Tag: mumbai
Written by John on 11 April 2012.
♦ Recent Deals ♦ Hong Kong, India, Mumbai
Global law firm White & Case LLP has advised a consortium of Chinese banks on syndicated secured financing of approximately US$1 billion to Reliance Communications Limited, India's second largest telecoms operator by subscriber numbers. The funds will be used to refinance outstanding Foreign Currency Convertible Bonds (FCCBs) which the company issued in 2007. This is the largest refinancing of FCCBs by any Indian Corporation to date. The consortium included Industrial and Commercial Bank of China (ICBC), China Development Bank Corporation (CDB) and Export Import Bank of China (China EXIM). The Chairman of Reliance Communications Limited, Mr Anil D. Ambani, personally attended the signing of the deal in Beijing. Commenting on the deal, partner John Shum said: "This deal builds upon our previous experience of advising Chinese banks and financial institutions on export-credit financings for telecommunications companies such as Reliance. While the purpose of this loan was different, I believe we were mandated because of our familiarity in dealing with such banks and navigating both Chinese and Indian regulatory issues." Hong Kong-based partner, John Shum, led the deal. He was supported by counsel, Wang Xin and associates, Simran Sandhu and Yao Xingjia. Advising the banks on Indian law were partners Gayatri Bhandari, Dina Wadia, and Aashit Shah, and associate, Soumitra Majumdar of J. Sagar Associates Mumbai.
Written by John on 20 October 2011.
♦ Recent Deals ♦ India, Mumbai, Shanghai
Paul Hastings LLP, a leading global law firm, announced today that it has represented Maker Maxity in the signing of definitive agreements with MGM Hospitality, a wholly owned subsidiary of MGM Resorts International (NYSE: MGM), for the development and operation of a Bellagio hotel, an MGM Grand hotel, and a Skylofts hotel, as part of the landmark Maker Maxity mixed-use development complex in Mumbai, India. Maker Maxity is an approximately 20 acre integrated commercial, entertainment, and hospitality complex that will set a new standard for mixed-use development projects in the region. It is strategically located at the entry point of Mumbai’s new Central Business District, Bandra Kurla Complex, and is bordered by the new International Finance Center and Bandra – one of Mumbai’s most prestigious and affluent residential neighborhoods. In addition to the Bellagio, MGM Grand, and Skylofts hotels, the immaculately designed and meticulously planned complex includes five Class A commercial office buildings, a luxury retail development and a private club as part of the hospitality precinct. Maker Maxity is set to become the centerpiece for Mumbai's social and business activities. The Paul Hastings team was led by Shanghai-based partner David Blumenfeld, Chair of the Firm’s Asia Hospitality Practice, Los Angeles-based partner Rick Kirkbride, Global Chair of the Firm’s Hospitality Practice, and Los Angeles-based partner Philip Feder, Global Chair of the Firm’s Real Estate Department.
Written by John on 08 June 2011.
♦ Breaking BigLaw News ♦ India, Mumbai, New Delhi, Pune
To better serve our Indian clients and clients pursuing business interests in India, Moses & Singer LLP has formed an alliance with Advani & Co., a well-established and respected Indian law firm with offices in Mumbai, New Delhi and Pune. This collaboration will provide clients of both firms with immediate access to an experienced team of transactional and dispute resolution attorneys in India as well as the United States, bringing together local knowledge with an international reach. “The transactional experience of the Advani firm in the financial, trade, media, construction, shipping and oil and gas industries in India, and its experience in effective dispute resolution mechanisms with Indian companies, will be invaluable to our clients’ growing interests in India,” said Alan Kolod, Chairman of Moses & Singer. “Our connection to the U.S. through Moses & Singer is a natural progression for us, given the global scope of our client base. Moses & Singer’s full service practice, combined with its entrepreneurial approach, complements our practice. We look forward to a productive relationship that will benefit our clients,” stated Hiroo Advani, a founding member of Advani & Co. Both Moses & Singer LLP and Advani & Co. are members of MSI Global Alliance, an international alliance of more than 250 independent law and accounting firms in over 100 jurisdictions worldwide. Moses & Singer LLP and Advani & Co. will each continue as independently owned and managed law firms.
Written by John on 03 May 2011.
♦ Recent Deals ♦ Bangalore, India, Mumbai, New Delhi
SNR Denton has advised hotel investment company Duet India Hotels Limited on its joint venture with InterContinental Hotels Group (IHG) to develop new Holiday Inn Express hotels across India over the next five years. The hotels will be primarily located in India's major and key secondary cities, including New Delhi, Mumbai and Bangalore. Duet India Hotels is a hotel group formed by Anuj Gupta and Henry Gabay of Duet Capital. It will take a 76% equity stake in the joint venture, with IHG taking the remaining 24%. "We are extremely pleased to have had this opportunity to work with Duet India Hotels for the first time on this strategic partnership," said corporate partner Jeremy Cohen. The SNR Denton team also comprised corporate partner Richard Barham, managing associate Simon Mitchell and associate Daniela Molluso.
Written by John on 22 March 2011.
♦ Recent Deals ♦ India, Japan, Mumbai, Tokyo
International law firm Freshfields Bruckhaus Deringer has advised Tokyo-based Arysta LifeScience, the world’s largest privately held crop protection and life science company, on the acquisition of a majority interest in Devidayal Sales Limited (DSL), a formulator and marketer of pesticides, agrochemicals and micronutrients for the Indian and international markets. DSL is one of the top ten privately-owned agrochemical companies in India. The Freshfields team was led by New York corporate partner Timothy Wilkins and associate Paul Humphreys and included associates Nick McVeigh and Graham Kirk. Nihar Mody and Yashasvi Mohanram, of Mumbai-based law firm Platinum Partners, advised on Indian law. Timothy Wilkins commented “This was a key strategic acquisition for Arysta in an important growth market for the company. We were pleased to assist with Platinum Partners on helping the Arysta team navigate the complex cross-border issues faced in achieving such a successful result."