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AZB & Partners tops League Table for Legal Advisors for M&A deals in H1 2019

AZB & Partners topped the Venture Intelligence LeagueTable for Legal Advisor to M&A Transactionsin H1 2019. AZB advised M&A deals worth $10.8 Billion (across 34 qualifying deals). Shardul Amarchand Mangaldas (SAM, $9.1 Billion across 25 deals) and Cyril Amarchand Mangaldas (CAM, $8 Billion across 21 deals) took the second and third spot. Khaitan & Co. ($5.1 Billion across 43 deals) and L&L Partners (earlier Luthra & Luthra) with ($5.1 Billion across 13 deals) completed the top five.

The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
AZB and SAM advised the GRUH Finance - Bandhan Bank merger and Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. CAM, J Sagar Associates and L&L Partners acted as legal advisors to the Rural Electrification Corpor…
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Considering Litigation in India: Legal Capsule by Veyrah Law

Considering Litigation in India | Part I – Beware of What You Wish For!
It is a common view among members of the business community that engaging in litigation is a time consuming and distracting exercise. It takes away precious resources from the business and management, which can instead be productively deployed in enhancing business value. But, sometimes litigation is inevitable. From an Indian context, in many cases, it is unavoidable. However, it should ideally only be a means to achieve a larger commercial objective. But, all foreign investors and businesses should bear in mind that the realities of enforcement in India are very different from a developed market. The Indian judicial system is agonizingly slow and eventually if one does obtain a final decision from the first level courts, they may still have to contest the verdict through multiple appellate levels. The World Bank’s 2019 report for “Doing Business” ranks India at 163 out of 190 countries for enforcement of contrac…

AZB & Partners tops League Table for Legal Advisors to Private Equity deals in H1 2019

AZB & Partners topped the Venture Intelligence LeagueTableforLegal Advisor to PrivateEquity Transactionsin H1 2019. AZB advised PE deals worth $7.3 Billion (across 55 qualifying deals) during the period. Shardul Amarchand Mangaldas (SAM) ($5.2 Billion across 28 deals) and Cyril Amarchand Mangaldas (CAM) ($3.2 Billion across 32 deals) took the second and third spot. Khaitan & Co. ($3.1 Billion across 34 deals) and Trilegal ($2.6 Billion across 19 deals) completed the top five.

The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
AZB and SAM advised Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. AZB and CAM advised Carlyle's $678 million investment in SBI Life Insurance. CAM, SAM and Trilegal advised SSG Capital’s investment in GMR Airports Holdings.

Among for…

Deloitte tops League Table for Transaction Advisors to M&A deals in H1 2019

Deloitte topped the Venture Intelligence LeagueTableforTransaction Advisor to M&A Deals in H1'19. Deloitte advised M&A deals worth $2.8 Billion (across 6 qualifying deals) during the period. Ambit Corporate Finance ($2.4 Billion across 4 deals) and Ernst & Young ($2 Billion across 7 deals) took the second and third spot.  KPMG ($2 Billion across 6 deals) and Axis Capital ($1.6 Billion across 2 deals) completed the top five.

The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
The largest deal advised by Deloittewas Power Finance Corporation's merger with Rural Electrification Corporation for $2.1 Billion. Ambit Corporate Finance advised Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. Ernst & Young advised the sale of Tata Chemical's branded …

Ambit tops League Table for Transaction Advisors to Private Equity deals in H1 2019

Ambit Corporate Finance topped the Venture Intelligence LeagueTableforTransaction Advisor to Private Equity Transactions for H1 2019. Ambit advised PE deals worth $2.3 Billion (across 4 qualifying deals) during the period. Edelweiss Financial Services ($589 million across 4 deals) and Credit Suisse ($560 million across 2 deals) took the second and third spot. KPMG ($389 million across 3 deals) took the fourth spot. PwC ($610 million worth 3 deals) and Morgan Stanley (Blackstone’s $310 million acquisition of EsselPropack) shared the fifth spot in H1 2019. 

The Venture Intelligence League Tables, the first such initiative exclusively tracking transactions involving India-based companies, are based on value of PE and M&A transactions advised by Transaction and Legal Advisory firms.
Ambit Corporate Finance advised Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries. Edelweiss Financial Services advised the buyout of Sterlite Investment Managers owne…

Union Budget Analysis 2019 - by Team ELP

Extract from the Preface by Suhail Nathani, Managing Partner:
In the first budget, post the thumping victory in the elections, the Finance Minister has been rich on intent and has something to offer every constituency – from startups to NBFCs and everyone in between.
There are full marks for the path ahead – reform in FDI, ‘ease of living’ through ‘less government and maximum governance’, infusion of capital in the PSU banks, government guarantees for lending to NBFCs, strategic disinvestment and promise of several other reforms.
Even in the taxation realm, while there are increase in tax surcharges for those earning above 2 crores per year (clearly not welcomed by those already paying high taxes), 99.3% of corporates will see tax rates remain the same or reduced. The administration of tax is also reformed – most notably with a plan to reduce legacy litigation in indirect taxes breaking free from years of prolonged litigation and uncertainty. Specifically, on the direct tax front, th…

Legal Capsule by LexCounsel

CYBERTURFING – SHROUDED PERILS IT POSES AND THE APPLICABLE LAW
‘Cyberturfing’ is the online equivalent of the off-line ‘astroturfing’, a term said to be coined by a US Senator back in 1985 and is understood to be a type of deceptive marketing or practice designed by marketers to create a false impression that a campaign has developed authentically and organically but in reality is powered by someone else behind the scenes1. Classic astroturfing involves the use of paid agents to falsely represent popular sentiment surrounding a product or a service2. As a result, consumers ‘follow the herd’3 as against the authentic grass root movements which operate at local level with community volunteers having a primary goal to support a local or a global cause considered good for the society or environment4.
Emergence of Cyberturfing in the Digital Age
Cyberturfing has become a powerful and efficient strategy of many organizations. Internet has offered a broader arena to practice Cyberturfing which …