Lakshmikumaran & Sridharan > New Delhi, India > Firm Profile

Lakshmikumaran & Sridharan
5 LINK ROAD
JANGPURA EXTENSION
NEW DELHI 110 014
India

India > Tax Tier 1

Lakshmikumaran & Sridharan‘s general ‘know-how as well as soft and interpersonal skills‘ supplement its ‘patient and very even-tempered‘ team, which has particular expertise in handling indirect tax matters. Founding partner V. Lakshmikumaran is the key name here, along with Ravi Raghavan and Charanya Lakshmikumaran, for whom recent work has included litigation over the carrying forward of credit to the newly implemented GST regime. There is also a significant direct tax offering, led principally by S. Vasudevan and Amar Gahlot, featuring advice on income tax assessments, M&A transactions, corporate expansions and transfer pricing disputes before the ITAT. The practice also has a reputation for establishing new jurisprudence; it recently represented camara companies Sony, Nikon and Canon in Supreme Court proceedings which established the jurisdiction of the Indian tax investigations authorities.

Practice head(s):

Testimonials

‘All the partners and people within L&S are very professional. They have both know-how as well as soft and interpersonal skills. They put you at ease with Indian tax requirements as well as the Indian business and administration environment.’

‘The team are very prompt to answer questions. They understand business and the difficulties of their clients, and are patient and very even-tempered. This is much appreciated as we are coming to them, most of the time, with very difficult business and tax questions.’

‘L&S examine each matter in detail and discuss the various possibilities, but finally provide clear advice and maintain a high quality of work. They also tell us when litigation is unlikely to succeed.’

Key clients

Sony, Nikon and Canon

Arvind Beauty Brands Retail

Vertiv Energy

National Internet Exchange of India

Jaquar and Company

Sun Pharma Laboratories

Eris Lifesciences

Genus Power Infrastructures

Gas Authority of India

SC Johnson India and Unilever group

Nestle India, Johnson & Johnson, Jubilant Foodworks, Apex Meadows, Emmar Mgf Land

Jyothy Laboratories

Godrej Agrovet

VKC Footwear

Ultratech Cement, Nuvoco Cement, Lafarge, Sanghi Cement

Benaras Hotels Ltd. (Taj Group)

Work highlights

  • Representing Sony, Nikon and Canon in Supreme Court proceedings concerning the jurisdiction of the Indian tax investigation authorities.
  • Representing Arvind Beauty Brands Retail, Vertiv Energy, National Internet Exchange of India, Jaquar and Company in High Court proceedings pertaining to the carrying forward of credit from an earlier tax regime to the newly implemented GST regime.
  • Advising Sun Pharma Laboratories, Eris Lifesciences and Genus Power Infrastructures on the curtailment of exemption benefits, which were available to taxpayers under the earlier tax regime, under the new GST regime.

India > Real estate and construction Tier 1

Lakshmikumaran & Sridharan‘s team advises a range of corporates and ultra HNW individuals on the acquisition or sale of industrial or residential land. Many of the properties are high-value and the team also advises on all related issues such as government incentive schemes and stamp or other tax issues.

India > Antitrust and competition Tier 2

At Lakshmikumaran & Sridharan, the antitrust practice group has experience acting for domestic and international enterprises on a wide range of matters, but is particularly well known for abuse of dominance cases. Led by Charanya Lakshmikumaran, the team has sector strength across the manufacturing, automotive, and packaging industries, advising clients on matters relating to anti-competitive agreements and representing them in proceedings before the CCI. Neelambera Sandeepan has appeared before the CCI, NCLAT and various High Courts in high-profile cartel cases.

Practice head(s):

Other key lawyers:

Key clients

Plasser India Pvt. Limited

Indian Corrugates Case Manufacturers’ Association

Federation of Corrugated Box Manufacturers

Honda Siel Cars Ltd.

Glencore Agriculture India Pvt. Ltd.

Work highlights

  • Filed an appeal before the NCLAT on behalf of Plasser contesting an order passed by the CCI dismissing information regarding a bid-rigging arrangement filed by Plasser.
  • Defending the Indian Corrugated Case Manufacturers’ Association before the CCI against an allegation by a regional paper mills association of anti-competitive agreements amongst corrugated box manufacturers and their association.
  • Representing the Federation of Corrugated Box Manufacturers in bringing a case alleging an all-India cartel amongst kraft paper manufacturers and their associations.

