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Showing posts from October, 2019

Shardul Amarchand Mangaldas tops League Table for Legal Advisors to M&A deals in Jan - Sep 2019

Shardul Amarchand Mangaldas (SAM) topped the  Venture Intelligence League Table for Legal Advisors to M&A Transactions  in Jan - Sep 2019 advising deals worth $13.9 Billion (across 35 qualifying deals).  AZB & Partners  ($11.3 Billion across 41 deals) and  Cyril Amarchand Mangaldas  (CAM) ($11.0 Billion across 30 deals) took the second and third spot respectively. L&L Partners  ($9.2 Billion across 21 deals) and Khaitan & Co.  ($8.0 Billion across 65 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. SAM and AZB advised the GRUH Finance - Bandhan Bank merger and Brookfield's buyout of Pipeline Infrastructure from Reliance Industries . L&L Partners and SAM advised Bhushan Power and Steel takeov...

AZB & Partners tops League Table for Legal Advisors to Private Equity deals in Jan - Sep 2019

AZB & Partners topped the Venture Intelligence League Table for Legal Advisors to Private Equity Transactions in Jan - Sep 2019 advising deals worth $13 Billion (across 71 qualifying deals). Cyril Amarchand Mangaldas (CAM) ($8.3 Billion across 49 deals) and Shardul Amarchand Mangaldas (SAM) ($7.1 Billion across 47 deals) took the second and third spot respectively. Khaitan & Co. ($4.1 Billion across 54 deals) and Trilegal ($3.5 Billion across 26 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 CAM advised Brookfield's $3.7 Billion acquisition of Reliance Tower Infrastructure Trust . AZB and SAM advised Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries . AZB and CAM advised Carlyle's $678 ...

Arpwood tops League Table for Financial Advisors to M&A deals in Jan - Sep 2019

Arpwood Capital topped the Venture Intelligence League Table for Financial Advisors to M&A Deals for Jan - Sep 2019, advising M&A deals worth $4.1 Billion (across 5 qualifying deals). Ambit Corporate Finance ($3.4 Billion across 5 deals) and Deloitte ($2.9 Billion across 9 deals) took the second and third spot respectively. Ernst & Young ($2.8 Billion across 10 deals) and KPMG ($2.2 Billion across 8 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  Arpwood Capital  was the merger between   GRUH Finance and Bandhan B ank worth $3 Billion .  Ambit Corporate Finance  advised  Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries.  Deloitte  ad...

Potential Direct Tax Implications for Digital Economy

Legal Capsule by LexCounsel Multinational companies such as Google, Facebook, Airbnb etc., engaged in providing digital services in different countries, without any physical presence, are likely to be adversely impacted by the changing international tax regime. The tax challenges arising from digitalisation of the economy were identified as one of the main areas of focus of the Base Erosion and Profit Sharing (BEPS) Action Plan, leading to the 2015 BEPS Action 1 Report on ‘Addressing the Tax Challenges of the Digital Economy’. Thereafter, the focus of the countries has been to draw up a conclusive plan for the governments’ right to tax multinationals, through the Organisation for Economic Cooperation and Development (OECD), which is currently working on releasing a methodology for such taxation, by 2020. OECD has prepared a proposed “Unified Approach”, designed to address the tax challenges arising from digitalisation of the economy and to grant new taxing rights to the coun...

Ambit retains the top spot for Financial Advisors to Private Equity deals in Jan - Sep 2019

Ambit Corporate Finance topped the Venture Intelligence League Table for Financial Advisors to Private Equity Transactions for Jan - Sep 2019. Ambit advised PE deals worth $2.4 Billion (across 4 qualifying deals) during the period. Ernst & Young ($665 million across 4 deals) and KPMG ($604 million across 4 deals) took the second and third spot. Edelweiss Financial Services ($589 million across 4 deals) and PwC ($575 million worth 4 deals) completed the top five in 9M 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 Financial and Legal Advisory firms. Ambit Corporate Finance  advised  Brookfield's $1.9 Billion buyout of Pipeline Infrastructure from Reliance Industries . Ernst & Young and Edelweiss Financial Services advised  KKR and GIC's investment in  Sterlite Group owned India Gri...

Legal Capsule by Economic Laws Practice

Global trade wars: An opportunity for India to implement long term reforms Authors: Sanjay Notani, Parthasarathi Jha While the United States-China trade war has dominated the debate on global trade order and its future, there has been a silent and calibrated attack on India’s domestic policies at the WTO in recent years by several countries (such as the United States, Canada, Australia and Brazil). These countries have been questioning some of India’s export promotion schemes and domestic support measures for agricultural products such as rice, wheat, cotton, pulse and sugarcane and sugar before the WTO Committee on Agriculture ( COA ). WHAT ARE THE KEY ISSUES? In the ongoing dispute DS 541 (India – Export Related Measures), the United States has challenged certain key export promotion schemes including Export Oriented Units (EOU scheme), Merchandise Exports from India Scheme (MEIS), Export Promotion Capital Goods Scheme (EPCG) and Special Economic Zones s...