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AZB & Partners

AZB HOUSE, PENINSULA CORPORATE PARK, GANPATRAO KADAM MARG, LOWER PAREL, MUMBAI 400 013, INDIA
Tel:
Work +91 22 6639 6880
Fax:
Fax +91 22 5639 6888
Email:
Web:
www.azbpartners.com/
Bangalore, Mumbai, New Delhi, Pune

India

Antitrust and competition
Antitrust and competition - ranked: tier 2

AZB & Partners

AZB & Partners’ practice head Samir Gandhi successfully appealed a Competition Appellate Tribunal order pertaining to an abuse of dominance case for Toyota Kirloskar Motor and is representing Google in the CCI’s investigation into alleged anti-competitive conduct. Recently promoted partner Rahul Rai and senior associate Aditi Gopalakrishnan are also noted. Nisha Kaur Uberoi and Percival Billimoria left to head Trilegal’s and Cyril Amarchand Mangaldas’ competition practices, respectively.

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Aviation (including aerospace and defence)
Aviation (including aerospace and defence) - ranked: tier 2

AZB & Partners

AZB & Partners advises on the commercial and regulatory aspects of aircraft leases and sales, as well as handling financing and foreign direct investment issues. Ashwin Ramanathan is the practice head. Zubin Mehta is now with Veritas Legal.

Leading individuals

Ashwin Ramanathan - AZB & Partners

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Banking and finance
Banking and finance - ranked: tier 1

AZB & Partners

AZB & Partners advises a mix of lenders and borrowers on the full gamut of financial matters, handling a range of corporate, acquisition and project finance transactions along with strategic acquisitions in the Indian private banking sector. Highlights included advising International Finance Corporation on a $10m loan extended to a Myanmar-based borrower. Infrastructure expert Bahram Vakil heads the team along with Ashwin Ramanathan, who focuses on structured finance transactions, and Gautam Saha. Founding partner Zia Mody is a highly regarded figure in the market.

Leading individuals

Ashwin Ramanathan - AZB & Partners

Bahram Vakil - AZB & Partners

Zia Mody - AZB & Partners

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Capital markets
Capital markets - ranked: tier 1

AZB & Partners

AZB & Partners is ‘well-equipped to handle the full scope of domestic and international capital markets transactions’, advising a wide spectrum of clients on a mix of debt and equity offerings including IPOs, Masala bonds and non-convertible debentures and warrants. Recent highlights include advising issuer BSE on its high-value IPO, the first IPO listed by a stock exchange in India, and acting for a number of underwriters including Axis Capital, Citigroup, HDFC Bank and Morgan Stanley India on the IPO of RBL Bank. New Delhi-based Madhurima Mukherjee advises on initial and follow-on public offerings, debt issuances and institutional placements, and Mumbai-based Varoon Chandra has notable expertise in foreign currency convertible bonds. Endurance Technologies, Barclays and Everstone Capital are also key clients.

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Corporate and M&A
Corporate and M&A - ranked: tier 1

AZB & Partners

AZB & Partners provides ‘swift, helpful and great quality advice’, handling the full range of merger, acquisition, joint venture and corporate regulatory work. The team recently advised Tata Sons on its INR350m acquisition of AirAsia from Telestra Tradeplace, and also acted for Tata Chemicals on its sale of its urea business in Uttar Pradesh to Yara Fertilisers, a matter valued at INR2670 crores. Senior partner Zia Mody is a leading figure, along with Ajay Bahl, who has significant tax expertise.

Leading individuals

Ajay Bahl - AZB & Partners

Zia Mody - AZB & Partners

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Dispute resolution
Dispute resolution - ranked: tier 2

AZB & Partners

Rajendra Barot is the main practitioner at AZB & Partners, which regularly appears in matters before the High Court and Supreme Court of India. Clients have included General Atlantic, Boeing, Fairfax and Nalanda Capital.

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Insurance
Insurance - ranked: tier 2

AZB & Partners

The practice at AZB & Partners advises major global insurance and re-insurance companies on joint ventures, structuring and foreign direct investment regulations, entry strategy, and compliance matters. Practice head Rajendra Barot assisted Munich Re Group with the acquisition of equity shares by Munich Health Holding from Apollo Energy, and the team advised HDFC and Max Group on the proposed merger of their life insurance businesses. Darshika Kothari and recently promoted partner Arvind Ramesh are also noted.

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Intellectual property
Intellectual property - ranked: tier 3

AZB & Partners

AZB & Partners’ IP protection expertise ranges from trade marks, domain names and patents to trade secrets and confidential information, and includes litigation and enforcement proceedings. Nandan Pendsey conducted a due diligence exercise of IP assets, including trade marks and domain names, for DST Global.

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Investment funds
Investment funds - ranked: tier 1

AZB & Partners

Zia Mody leads the practice at AZB & Partners, which counts KKR, Ivanhoé Cambridge, and Goldman Sachs Investment Holdings (Asia) among its clients. Hardeep Sachdeva advised Kautilya Finance on its investment in non-convertible debentures from Saha Infratech, K World Estate, and E-Homes Infrastructures, and Anil Kasturi advised Warburg Pincus on its acquisition of a majority stake in Stellar Value Chain Solutions. Darshika Kothari and Ashwath Rau are also noted.

Leading individuals

Ashwath Rau - AZB & Partners

Zia Mody - AZB & Partners

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Projects and energy
Projects and energy - ranked: tier 2

AZB & Partners

At AZB & Partners, highlights included advising Sagitaur Ventures, a leading private solar park developer, on the drafting, review and negotiation of project contracts for the development of a 200MW integrated solar park, and acting for Orange Renewable Power on the sale and purchase agreements for its photovoltaic solar modules. Bahram Vakil has significant banking and finance expertise, Prashanth Sabeshan is recommended for energy sector matters, and Gautam Saha is the key contact for M&A and private equity deals.

Leading individuals

Bahram Vakil - AZB & Partners

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Real estate and construction
Real estate and construction - ranked: tier 2

AZB & Partners

AZB & Partners advises on purchase, leasing and licensing arrangements, sale and lease-back transactions, joint development agreements, and investments, and regulatory and compliance issues. Hardeep Sachdeva advised the Xander Group on the formation of a joint venture with APG Group and Bharti Realty on its acquisition of an integrated retail development project in Aerocity from Delhi Airport. Sai Krishna Bharathan is also noted.

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TMT
TMT - ranked: tier 3

AZB & Partners

Gautam Saha and Srinath Dasari head the practice at AZB & Partners, which is recommended for TMT M&A and private equity investment transactions. Key clients include Twitter, SoftBank Group, Norwest Venture Partners and Google. Chetan Nagendra and Nanditha Gopal are recommended.

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Tax
Tax - ranked: tier 1

AZB & Partners

Ajay Bahl and Deepak Chopra head the team at AZB & Partners, which advises on contentious and non-contentious tax matters across a range of sectors. Bahl and Sunil Agarwal advise 21st Century Fox and News Corporation on litigation and various tax and transfer pricing issues, and Chopra represented PepsiCo India before the Delhi High Court in challenging the Income Tax Appellate Tribunal’s decision to remit an AMP matter for re-examination.

Leading individuals

Ajay Bahl - AZB & Partners

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Further information on AZB & PARTNERS

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India

Offices in Bangalore, New Delhi, Mumbai, and Pune

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