The Legal 500

AZB & Partners

EXPRESS TOWERS, 23RD FLOOR, NARIMAN POINT, MUMBAI 400 021, INDIA
Tel:
Work +91 22 6639 6880
Fax:
Fax +91 22 5639 6888
Email:
New Delhi, Mumbai, Bangalore

India

Top-tier recommendations

  • India: Projects and energy > Mumbai

Recommendations

  • India: Intellectual property > Mumbai
  • India: Intellectual property > New Delhi
  • India: Investment funds > Mumbai

India

Within Leading firms in Bangalore, AZB & Partners is a first tier firm,

AZB & Partners is commended for its ‘work ethic’ and ‘willingness’ to serve clients. The Bangalore office handles a significant amount of corporate transactional work. Srinath Dasari and Aditya Vikram Bhat are noted.

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India: Aviation

Within Mumbai, AZB & Partners is a third tier firm,

AZB & Partners’ aviation expertise covers deregistration and repossession of aircrafts, operating and finance leasing, and commercial financing for corporate jets. Team head Aswin Ramanathan is recommended.

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Within New Delhi, AZB & Partners is a third tier firm,

AZB & Partners’ Delhi office provides support to Mumbai-based Ashwin Ramanathan’s aviation practice, which handles M&A and aircraft financing, purchasing and leasing, as well as aircraft deregistration and repossessions.

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India: Banking, finance and capital markets

Within Mumbai: banking and finance, AZB & Partners is a second tier firm,

The ‘outstanding’ Bahram Vakil leads AZB & Partners’ ‘creative’ and ‘well-connected’ group, which covers a broad range of financial products and related services in India. It is particularly well known for its project finance work, and recently advised Tata Steel as borrower on a INR228bn term loan facility for the construction of an integrated steel plant. Other clients include Essar Oil, Bharat Petroleum Corporation, and International Finance Corporation (IFC).

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Within Mumbai: capital markets, AZB & Partners is a second tier firm,

AZB & Partners’ expertise covers debt and equity transactions (many of which are first-of-their-kind mandates) for a client base that includes Tata Steel, Citigroup, Deutsche Bank and Goldman Sachs. It recently acted for Indian Railway Finance Corporation on its dual-tranche corporate bond issuance on the Singapore Exchange. The ‘excellent’ Varoon Chandra leads the team, which includes Shuva Mandal and Shameek Chaudhuri.

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Within New Delhi, AZB & Partners is a second tier firm,

Led from Mumbai by Bahram Vakil, AZB & Partners regularly advises on financings for the firm’s impressive roster of corporate and private equity clients. Gautam Saha is the key contact in New Delhi, and recently advised International Finance Corporation (IFC) on an $85m loan to DHFL for a low-cost housing project and portfolio of green mortgages. Capital markets expert Madhurima Mukherjee joined from Luthra & Luthra.

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India: Corporate and M&A

Within Mumbai, AZB & Partners is a first tier firm,

AZB & Partners is a leading firm for top-flight transactions. In 2013, Shameek Chaudhuri advised Tata Power on its acquisition of a 40% stake in Dutch holding company Adjaristsqali Netherlands. ‘Leading practitioner’ Shuva Mandal is recommended, as are the ‘experienced’ Zia Mody, Abhijit Joshi, and Essaji Vahanvati.

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Within New Delhi, AZB & Partners is a first tier firm,

AZB & Partners has long been a top performer in Delhi for M&A transactions and a go-to firm for foreign corporates investing in India. Gautam Saha is the relationship partner for a number of the firm’s telecoms clients, and recently advised Bharti Airtel on its acquisition of Warid Telecom Uganda. Ajay Bahl and Percival Billimoria are also recommended.

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India: Dispute resolution

Within Mumbai, AZB & Partners is a third tier firm,

At AZB & Partners, Rajendra Barot recently advised eBay India on matters relating to the provision of the Information Technology Act. Other clients include General Atlantic.

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Within New Delhi, AZB & Partners is a second tier firm,

AZB & Partners’ Percival Billimoria heads the dispute resolution practice in Delhi, which leverages its leading reputation for corporate work to advise major local and international companies in contentious proceedings. The firm is representing Fairfax and its affiliates in disputes relating to a joint venture in India. Other clients include Boeing, Nalanda Capital and Metro Cash and Carry.

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India: Intellectual property

Within Mumbai, tier 4

AZB & Partners acts for clients on a variety of M&A-related IP matters. Zia Mody is recommended.

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Within New Delhi, AZB & Partners is a third tier firm,

AZB & Partners has a growing IP practice under the leadership of Akhilesh Rai. The team is focused on corporate support and regularly handles IP issues arising from transactional work.

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India: Investment funds

Within Mumbai, AZB & Partners is a second tier firm,

AZB & Partners acts for clients on fund structuring and formation matters, and is praised for its private equity work. The ‘influential’ Zia Mody is recommended.

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India: Projects and energy

Within Mumbai, AZB & Partners is a first tier firm,

AZB & Partners is a leading firm in the projects sector and provides extensive advice on power, oil and natural gas, mining, and telecoms projects. Shameek Chaudhuri advised Tata Steel as borrower on a INR228bn term loan facility for an integrated steel plant project. Bahram Vakil is a pioneering figure in the projects space.

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Within New Delhi, AZB & Partners is a second tier firm,

AZB & Partners’ team mainly operates out of Mumbai under the leadership of Bahram Vakil, with Gautam Saha the main contact in Delhi. In 2013, it advised IFC and India Clean Energy II on their acquisition of convertible debentures in NSL Renewable Power.

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India: Real estate

Within Mumbai, AZB & Partners is a first tier firm,

AZB & Partners’ practice advises developers, institutional lenders, borrowers and investors on the full range of real estate matters, with a strong reputation for acquisitions. Clients include HDFC Bank, Cabot Corporation and GIC Real Estate. Krishna Bharathan and Kalpana Merchant are recommended.

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Within New Delhi, AZB & Partners is a second tier firm,

At AZB & Partners, Mumbai-based Kalpana Merchant heads a capable team with solid real estate experience spanning acquisitions, leasing, licensing, developments, and sale and leaseback arrangements. Hardeep Sachdeva is the key contact in Delhi and recently advised Xander Investments on its $34m investment in a retail mall project in Chennai.

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India: TMT

Within Mumbai, AZB & Partners is a second tier firm,

AZB & Partners’ practice successfully combines corporate expertise with regulatory knowledge to advise technology, media and telecoms clients. It is particularly active on TMT transactions, and acted for Loop Mobile on the proposed sale of its telecoms business to Bharti Airtel. Shuva Mandal and Gautam Saha are highly recommended.

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Within New Delhi, AZB & Partners is a first tier firm,

AZB & Partners is particularly active out of Mumbai, and regularly advises technology users and suppliers on corporate deals. Gautam Saha advised Airtel Uganda on its acquisition of Warid Telecom Uganda. Other clients include Tech Mahindra, Satyam Computer Services and MacRitchie Investments.

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India: Tax

Within Mumbai Leading individuals

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Within New Delhi, AZB & Partners is a first tier firm,

Managing partner Ajay Bahl heads the established tax practice at AZB & Partners, which is praised for its strength in depth and holistic approach. The firm strikes a healthy balance between transactional support and strategic tax litigation, with tax structuring, corporate tax planning and transfer pricing all being key areas of strength. Clients include News Corporation, STAR TV and SABMiller. Sunil Agarwal is also recommended.

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