India > WTO/international trade Tier 2

Lakshmikumaran & Sridharan has over two decades of experience in trade remedy matters. Domestic clients and foreign manufacturers, often in the steel, petrochemicals and infrastructure industries, make up the key client roster, including Thailand-based Fine Metal Technologies. Managing partner V Lakshmikumaran heads the practice and advises on international taxation, customs matters and foreign trade policy, as well as trade remedy laws, whilst Chennai-based R Parthasarathy is a key name for trade litigation. The group also handles anti-dumping investigations and enjoys a steady stream of mandates from governmental entities.

Practice head(s):

Other key lawyers:

Key clients

Kumho Petrochemical Co. Ltd., South Korea

Fine Metal Technologies Public Company Limited, Thailand

Marubeni Thailand Co., Ltd., Thailand

Furukawa Sangyo Kaisha (Thailand) Ltd., Thailand

Saudi Ethylene and Polyethylene Company, Saudi Arabia

Joint Stock Company Solikamskbumprom, Russia

BorsodChem Zrt, Hungary

Covestro Deutschland AG, Germany

Jushi Egypt For Fiberglass Industry S.A.E., Egypt

Zhongce Rubber (Thailand) Co., Ltd., Thailand

Work highlights

  • Advising Kumho Petrochemical Co. Ltd. in relation to a countervailing duty investigation on imports of styrene butadiene rubber by India.
  • Advising Indorama Polyester Industries Public Company Limited in relation to a sunset review of anti-dumping duty on imports of fully drawn yarn from China and Thailand.
  • Advising Columbus Stainless Pty Ltd. and Acerinox Europa SA in relation to a sunset review of anti-dumping duty on imports of cold-rolled flat products of stainless steel with a width from 600mm to 1250mm and above 1250mm for non-bona fide usage.

India > Data protection Tier 3

Lakshmikumaran & Sridharan‘s data protection/TMT practice serves corporates, public sector bodies and not-for-profit organizations on all areas of data protection, governance, regulatory and data breaches, combined with IP protection and dispute resolution. Based in New Delhi, Charanya Lakshmikumaran heads the regulatory and appellate litigation practice and Prashant Phillips advises on all areas of data protection and data privacy – this combined with expertise in IP protection, especially patents and industrial designs.

Key clients

Amazon

Cashgrail Private Limited

Predible Health

Carrier Midea India

Poker Sports League

Hike Messenger

Dream 11

Work highlights

  • Advised Amazon Payments on a range of matters including comparative analysis of issues and application of law under GDPR and the proposed Personal Data Protection Bill and impact on IP rights; contract tracing apps and impact of  the P2B Regulations issued by the European Parliament.      
  • Advised Cashgrail Private Limited on privacy policies for use for  gaming platforms and compliance requirements for hosting cash and non- cash based games on the Google Play Store.
  • Advised Predible Health on the treatment of health data in India for the purposes of drafting research agreements and under the Personal Data Protection Bill for cross border transfer of health data and related IP issues.

Intellectual property Tier 3

Lakshmikumaran & Sridharan offers dedicated IP and technology law teams that secure and enforce patent rights for both global and Indian businesses and this includes areas such as plant variety protection, licensing and valuations. It is especially skilled in drafting patent specifications including for international, US and EU applications that can be filed directly. Malathi Lakshmikumaran has decades of experience in the field of biochemistry and molecular biology with an expertise in plant genomics, DNA fingerprinting and genetic transformation and heads the life science group. Konpal Rae heads the IP group in Bangalore and focuses on patent and design protection for multinational, domestic and start-up clients. Other partners, including Prashant Phillips and Srinivasan T, provide deep experience in areas such as organic and inorganic chemistry, pharmaceuticals and engineering while other partners including Sudarshan Singh Shekhawat have a focus on patent and trade marks litigation in a variety of tribunals and courts including the Supreme Court of India.

Practice head(s):

Testimonials

IP is a complex field on its own and having a good team of experts who can help navigate through this minefield is important. Lakshmikumaran & Sridharan don’t just have the extensive experience and knowledge of the IP law, but also the ability to provide the same level of professionalism as their MNC clients compared to a startup or single investor. Even their fee structure is very much tailored around the clients’ needs than thousands of other IP law firms around the world who are very rigid when it comes to fee structure. I have already recommended Lakshmikumaran & Sridharan to various people and companies that I know and will continue to whole heartedly recommended them even in the future.’

Dr Gaurav Gupta, who heads up the IP team in New Delhi is a stellar professional and a very humble person. He had always gone above and beyond the call of duty when necessary and making sure the clients needs are fully understood and the services are professionally delivered, and continuing to maintain their outstanding track record.’

