashes with BCI SC appeal over foreign lawyers but says CA firms practise illegally

Bhasin_Company-Lalit-Bhasin
Bhasin_Company-Lalit-Bhasin
Contrary to the approach taken by the Bar Council of India (BCI), foreign lawyers should be allowed to fly into India temporarily to advise clients and assist in arbitrations, decided the Society of Indian Law Firms (SILF) in its general board meeting on Saturday, while noting that chartered accountants have been flouting the rules.

Nexus VC fund creates GC role with Phoenix PA Arun Madhu

Nexus-Phoenix_Arun_Madhu
Nexus-Phoenix_Arun_Madhu
Phoenix Legal principal associate Arun Madhu will join India-focused venture capital (VC) fund Nexus Venture Partners as its first general counsel (GC) tomorrow.

Fox's Sumes Dewan bolsters Desai & Diwanji Delhi, says clients will join

Sumes Dewan: ex-Fox
Sumes Dewan: ex-Fox
Exclusive: Fox Mandal partner Sumes Dewan will join Desai & Diwanji as its second Delhi partner on 7 July, after he had resigned last week.

MSM reports of ‘blow’ to foreign law firms greatly exaggerated: SC affirms fly-in-fly-out, cites repealed FERA, nothing changed

Reports of foreign law firms' death greatly exaggerated
Reports of foreign law firms' death greatly exaggerated
Contrary to media reports, the Supreme Court has reaffirmed the Madras high court judgment on foreign law firms, expressly permitting the “fly-in-fly-out” of foreign lawyers, while reiterating the law laid down in the Bombay high court’s Lawyers Collective judgment preventing foreign lawyers from opening up offices in India.

BCI opens aggressively v foreign law firms in apex court Balaji appeal; Service in 10 weeks [Update 1]

Round 2
Round 2
Breaking: The Supreme Court has given 10 weeks to serve 31 foreign law firms and the respondents in the apex court appeal against the AK Balaji Madras writ petition, with the Bar Council of India (BCI) arguing that the law should prohibit foreign lawyers from even temporarily travelling to India to advise clients.