Economic Laws Practice

India

Analysis

Overview

As one of the top law firms in India, Economic Laws Practice is highly ranked across the banking and finance, 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 dispute resolution group welcomed associate partner Abhay Chattopadhyay from Amit Sibal’s Law Chambers 

Client feedback 

Their work and conduct in all matters entrusted to them were to the best of our satisfaction.Corporate and M&A 

Very strong subject-matter expertise, timely delivery and cost-efficient.Dispute resolution 

The lawyers give extremely prompt and practical advice and they understand the importance of long-term relationships as compared to other law firms that focus on short-term gains by always thinking about their legal fees. It has a very diverse and experienced group of partners that cover every department and sector which enables them to act as a one-stop shop for everything legal.Dispute resolution 

Local knowledge, good advice.Dispute resolution 

Very responsive, wide range of expertise and great team.Labour and employment 

The team is very professional in delivering assignments in a timely fashion and can be relied on for their astute and strategic advice. The team has the relevant talent and capability in each practice area which is mentored by a seasoned senior partner and the firm has been able to position itself very well for catering to the specific needs of each sector. The practice areas of tax, commercial advice and litigation has been well tested over time and gives them an edge over similarly placed competitors in delivering value to the corporate client.Oil and gas 

The firm and the team that works with us knows what we focus upon on deals and works with us effectively to ensure the documents close quickly and also ensure that we are adequately protected in the transaction. – Private equity 

Sincere, diligent, particular, quick to revert, and they understand my needs and requirements.Real estate 

Easily accessible and they take a pragmatic approach.Regulatory 

Effective coordination between the parties and timely follow-up on outstanding action items to reach a timely resolution.Regulatory 

It has a team of great lawyers. We appreciate their understanding of laws, preparedness with cases, representation skills, approach and availability.Tax 

The lawyers are prompt, detailed, give practical insights and have sharp technical acumen.Tax 

They are highly skilled, technical, commercially astute and understand the business in which we operate. Their work product is excellent and timely.Tax 

Vinay Bhutani 

He is very responsive, quick to find solutions and maintains very good relationships with the other side. That is very important for us in private equity to not ruffle feathers with the promoter during negotiations. 

Heena Chheda 

Extremely wise, particular, diligent, trustworthy and an overall excellent lawyer. 

Alok Jain 

Availability, local knowledge and advice. 

Rohit Jain 

I have known Rohit for more than 15 years. He is an excellent trusted adviser, pragmatic, very technical and understands our business well. 

Aakanksha Joshi 

Responsible behaviour and timely completion of tasks entrusted to her. 

Ritesh Kanodia 

Humble, prompt, technical and has solid business acumen. 

Yashojit Mitra 

Accessible, takes a pragmatic approach, and has good knowledge of our business needs. 

Effective communicator that builds relationships between the parties. 

Jitendra Motwani 

Understands the clients situation and aims to give practical solutions rather just legal remedies by the book. He is very knowledgeable in every field and treats every matter with equal importance. 

He is a subject-matter expert. He is confident and provides timely delivery. 

Suhail Nathani 

Positive, frequent communications, and solution-oriented. 

Abhishek Sanyal 

He is very responsive, provides excellent advice and solutions, and is backed by a great team. 

Naresh Thacker 

We appreciate his experience, knowledge, representation skill, approach, understanding and availability. 

Naresh is well placed for handling big stakes corporate litigations and leading such litigations from legal and strategic fronts. He is solution-centric and puts a lot of emphasis on offering innovative solutions and strategic advice on litigation matters.

Tax

Work highlights 

Represented Bharti Airtel on an issue concerning tax at source being deducted on payments made as commission or brokerage.  

Acted for Otis Elevators in a litigation relating to the issue of excise duties 

Key clients 

Bharti Airtel, JSW Steel, McNroe Consumer Products, Sun Pharma Laboratories.

Dispute resolution

Work highlights 

Represented Paradip International Cargo Terminal before the High Court against the denial of benefit under the Service Exports from India scheme notified under the Foreign Trade Policy 

Key clients 

Adani Enterprises, GOCL Corporation, Welspun Enterprises. 

Corporate and M&A

Work highlights 

Advised Bharat Forge on its acquisition of JS Auto Cast Foundry India for $65 million.  

Key clients 

Jonston Controls, Syrma Technology Private, TransWorld Group. 

Competition/antitrust

Work highlights 

Acted for the National Egg Coordination Committee in India in an investigation related to allegations of the price fixing of eggs. 

Key clients 

Google, SKF India, Telefonaktiebolaget LM Ericsson. 

Regulatory

Work highlights 

Advised the National Stock Exchange of India to set up India’s first bullion exchange in the International Financial Services Centre of Gujarat. 

Assisted the UK Department of International Trade in its ongoing FTA negotiations with India. 

Key clients 

Credai, Gems and Jewellery Export Promotion Council, Indian Premier League teams.