India > Corporate and M&A Tier 4

Steady growth at Lakshmikumaran & Sridharan’s corporate practice saw the addition of new partners in Delhi — including Gaurav Dayal and Kunal Arora — and Bangalore-based Hemant Krishna, whose in-house experience in the technology sector reflects substantial firm growth in the e-commerce, online gaming, fintech and other innovative industries. Pharmaceuticals and energy are also focus sectors. Badri Narayanan leads the practice, offering M&A expertise fully integrated into the firm’s leading tax offering.

Practice head(s):

Other key lawyers:

Sudish Sharma; Gaurav Dayal; Kunal Arora; Hemant Krishna; Noorul Hassan; Asish Philip

Testimonials

‘The team at L&S is quite diverse in their service related to the various legislations directly impacting corporates. They have a very experienced team and provide the relevant advice to clients.’

‘ They are diligent and thorough in reviewing the queries and providing customided response depending on the situation.’

Key clients

Intellicar Telematics

Penguin Random House

Prism Cement

Predible Health Private Limited

Supply Chain Labs

Work highlights

  • Advised Karan Makhija, the CEO and promoter shareholder of Intellicar Telematics on the acquisition of Intellicar Telematics by TVS Motors.
  • Advised Penguin Random House India Private Limited with respect to a restructuring exercise involving amalgamation of Hind Pocket Books Private Limited, its group company.
  • Assisted Prism Cement on consolidating with the corporate structure of the group by way of a composite scheme of amalgamations and demergers.

The firm: Lakshmikumaran & Sridharan (LKS) is a premier full-service Indian law firm specializing in areas such as corporate and M&A/PE, dispute resolution, taxation and intellectual property.

The firm, through its 14 offices across India works closely on litigation and commercial law matters, advising and representing clients both in India and abroad.

The firm has handled more than 30,000 litigation cases before various forums including 2,000 cases before the Supreme Court of India. Over the last 37 years, the firm has worked with over 15,500 clients which range from start-ups, small and medium enterprises, to large Indian corporates and multinational companies.

The professionals within the firm bring diverse experience to service clients across sectors such as commodities, automobile, manufacturing, healthcare, IT/ITeS, FMCG, hospitality, real estate, petrochemicals, e-commerce, fintech, big data, renewables, cryptocurrency, gaming and sports. The firm takes pride in the value-based, client-focused approach that combines knowledge of the law with industry experience to design bespoke legal solutions.

The firm’s driving principles to achieve our vision are integrity, knowledge, innovation, and collaboration

International desk: The firm has a focused International desk which comprises of dual-qualified lawyers (India and US/ Europe mostly) with expertise across practice areas such as cross border M&As and investments, anti-trust / competition law, international trade law and international commercial arbitration. These attorneys have significant experience in advising clients across multiple jurisdictions such as US, UK, Italy, Germany, Japan, Singapore, Korea, China, Australia, Middle East, Africa etc.

International presence and alliances: LKS is an India member firm of a top International legal network – Terralex. & First Law International.

Practice areas:

  • International arbitration and commercial disputes
  • Aviation
  • Banking and finance
  • Competition/antitrust
  • Corporate
  • M&A and PE/VC
  • Data protection and technology
  • Tax (indirect, GST, direct, M&A and international tax)
  • Insolvency
  • Customs
  • International trade and WTO
  • IPR
  • Employment
  • Environment
  • Food safety
  • Infrastructure
  • Real estate

Main areas of practice
Tax (indirect, GST, direct, M&A and international tax): With experience and years of knowledge in direct, indirect and international tax, the team handles tax disputes and represents clients at various levels from the quasi-judicial authority up to the Supreme Court of India. The team advises on transitional provisions and helps in re-designing supply chain, training, hand-holding and compliance review for assessing GST readiness. Additionally, the attorneys are adept in advising corporations on issues relating to business re-structuring, setting up new units, withholding taxes, royalty and fee for technical services, transfer pricing and contracting.

International arbitration and commercial disputes: Apart from representing clients across various authorities, tribunals and courts, the team specialises in international as well as domestic arbitrations, under institutional rules and ad hoc arbitrations. The team has represented arbitration cases in all forums, in every possible format.

Competition: The competition law team has expertise in drafting and reviewing agreements, obtaining M&A approvals, representing clients before judicial and statutory authorities and framing competition compliance strategies for enterprises across various sectors.

IPR: The firm’s internationally ranked multidisciplinary IPR team serves Indian and global businesses to obtain and enforce the entire spectrum of IPR. Services provided by L&S include opining on patentability, patenting, filing, prosecution, pre and post grant opposition, freedom-to-operate, due diligence, patent watch, evolving effective patent strategy, trademark registration and protection, anti-trust, plant variety protection (PVP), IP litigation and licensing of copyright to name a few.

