Veena Sivaramakrishnan > Shardul Amarchand Mangaldas & Co > New Delhi, India > Lawyer Profile

Veena Sivaramakrishnan

91 88281 05554 veena.sivaramakrishnan@amsshardul.com

Work Department

 Banking and Finance

Position

Ms. Veena Sivaramakrishnan is a key Partner in the Firm’s Banking and Finance and Insolvency and Bankruptcy Practice with over 17 years of experience. She leads the practice in Mumbai and has significant experience in Banking, Financial Services Regulatory, Financing, Derivatives, Insolvency, Bankruptcy and Restructuring.

Reportedly, clients praise her for her ‘firm grasp of banking as well as applicable regulations’ with her vast experience in derivatives highly valued. She has the ability to ‘provide commercial inputs over and above the legal advice’ and to ‘offer alternative solutions’. Clients describe her as ‘proactive, approachable, responsive and timely, good technical skills, very professional, very sharp and relationship driven.’

Veena has been a part of many “firsts” for her area of practice, by either being involved in the mandate or by advising the industry on such a transaction. These include (a) foreign bank – Indian bank amalgamation of DBS Bank India Limited and Lakshmi Vilas Bank, (b) bank- NBFC merger of Capital First and IDFC Bank, (c) first successful debt and equity restructuring under the SDR regime of RBI, involving the sale of Hyatt Hotels Pune to SAMHI group, (d) legal validity to OTC derivatives under Indian laws and the introduction of Credit Derivatives, (e) successful restructuring outside IBC of sale of Leela  Hotels to Brookfield, (f) issuance of the first partly paid NCD structure, (g) winding down of regulated entities such as banks and NBFCs in India, (h) setting up of a special liquidity trust under the directions of the Government, to cater to COVID-19 related defaults, (i) asset monetisation structures for easing liquidity to NBFCs, (j) corporation insolvency resolution of Alok Industries Limited, Essar Steel Limited, (k) liquidation of Falcon Industries and Siddhivinayak Industries, (l) resolution of Altico Capital India Limited, outside of IBC, etc.

Veena has worked at Juris Corp for over a decade across varied areas of practice impacting banks and financial institutions and at ICICI Bank mainly for its offshore operations. While at ICICI, she was based in Canada and worked in setting up the wealth management subsidiary, and worked with Davis Polk and Wardwell in New York on secondment primarily to set up the New York branch of ICICI.

She has been consistently recognized by prestigious Indian and international publications individually and within her areas of practice. Latest of these include Distinguished Practitioner, Asia law, 2021, Recognised as “Highly Regarded Individual” for Restructuring and Insolvency, Banking, Capital Markets: Structured Finance and Securitisationby IFLR 100, 2021. Leading Lawyer for Banking & Finance by Asia Law Profiles for the years 2015 – 2021. Band 2 Partner for Banking & Finance by Chamber and Partners for the years 2014 – 2021.

Memberships

Bar Council of Maharashtra and Goa

Education

She holds a B.A. B.L, (Hons.), from National Academy of Legal Studies and Research, Hyderabad