Ex-ELP’s Stratage, Khaitan act on Mitsui’s buy of Bharat Insecticides

Wednesday, 23 December 2020 By Legally India Corporate M&A

Japanese companies Mitsui and Nippon Soda have acquired 56 per cent stake in agro-chemical firm Bharat Insecticides Ltd (BIL).

— Business Standard

Stratage Law Partners, which had been started in August 2020 by former Economic Laws Practice (ELP) partners, advised Bharat Insecticides Limited led by a team of managing partner Darshan Upadhyay, partner Bhavin Gada, associate partner Soumya Shanker, and associate Mehak Gupta.

Khaitan & Co advised Mitsui & Co. Ltd led by a team of partner Prasenjit Chakravarti, and partner Prasenjit Chakravarti, principal associate Nitish Goel, principal associate Nimisha Trehan, senior associate Megha Sharma,associate Saurav Bhaumik and associate Ranjini Gogoi, with assistance from litigation advisory partner Susmit Pushkar, principal associate Anchit Oswal and senior associate S Mohammed Raiz; intellectual property advisory partner Shailendra Bhandare and senior associate Sourav Dan; competition law issues by partner Manas K Chaudhuri, principal associate Pranjal Prateek and senior associate Aman Singh Baroka, and direct tax advisory with partner Indruj Singh Rai; corporate structuring with partner Bhavik Narsana; regulatory issues by partner Atul Pandey; and indirect tax advisory by partner Ayush A Mehrotra and senior associate Tushaar Talwar.

2020-09-01

Deal value: Confidential

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Stratage Law PartnersKhaitan & Co

Comments

Just asking 23 Dec 2020, 16:25
+2 -0
I like that law firms are now crediting all lawyers involved in a deal. However surprised to see the number of lawyers. This deal reporting mentions 19 kco lawyers including 8 partners. Is this typical for most Indian firms? Kian, please can you also mention the deal value.

Congratulations to both the law firms on a job well done!
CfO 24 Dec 2020, 04:34
+6 -1
If you give crazy rock bottom rates just to get on mandates then you need to make money some way right?
Ethics 26 Dec 2020, 04:16
+4 -0
I think that it is not right for a client to be loaded with such high costs. Of course if the matter is on a fixed fee basis (which such matters typically are not as M&A tends to be on hourly billing basis), then it does not matter. This is typical in the west when one is doing multi-jurisdictional acquisitions but not seen as often on single-jurisdiction deals.

I can understand requiring the assistance of a competition partner, but litigation, regulatory and corporate structuring partners is overengineering it. With so many partners involved, I can only hope that nothing slips in between the cracks.
Cracked 26 Dec 2020, 18:59
+3 -2
Better to have specialists advise on their practice areas than people claiming to know it all advising on all aspects. It's routine for tier 1 firms to take assistance of practice area focussed lawyers, just that no one credits them in the manner KCO does.

Whilst it may seem as a burden / cost to some, the clients definitely seem to be getting their money's worth, hence the steady growth. Also, for some junior associates, seeing their name on LI as part of a deal report is a pretty big deal.

Hope you find some peace in the way you are dealing with your clients and they keep feeding you with work during the strained times.
Competition 23 Dec 2020, 20:07
+5 -1
Great job Darshan & team! Many of us are routing for you!
Webster 24 Dec 2020, 13:41
+14 -0
Routing = defeating, causing retreat
Rooting = cheering
Stratage-y 30 Dec 2020, 20:27
+0 -0
Why. Why. Why.
Commenting is closed for this article.