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Legal Capsule by Veyrah Law

CONSIDERING LITIGATION IN INDIA |  PART V – APPROACHING THE CORRECT JUDICIAL FORUM! Introduction This article is in continuation to the series of earlier articles which deal with various aspects to bear in mind while seeking to litigate in India. In our past articles, we have discussed multiple key facets such as; the need to anticipate and strategize a dispute well in advance, the importance of facts in a dispute scenario, etc. While the above points are important, one cannot neglect another important aspect of litigation i.e., choosing the most appropriate forum for the proceedings. This plays a critical role to determine the course, cost, duration, direction etc., of the dispute.  Furthering commercial objective While litigation in India is usually long drawn and cumbersome, choosing the correct judicial forum may allow a relatively shorter time frame for achieving the desired settlement. A party can analyze the forum which provides the fastest dispute resolution, as opposed to appr
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Cyril Amarchand Mangaldas tops League Table for Legal Advisors to M&A deals during Jan - Sep 2020

Cyril Amarchand Mangaldas (CAM) topped the Venture Intelligence League Table for Legal Advisor to M&A Transactions for the nine months ending September 2020. CAM advised M&A deals worth $20.9 billion (across 54 qualifying deals). It was followed by AZB & Partners ($15.8 billion across 40 deals) and Davis Polk & Wardwell ($10.2 billion across 2 deals) in second and third place respectively. Trilegal ($6.5 billion across 23 deals) and Khaitan & Co. ($6.2 Billion across 40 deals) completed the top five. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE and M&A transactions advised by Financial and Legal Advisory firms. Among the largest deals in this quarter, AZB, Davis Polk & Wardwell, Freshfields Bruckhaus Deringer and J Sagar Associates (JSA) advised $4.5 Billion investment by Google into Reliance Jio platforms . CAM, Khaitan, Shardul Amar

Legal Capsule by LexCounsel

                                      Part I – Labour Code 2020 On September 23, 2020, the Parliament of India passed 3 (three) long awaited labour codes, namely (a) the Industrial Relations Code Bill, 2020; the Code on Social Security Bill, 2020; and the Occupational Safety, Health and Working Conditions Code Bill, 2020. The labour codes subsequently received the Presidential assent on September 29, 2020, marking a major milestone in ushering reforms in the labour sector.   Some of the key changes/additions introduced by the Industrial Relations Code Bill, 2020 are discussed in the first series (Part I) hereunder. Changes introduced through the Code on Social Security Bill, 2020 will be discussed in second series (Part II) of the Labour Code article.   Industrial Relations Code, 2020 The Industrial Relations Code Bill, 2020 (“IR Code”) was first introduced in November 2019 and was thereafter referred to the Standing Committee on Labour 2019-2020 (Standing Committee) for its evaluation

Google-Jio deal helps Morgan Stanley retain top spot in League Table for Transaction Advisors to M&A deals in Jan - Sep 2020

Morgan Stanley topped the Venture Intelligence League Table for Transaction Advisor to M&A Deals for the nine months ending September 2020. Morgan Stanley advised the $10.1 billion strategic investment by Facebook and Google into Reliance Industries' telecom arm Jio platforms (among other Private Equity investments in the company). JM Financial ($3.6 billion across 4 deals) and Metta Capital ($3.41 billion across 3 deals) took the second and third spots respectively. Citi and ICICI Securities ($3.37 billion) took the fourth spot and SBI Caps ($1.5 billion across 1 deal) completed the top five. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE and M&A transactions advised by Financial and Legal Advisory firms. Metta Capital, JM Financial, Citi, ICICI Securities, BDO India , Ernst & Young , Deloitte and PwC advised Reliance group acquisition of Future

AZB tops League Table for Legal Advisors to Private Equity deals in 9M 2020

In a year thus far dominated by the mega investments in Jio Platforms and Reliance Retail Ventures,  AZB & Partners topped the Venture Intelligence League Table for Legal Advisor to Private Equity Transactions (in Indian companies) for the nine months ending September 2020. AZB advised deals worth $14.8 billion (across 53 qualifying deals) during the period. Davis Polk & Wardwell (which advised the multiple Private Equity investments worth $12.4 billion in Jio Platforms and Reliance Retail Ventures ) and Shardul Amarchand Mangaldas (SAM) ($10.4 billion across 28 deals) took the second and third spot respectively. Cyril Amarchand Mangaldas (CAM) ($5.1 Billion across 44 deals) and Simpson Thacher & Bartlett ($3.6 Billion across 5 deals) completed the top five. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-based companies, are based on the value of PE and M&A transactions advised by Financial and

Morgan Stanley retains top spot in League Table for Transaction Advisors to PE deals in 2020

Morgan Stanley, which was the advisor to the recent Private Equity investment s in Reliance Retail Ventures ( $2.3 billion so far ), as well the spate of investments in Reliance Jio Platforms earlier in the year ( including over $9.8 Billion from PE firms ), topped the Venture Intelligence League Table for Transaction Advisor to Private Equity Transactions for the first nine months of 2020. PE firms that invested in Reliance Retail in Q3'20 include Silver Lake, KKR and General Atlantic . The homegrown Avendus - which advised deals including  the $225 million fund raise by Dream11.com from TPG Capital, Tiger Global, ChrysCapital and other investors  - claimed the second spot with $1.6 Billion (across 18 qualifying deals). Deloitte with $752 million, JP Morgan ($700 million) and KPMG ($568 million) completed the top five for the nine months ended September 2020. The  Venture Intelligence League Tables , the first such initiative exclusively tracking transactions involving India-

RIL Group deals account for 45% of $26.8 B PE-VC investments in 2020; Q3 witnesses 48% fall

Press Release:  Private Equity - Venture Capital (PE-VC) firms invested $26.8 Billion (across 547 deals) in the first 9 months of 2020, shows data from  Venture Intelligence , a research service focused on private company financials, transactions and their valuations. The $12.1 Billion* invested by global private equity and sovereign wealth funds in Reliance Industries’ Jio Platforms ($9.9 Billion) and Reliance Retail ($2.3 Billion) accounted for 45% of the total PE-VC investment value in 2020. (*This figure excludes the $10.2 Billion in strategic investments by Silicon Valley tech giants Google and Facebook). The Reliance deals have managed to arrest the overall decline in PE-VC investment figures in 2020 to a marginal 2%, c ompared to $27.4 Billion (across 750 deals) in  the first nine months  of 2019.   (Note: These figures include Venture Capital investments, but exclude PE investments in Real Estate).  With the mega investments in Reliance Jio coming to a pause, PE-VC investments