IndusLaw

The firm enters the Investment funds ranking at ‘Notable’ this year. Anindya Ghosh, Basava Rao and Namita Viswanath entered the partnership, while M Arun Kumar joined the construction and banking practices. 

Banking and finance  

Work highlights 

Worked, as borrowers’ counsel, with Engie’s SolaireDirect on L&T Finance’s refinancing of five solar power special purpose vehicles in Rajasthan and Punjab in northern India.  

Key clients 

Axis Bank, BlackSoil Capital, FMO, IndusInd Bank, Piramal Finance, Vatika  

Construction  

Work highlights 

Instructed by SB Energy, the team is drafting and negotiating the engineering, procurement and construction (EPC) contracts for solar power projects totalling more than 400MW. 

The firm is also helping to handle the EPC contracts for SoftBank to develop solar power farms in Saudi Arabia. SoftBank and Saudi Arabia signed a memorandum of understanding in March 2018 for an ambitious renewable energy project: a $200 billion, 200GW solar project stretching to 2030. 

Key clients 

Canadian Solar, GE, ReNew Power, SB Energy, SoftBank 

Corporate and M&A 

Work highlights 

Advised online classified advertising platform Quikr on its Re3.6 billion acquisition of HDFC Developers and HDFC Realty, HDFC’s digital real estate and realty brokerage divisions.  

Key clients 

AgreeYa, Ebix, Facebook, Exotel Techcom, InfraCo Asia, India Power, Nearbuy, Quikr, Reliance Jio, Wipro, Zynga 

Dispute resolution  

Work highlights 

Defending Torque Pharma, the team is battling AFD in a trade mark infringement and passing off case. At this stage, the team has successfully challenged an interim injunction. The suit about infringement of the Bedex brand continues. 

Key clients 

ADL, Galatea, GTL Torque Pharma, RKSV Securities, Sarine Technologies  

Intellectual property 

Work highlights 

Worked with Naspers’ PayU on its cross-border investment into Paysense. The team conducted contractual and intellectual property due diligence on the investee company. Afterwards, they recommended revisions to the agreements between Paysense and its non-banking financial services partner. The transaction was PayU’s entry into India’s financial technology industry. 

Key clients 

ADL, Galatea, PayU, Shunwei, Xiaomi, Zynga 

Labour and employment 

Work highlights 

Assisted Citius Communications by drafting an employee handbook and labour policies under Indian laws. It is an important assignment as the client is expanding its workforce.  

Key clients 

Airbnb, Citius Communications, Kendle, QuEST Global Engineering Services, Wipro 

Private equity 

Work highlights 

Worked with Oyo Rooms, a domestic hospitality service and budget hotel network, and its founder on its $250 million-plus series D round investment by Softbank Vision Fund, Hero Enterprise and early investors including Sequoia Capital.  

Key clients 

Accel, Mahindra Partners, Nexus Ventures, OrbiMed Oak Investment Partners, Oyo Rooms  

Client feedback 

“They are timely, accessible, and open to fixed fee and other fee arrangements. They also quickly pull in partners and teams from other domains and thus provide a one-stop shop for complex scenarios.” – Dispute resolution, Labour and employment, Real estate, Regulatory 

“I'm very happy with the quality of services. They are proactive, commercially savvy and, very importantly, understand our way of operating and thinking and can apply it in different circumstances without necessarily requiring specific input from me.” – Investment funds, Private equity 

“The firm is extremely dynamic, client and timeline committed. The lawyers are practical and solution oriented.” – Banking and finance, Regulatory 

“Very responsive, highly knowledgeable and adaptive to client requirements” – Investment funds, Labour and employment, Privacy and data protection 

“IndusLaw and particularly partner Avik Biswas are superb. Very experienced, extremely responsive, and skilled in assisting a multinational navigate the laws and culture of India.” – Labour and employment, Privacy and data protection