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Indian law firm Phoenix Legal has hired a six-lawyer maritime disputes team from boutique Legasis Partners, including partner Gautam Bhatikar and counsel Zoeb Cutlerywala.
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India’s Supreme Court recently upheld a lower tribunal’s verdict approving UltraTech Cement’s $1.1 billion offer for indebted Binani Cement Ltd. UltraTech had lost out initially to a bid from a Bain Capital Credit-backed consortium, only to return with an upgraded proposal that was challenged as being late and made once the details of the rival offer were known. Lawyers in India offer their views on what this could mean.
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Indian law firm Phoenix Legal has hired corporate specialist Shadaan Mohammed Saipillai from Kochhar & Co.
By ALB
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In the third part of ALB’s web-only series on what the Year of the Monkey will look like for Asia’s key markets, we speak to Pranav Srivastava, Senior Associate at Phoenix Legal on what 2016 holds for India.