Corporate

JSA, Luthra close cinema, mall slump-sale-JV

cinema_seats-by_Looking-Glass
cinema_seats-by_Looking-Glass
J Sagar Associates (JSA) and Luthra & Luthra co-ordinated the Rs 62.2 crore ($13.5m) cash and equity acquisition of DLF-owned DT Cinemas chain by entertainment chain PVR.

Second law firm lawyer stands for local Bar Council election

ALMT-Hitesh_Jain
ALMT-Hitesh_Jain
Another law firm partner has thrown his hat in the ring of local Bar Council elections, with ALMT Legal partner Hitesh Jain running for the Maharashtra & Goa Bar Council on a ticket of improving participation, relevance and infrastructure.

Bharucha, Khaitan fast-track Blackstone PE stake

train-freight_by-JFeister
train-freight_by-JFeister
Bharucha & Partners and Khaitan & Co have led on The Blackstone Group’s Rs 300 crore ($64m) investment in logistics company Gateway Rail Freight.

SN Gupta starts Mumbai M&A team, eyes full service in new office

SN_Gupta-Rajesh-N-Gupta
SN_Gupta-Rajesh-N-Gupta
SN Gupta & Co has started up an M&A practice in Mumbai by hiring a Khaitan & Co senior associate as a partner and an associate from Hemant Sahai Associates.

The firm has also taken on new office space in Mumbai and plans to build a litigation team.

Amarchand hires Irish competition law expert

Amarchand_delhi_office
Amarchand_delhi_office
Amarchand Mangaldas Delhi has hired a non-Indian qualified competition law specialist as a director in its competition law practice, reports The Lawyer magazine.

Clifford Chance income tax saga enters Supreme Court

CliffordChance-London-office
CliffordChance-London-office
The Supreme Court of India has requested Clifford Chance to provide details of its India-billings of more than a decade ago in its long-running dispute against the Deputy Commissioner of Income Tax (DCIT). The case is important to determine international firms’ income tax liabilities while billing for work in India.

Zeus Law expands from law schools, US

Zeus-by-ideacreamanuelaPps
Zeus-by-ideacreamanuelaPps
Four-year old Delhi corporate firm Zeus Law Associates has beefed up its practice with the hire of a former US in-houser as a managing associate and three associates fresh out of law schools.

Linklaters partners resign, join best friend's new lockstep

Talwar-Thakore-Narayan-Iyer
Talwar-Thakore-Narayan-Iyer
Two partners from Linklaters have resigned to join its Indian best friend firm Talwar Thakore & Associates (TTA) as equity partners.

The firm has also promoted two of its associates to non-equity partner level and put in place a lockstep system.

Talwar Thakore takes building big enough to double headcount

Mumbai-Fort-map
Mumbai-Fort-map
Linklaters best friend Talwar Thakore & Associates has leased a new office in the Fort area with 70 per cent more floor space, bucking the recent trend of Mumbai firms moving North.

Ambani spat judge steps down due to AZB conflict

gasoilpower_night_thumb
gasoilpower_night_thumb
A Supreme Court judge on the Ambani brothers’ gas supply dispute has stepped down, fearing a conflict of interest because of his daughter recently joining AZB & Partners in Bangalore as a partner.

Indian lawyer goes on Vietnam WTO mission

Delhi-based lawyer Madhurendra Nath Jha has been selected to advise the Government of Vietnam on WTO matters as a part of an international team of experts.

Luthra & Luthra takes on 50% more space in Delhi

LuthraLuthra-new-floorspace-sml
LuthraLuthra-new-floorspace-sml
Luthra & Luthra has leased a new floor in its existing Delhi building, moving its corporate team of 60 heads into the 7,000 square-foot-area last week.

Desai & Diwanji seeds Sequoia relationship in PE power deal

sequoia-trees_by-Joi
sequoia-trees_by-Joi
Desai & Diwanji, DSK Legal and Wadia Ghandy have triple-teamed on the $100m private equity investment into Hyderabad power company Ind-Barath Power Infra.

Reshuffle in October IPO rankings, 2 new entrants

Bombay-stock-exchange-ticker
Bombay-stock-exchange-ticker
Luthra & Luthra, AZB & Partners and S&R Associates have pushed up the IPO league tables this October, as J Sagar Associates (JSA) and capital markets specialist firm JurisPrudent Consulting Partners make their entry into the rankings.

Projects boutique recruits FoxMandal partner

steam_rollers_road_building
steam_rollers_road_building
FoxMandal Little Delhi partner K.A. Najmi has joined project finance specialist firm India Law Services as a partner to head its Delhi office.

SN Gupta, Hyderabad start-up advise on inbound hotels fund

SN-Gupta-Amit_Aggarwal
SN-Gupta-Amit_Aggarwal
SN Gupta & Co and one-year-old start-up India Legal have advised on Duet India Hotels’ Rs 120 crore ($26m) fund investment in a Hyderabad hotel project with L&T Phoenix Infoparks.

Boutiques advise on new media VC, expect revival of early stage deals

iphone-video
iphone-video
Thakker & Thakker and venture capital (VC) boutique law firms Sand Hill Counsel and Menon Associates have advised on the series A investment into a Hyderabad mobile TV start-up, giving several angel investors a partial exit.

Vaish boosts indirect tax with two lawyers from former merger target

four-lions-india
four-lions-india
Vaish Associates has recruited two indirect tax law practitioners from Lakshmi Kumaran & Sridharan in a bid to expand its indirect tax law practice.

Trilegal moves in with Khaitan & Co to Mumbai's Lower Parel

Lower-Parel_mumbai
Lower-Parel_mumbai
Trilegal will be the second law firm to move into Lower Parel’s One Indiabulls Centre in November, joining Khaitan & Co in the same Mumbai office block. Trilegal is also moving into its long-planned new office in Delhi this month and preparing for its move in Bangalore.

Hemant Sahai bulks up merged corporate strength with new partner

Mumbai_gateway-lg
Mumbai_gateway-lg
Hemant Sahai Associates has recruited an AZB senior associate as a partner in Mumbai, after recently merging with Paras Kuhad & Associates to create a national firm called PHA Advocates.