The Legal 500

India

Editorial

Overview

While 2013 saw India’s economic growth hit a ten-year low, the 2014 election results have led to a renewed sense of optimism in the market, with Narendra Modi’s landslide victory in May 2014 expected to lead to key political and economic reform.

Banking and finance and capital markets work remains quiet, leaving law firms to leverage the government’s heavy investment in infrastructure to maintain a healthy flow of public-sector projects work. Dispute resolution activity is on the rise, as law firms benefited from an increasing flow of India-related arbitrations before the Singapore International Arbitration Centre.

Most leading firms have a nationwide presence. Full-service firms Amarchand & Mangaldas & Suresh A. Shroff & Co., Luthra & Luthra and J Sagar Associates are all dominant market players. Notable boutiques include Tuli & Co for insurance, Anand and Anand for IP, and Karanjawala & Company for dispute resolution. In other news, Singhania & Partners merged with Rajani Associates to form Rajani, Singhania & Partners, a full-service national firm.

With the country’s cross-border transactional activity picking up, foreign firms are strengthening their India desks, although foreign firms continue to be excluded from practising in India, and as such typically maintain desks in India or Singapore, two key hubs for India-facing work.

Press releases

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Legal Developments in India

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Press Releases worldwide

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  • Avellum Partners Advised Nadezhda Group on Corporate Restructuring

    Kyiv, 29 December 2014 - Avellum Partners advised Nadezhda Group ("Group"), operating in the liquefied petroleum and gas industry, on tax planning for holding structure of the Group, all legal and tax aspects of corporate restructuring and acquisition finance issues, aimed at obtaining finance from international finance institutions ("IFIs").
  • Avellum Partners Advised on Exchange Offer of Metinvest

    Kyiv, 14 January 2015 - Avellum Partners acted as Ukrainian legal counsel to Deutsche Bank AG, London Branch and ING Bank N.V., London Branch, who acted as Dealer Managers, in connection with the exchange offer of Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies ("Metinvest") for its USD500 million 10.25% guaranteed notes due 2015, coupled with the new issue of USD289.7 million 10.5% guaranteed notes due 2017 ("Notes") under its USD1,500,000,000 Guaranteed Medium Term Note Programme and a 25% cash consideration. The Bank of New York Mellon, London Branch acted as the Exchange Agent. The Notes are listed and admitted to trading on the Global Exchange Market of the Irish Stock Exchange.
  • Gorodissky new practices

    In December 2014 the IP team of Gorodissky & Partners was joined by Valery Narezhny who will be in charge of the firm's new law practices such as taxes, customs and commercial laws. Valery graduated from Finance Academy under the Government of Russia (Moscow) majoring in "Finances and Credits" and the Academy of Law and Management (Moscow) majoring in "Civil Law", holds PhD degree in economics. He is specializing in taxes, currency, customs, labor and commercial laws and in court disputes. Valery started his carrier in the state bodies (Tax Policy Department, Ministry of Finance, and Government Administration), worked for a number of Russian and international law firms. He is author of more than 150 publications and 9 books on taxation and civil law issues. Valery Medvedev, Managing Partner, Gorodissky & Partners, commented: "It appears from our clients' enquiries that they are in the need to obtain consultations and professional advice relating not only to protection and enforcement of intellectual property rights but also to IP issues governed by taxes, labor, currency and commercial laws. Valery Narezhny having considerable experience and knowledge in these practices will no doubt enhance our team of lawyers and considerably enlarge the range of the firm's legal services"
  • HaoLiWen helps client resolve TP case with the customs

    HaoLiWen has advised a multinational client in a case of the customs challenge against import transfer pricing. Recently, this case was successfully closed. The customs has accepted the transfer pricing policies of the client.  The client has incurred no further import tax exposure, and the deposits put up with the customs for the shipments in question are to be refunded by the customs to the client.  
  • VEGAS LEX to support 2015 Jessup Moot Court Competition

    The VEGAS LEX law firm will support this year's Philip C. Jessup International Law Moot Court Competition, the largest and most prestigious law school competition, which will take place in Moscow from January 28 through February 1.
  • P+P Pöllath + Partners berät die Deutsche Bank und DN Capital bei Investitionen in Onlineportal Wi

    Der Onlinehändler Windeln.de hat seine bislang größte Finanzierungsrunde abgeschlossen. Mit einem Investitionsvolumen von insgesamt etwa EUR 45 Mio. beteiligten sich neben dem Hauptinvestor Goldman Sachs auch die bisherigen Geldgeber MCI Management, 360 Capital Partners, die Londoner Beteiligungsgesellschaft DN Capital sowie mehrere Deutsche Bank Fonds.
  • AT/USA: Schoenherr advises AIM Software Group on investment by Welsh, Carson, Anderson & Stowe

    Schoenherr advised AIM Software Group ("AIM") on the receipt of an investment from and transfer of a majority interest to U.S.-based private equity firm Welsh, Carson, Anderson & Stowe ("WCAS"). AIM is a leading provider of data management software products to the financial services industry. Under the terms of the transaction, which was announced on 14 January 2015, AIM's existing management team will continue to operate the business and maintain a significant ownership stake in the company. WCAS is also investing primary capital in the business which will be used to further accelerate AIM's expansion.  read more...
  • 12 January 2015 - Walgreens Acquires the Remaining Equity Ownership in Alliance Boots

    Walgreen Co., the largest drug store chain in the United States, has completed the acquisition of the remaining 55% equity ownership in Alliance Boots GmbH, the Swiss parent company of a leading international pharmacy-led health and beauty group. Walgreens had acquired 45% in Alliance Boots GmbH in 2012 with the option to proceed to a full combination by acquiring the remaining 55%.
  • 15 January 2015 - Daniel Leu elected partner

    We are pleased to announce that we elected Daniel Leu as partner as of 1 January 2015. Daniel Leu, a Certified Inheritance Law Specialist, advises private clients on corporate and estate planning, on the handling of estates, in connection with foundations and trusts and on questions in connection with the place of residence. Other areas of work include advising clients who buy or sell real estate in Switzerland and art law.
  • MOLITOR expansion continues

    Luxembourg, 26 November 2014 - MOLITOR Avocats à la Cour, have continued expansion plans by announcing the recruitment of experienced litigator François Cautaerts. François comes to MOLITOR from Philippe & Partners as a partner, with Paulo Lopes Da Silva, in litigation and Dispute Resolution as well as specialising in Restructuring & Insolvency.