Corporate, M&A and PE/VC: The team advises various leading Indian and multinational corporations across diverse sectors on matters pertaining to joint ventures, mergers, demergers, acquisitions, private equity and venture capital investments, legal due diligence, spin-offs, foreign direct investments and entry strategies, restructurings including global restructurings of various multinational companies, regulatory approvals, setting up of industrial plants in India, sale of businesses, distributorship and commercial advisory agreements in India, real estate, employment, compliances, ESOP schemes, drafting, vetting and negotiating of commercial contracts and other corporate transactional work.

Customs and international trade: The team caters to WTO and international trade disputes arising out of or involving India. The firm’s attorneys have handled more than 400 antidumping and anti- subsidy investigations initiated by India, EU, USA, Korea, Indonesia, South Africa and Turkey. The team also handles wide variety of matters pertaining to HS Classification, Customs Valuation, FTA, safeguards investigations, market access and national treatment.

Insolvency and bankruptcy: The team has been involved in several matters involving the Insolvency and Bankruptcy Code, representing both creditors as well as debtors before various company law and appellate tribunals across various sectors.

Environmental law: This team provides strategic and coherent advice to clients on issues pertaining to all aspects of environmental law such as air, water, forests, Hazardous substances, genetically modified organisms, biological diversity. The team has rich experience to conduct compliance audit, provide legal advice and represent clients before the National Green Tribunal, High Courts, and the Hon’ble Supreme Court of India in contentious matter.

Food safety law: The team offers advisory, litigation and consulting services to various stakeholders in the food chain in all areas of food law and procedures including classification of food/food ingredients under the Indian Food code, usage of food additives, packaging and labelling, nutritional/health claims, food recall, import procedure compliance, country of origin determinations, product approval and various other aspects of food law.

Real estate: The team is equipped to advise clients on all real estate related aspects, including local practices and requirements. The team has assisted government authorities, investors, financial institutions and other leading companies across various sectors, in relation to various aspects and commercial transactions involving real estate.

Employment: The team has rich experience in advising our multinational and domestic clients across sectors on various labour and employment issues by offering clear, business-friendly and pragmatic solutions.

Banking and finance: The team is well-positioned to support banking, corporate and cross-border financing requirements. It assists clients in structuring complex transactions that are successful and cater to regulatory and industry concerns.

Infrastructure and energy: The firm’s attorneys have been involved in various complex transactions and in framing model agreements with government agencies in various sectors where private entrepreneurship has shown interest.

Aviation: The team assists in structuring of transactions pursuant to legal and regulatory requirements pertaining to sale, purchase, wet and dry leasing of aircrafts, financing and chartering of aircrafts and buy back of planes. The firm advises on civil aviation requirements and approvals from Ministry of Civil Aviation extending to infrastructure and greenfield projects.

Data protection and technology: The team advises businesses, public sector bodies and not-for-profit organizations on all areas of data protection, privacy law, information governance and freedom of information. The team offers the best of both worlds: IP and regulatory affairs specialists who work directly alongside our privacy professionals.

DepartmentNameEmailTelephone
Indirect tax litigation, International arbitration V Lakshmikumaranlakshmi.kumaran@lakshmisri.com
Indirect tax litigation, General corporate and M&A, Food Law B L Narasimhannarasimhan.l@lakshmisri.com
Indirect tax (compliance), General corporate and M&A N Mathivananmathivanan.n@lakshmisri.com
IP (litigation) R Parthasarathypartha.r@lakshmisri.com
IP (advisory) Malathi Lakshmikumaranmalathi.l@lakshmisri.com
General corporate and M&A L. Badri Narayananbadri.n@lakshmisri.com
Direct, International and M&A tax S Vasudevanvasudevan.s@lakshmisri.com
Commercial litigation, Insolvency & restructuring Punit Dutt Tyagipunit.tyagi@lakshmisri.com
Competition law, Data protection and TMT Charanya Lakshmikumarancharanya.l@lakshmisri.com
International trade (WTO laws) Atul Guptaatul.gupta@lakshmisri.com
Data protection and TMT Prashant Phillipsprashant.phillips@lakshmisri.com
Food law Kunal Kishorekunal.kishore@lakshmisri.com
PhotoNamePositionProfile
Mr V Lakshmikumaran  photo Mr V Lakshmikumaran Managing Partner
Number of lawyers : 400+
at this office : 129
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Contacts : V Lakshmikumaran(lakshmi.kumaran@lakshmisri.com)