Corporate

Khaitan acts for Temasek on stake buy in Danish company Topsoe and Indian subsidiaries

Temasek Capital Management Pte Ltd acquired a 30% shareholding in Haldor Topsoe, including its Indian subsidiary Haldor Topsoe India Private Limited, according to a company press release . In India this included conducting due diligence of Haldor Topsoe India Private Limited (the Indian subsidiary o...

Khaitan advises True North in $73.5m acquisition of AZB’s Max Bupa Health Insurance

“True North to buy 51% stake in Max Bupa Health Insurance: Private equity firm True North will acquire a 51% stake in Max Bupa Health Insurance Company for Rs 511 crore ($72 million),” reported VCCircle . Khaitan & Co advised True North Managers LLP led by a team of partner Niren Patel , princi...

Veritas helps Leela Venture hotels sell out to SAM client Brookfield for $576m

“Brookfield inks pact to acquire Leela hotels for $576 mn: Canadian investment firm Brookfield Asset Management Inc. has signed an agreement with debt-laden Hotel Leelaventure Ltd to acquire,” reported VCCircle . Veritas Legal advised Hotel Leelaventure Limited and its promoters led by a team of par...

Khaitan, ILP, Ashurst, others advise Ola on $300m buy-into electric cars initiative from Hyundai, Kia, with JSA on DD

At least seven law firms advised on the giant deal. “With the shared mobility concept gaining traction in India and other markets, South Korean automobile manufacturer Hyundai Motor Group on Tuesday announced an investment of $300 million in India’s biggest cab aggregator Ola Cabs, as part of a stra...

Top smartphone maker OnePlus lifts ‘14 Christ grad Maitrayee Sanyal into first India GC role

Maitrayee Sanyal has been promoted to local general counsel (GC) at mobile phone maker OnePlus, India, earlier this year.

ELP tax partner Anay Banhatti moves to Bombay bar for independent practice

Economic Laws Practice (ELP) tax partner Anay Banhatti has left and will be starting independent counsel practice, cementing the trend of tax lawyers choosing to join the bar in the lucrative and in-demand practice area.

Luthra hires another young ex-judge into private practice to deliver ‘full service from all angles’

L&L Partners (formerly known as Luthra & Luthra) has hired ex-judicial magistrate from Jharkhand, Kanchan Jasmin Toppo, as a senior associate, Bar & Bench has reported exclusively.

DSK co-founder Satish Kishanchandani, 2 partners to start up new firm with high ‘happy quotient’

DSK Legal co-founding partner Satish Kishanchandani is leaving the firm with two corporate partners and their teams in the coming months.

Talwar Thakore elects competition counsel P Ram Kumar as its first Delhi partner

Talwar Thakore & Associates (TTA) counsel P Ram Kumar has been promoted to the firm’s partnership in its competition team in Delhi, making him the firm’s first Delhi partner.

All-equity, all-partner start-up Ira expands to 7 with 2 more Anand & Anand movers, including super senior partner Debjit Gupta

IRA Law, the intellectual property and litigation boutique started up by four Anand & Anand alums, has added two more former Anand & Anand partners: senior partner of nearly three decades, Debjit Gupta, and partner Geetanjali Visvanathan have joined on 1 March.

ELP finance partner Deep Roy leaves, destination TBC

Economic Laws Practice (ELP) Mumbai-based banking and finance partner Deep Roy has left the firm last week.

First(ish) Indian firm to open China office: PSL bets on ‘crazy’ commercial opportunity in politically ‘tricky’ Belt & Road

PSL Advocates & Solicitors has set up a small office in China’s fifth-larges city, Hangzhou, and is in the process of hiring a local lawyer there to capitalise on increasing outbound work to India.

NLS ‘02 grad Manas Chandrashekar gets Lathams partnership in Hong Kong • 11th India-origin promo since 2017

NLSIU Bangalore’s global legal diaspora has scored another partnership at an elite international law firm, with 2002 graduate Manas Chandrashekar getting the nod in Latham & Watkins’ Hong Kong office.

CAM’s Delhi comp, TMT partner Rahul Goel joins IndusLaw to oversee comp disputes, director Anu Monga as partner

Cyril Amarchand Mangaldas Delhi competition and technology, media and telecoms partner Rahul Goel, whom we had reported in January to have resigned with his team, will be joining IndusLaw.

Phoenix closes Chennai office as partner Saipillai, litigator Joseph start Calibre Legal

Phoenix Legal Chennai head and partner Shadaan Mohammed Saipillai and tax litigator Arun Kurian Joseph have together set up local law firm Calibre Legal; Phoenix will shut shop in the city.

Nitya tax boutique realises Bangalore aspirations, opens office under ex-Deloitte Sreekumar Nair

Indirect tax boutique Nitya Tax Associates has opened an office in Bangalore and added former Deloitte associate director Sreekumar Nair as associate partner to head the new office.

SAM signs up Chilana tax-replacement: EY, ex-law-firm-start-up lawyer Rajat Bose

Following the departure of Shardul Amarchand Mangaldas (SAM) Delhi tax and GST partner Sandeep Chilana for independent practice, which we had reported in December 2018, SAM has now lined up his long-anticipated replacement: EY executive director of indirect tax Rajat Bose.

TMT part of Bharucha-Arthe merger breaks off again under Abhishek Malhotra

The TMT Law Practice half of the Bharucha & Partners merger partner, Arthe Law, has gone independent again in Delhi under original founding partner Abhishek Malhotra.

In challenging post-RERA regime, ex-RNA GC, Hammurabi partner Vidya Adsule joins Sheth builder as GC

Former RNA Corp general counsel (GC) Vidya Adsule joined the Mumbai-based $300m+ net worth realtor Ashwin Sheth Group, run by Sheth Corp, as group GC.

Praxis boutique co-founder Hemant Singh breaks away to start new electricity regulatory shop Charter

Praxis Counsel co-founding partner Hemant Singh has left the five-partner electricity and regulatory firm with the bulk of its fee-earners to start a new regulatory firm called Charter Law Chambers.