As one of the top law firms in India, Economic Laws Practice is highly ranked across the banking and finance, capital markets, competition/antitrust, dispute resolution, regulatory and tax practices. It has seven offices across India, in Mumbai, New Delhi, Pune, Chennai, Bangalore, Ahmedabad and Gift City. The firm’s renowned tax group is acknowledged by peers as a market leader. It is led by tax specialists Rohit Jain, Nishant Shah, Harsh Shah, Kumar Visalaksh and Gopal Mundhra. Firm managing partner and main contact Suhail Nathani is often a lead partner in competition cases, as well as on private equity and M&A deals. The firm hired antitrust specialist Param Tandon from P&A Law Offices, and its corporate and M&A team was bolstered with the joining of partner Yashojit Mitra and director Devyani Singh from Cyril Amarchand Mangaldas.
Client feedback
“We value their clarity of concepts, responsiveness to client's needs and adherence to the timelines.” – Capital markets
“Firm is staffed with highly technical individuals who understand our business, provide practical commercial advice and are always available at short notice.” – Dispute resolution
“They have a good team to handle our matters. They are professionally qualified and seasoned tax counsels. They handle the matters for our company with complete ethical conduct.” – Tax
“Professional, honest to client, competitive and friendly.” – Tax
“They have great pool of knowledge. They are a solution-driven law firm.” – Tax
Manendra Singh
“Excellent conceptual clarity, responsiveness and legal knowledge.”
Naresh Thacker
“We value his knowledge, his presentation skills, his preparedness with the matter, his availability, and his approach.”
Nishant Shah
“Customer-centric, quick in responses and professionally updated on tax knowledge.”
Rohit Jain
“He understands our business well, is very technical and practical in relation to advice. He is approachable.”
Suhail Nathani
“Knowledgeable.”
Work highlights
Engaged by Inox Leisure for a matter dealing with anti-profiteering proceedings under the Indian GST laws.
Representing NI Systems on a multitude of customs, trade and regulatory issues.
Engaged by Bharat Aluminium Company to file a writ petition challenging a final assessment order and demand notice issued under the faceless assessment scheme. The Delhi High Court passed a landmark ruling on the issue whether a personal hearing is mandatorily required to be granted to the assessees in all cases under the scheme of faceless assessment.
Key clients
Bharti Airtel, JSW Steel McNroe, Consumer Products, Sun Pharma Laboratories
Work highlights
Advised JM Financial on the acquisition of a significant minority stake in Canpac Trends.
Represented Somerset Indus Healthcare India Fund, a healthcare focused private equity firm, on its acquisition of minority shareholding in Globela Pharma.
Acted for Xponentia Opportunities Fund and Xponentia Capital Partners on the acquisition of 6.9% stake in Medsource Ozone Biomedicals.
Work highlights
Representing supplier Takaoka Toko in an SIAC arbitration against ABB India pertaining to the client’s supply of transformers to ABB India for a power project in Sri Lanka.
Acted for the CEO and managing director of Zee Entertainment Enterprises in relation to a requisition notice to call for an extraordinary general meeting (EGM). This case was novel and dealt with the legal question of the ability of a shareholder of a public listed company to call for an EGM.
Representing a sub-contractor before the Delhi High Court in proceedings initiated by the main contractor in relation to an infrastructure project.
Key clients
Adani Enterprises, GOCL Corporation, Welspun Enterprises
Work highlights
Advised Rivendell Private Equity and Ascent Telecom Holding Mauritius on its share purchase agreement to sell off their stake in Ascend Telecom Infrastructure Private to GIP EM Ascend, another private equity fund.
Advised Shree Sidhbali Ispat and Merlin Towers Private on their sale to OFB Tech Private.
Acted for Indian International Bullion Holding IFSC on its 100% purchase of CDSL IFSC from the Central Depository Services India in two tranches.
Key clients
Jonston Controls, Syrma Technology Private, TransWorld Group
Work highlights
Engaged by Transworld Holdings to jointly file and secure an approval for the multi-step proposed transaction between Unifeeder ISC FZCO and Transworld Group, for the acquisition of Avana Logistek, Transworld Feeders FZCO and the coastal feeder and vessel operating business of Shreyas Shipping and Logistics, by Unifeeder.
Acting for an association of poultry farmers, the National Egg Coordination Committee in India, in an investigation related to allegations of price fixing of eggs.
Representing United Breweries before the CCI on allegations of its participation in anti-competitive activities along with other beer manufacturers in certain identified states.
Key clients
Google, SKF India, Telefonaktiebolaget LM Ericsson
Work highlights
Assisted IndusInd Bank as the lender on its $10.27 million loan to Arvy Logistics Park.
Advised borrower Puravankara on a loan facility granted by Provident Housing as the security provider and IDBI Trusteeship Services as the security trustee.
Acted for Arka Fincap and SBM Bank on structuring a loan granted to borrowers Sternal Buildcon and Signatureglobal India for multiple group housing projects.
Key clients
Avendus Finance, IndusInd Bank
