INDIA TRANSACTION LIST
MLS Vani & Associates is a modern Indian business law firm with offices in Mumbai, and associate offices in Delhi, Ahmedabad and London.The firm has a well established niche in advising companies from around the world establish and do business in India and Indian companies going global. This is a representative list of transactions our lawyers and partners have recently advised on. We are very proud of the work we have done and the client testimonials we have received.
Leading Technology PLC
Leading UK technology plc sought assistance with acquisition of Bangalore based business process outsourcing company. Work included due diligence of Indian target, review of acquisition documentation and registration with Software Technology Park of India.
Italian Real Estate Group
Instructed by Italian Real Estate Group on foreign direct investment into Indian real estate projects, evolving entry strategy options, off-shore structuring through Mauritius and project opportunity evaluation.
World's Leading Machine Knives Manufacturer
Advised a UK based company on setting up a manufacturing unit in Special Economic Zone in Central India right from scouting for land upto manufacture of their very first India made machine knife.
High-End Engineering PLC
Advised on establishment of a wholly owned-subsidiary for high-end engineering plc. Work included company formation, intellectual property protection and drafting technology transfer agreement.
Australian Litigation Defence
Advised Australian based group of companies in defending litigation in India initiated by government agency. Work included advice on litigation strategy, review of contractual documentation and representation before Indian courts.
Power Supply Components Manufacturer
Instructed by UK based power supply components manufacturer on Foreign Exchange Management Act, company secretarial matters, reviewing commercial agreements and local staff retention policies.
Media Marketing Company
Provided advice to media marketing company on commercial agreement with India’s leading advertising company, including advice on taxation, technology transfer, registration of trade marks, property acquisitions, company formation and remote management.
Nutrition Products Manufacturer
Nutrition products manufacturer sought assistance in establishing Indian company, drafting manufacturing agreement with local partner, advice on trading restrictions, and protecting intellectual property
Leading Retail Recruitment Consultancy
Advised leading Scottish retail recruitment company on corporate structuring and tax advice, drafting director service agreement and employee contracts, and registering trademark in India. On-going company secretarial services and legal advice.
UK Property Group
Instructed by high-profile property group on real estate investment scheme that included setting up off-shore structure through Mauritius GBC 1 company, Guernsey, and Cyprus drafting investor packs, and vetting investor prospectus. Work also included due diligence of land, acquisition agreements and dealing with local regulations.
German Textile Company
German textile company sought assistance in concluding joint venture with one of India’s leading textile machine manufacturers. Advised on taxation, company formation and management and technology transfer.
Anglo-Indian Hotel and Tourism Business
Instructed by UK based entrepreneurs on acquisition of Indian hotel and tourism company in South India, and related UK acquisition. Due diligence of assets, drafting of share purchase agreements and advice on personnel relocation to India.
Hungarian IT Company
Hungarian IT company sought advice on all aspects of acquisition strategy and documentation for acquisition of Indian software house.
Advised EU based start-up airline on investment memorandum, Indian civil aviation rules, regulatory approvals, through to aircraft lease and related contractual documentation.
Specialist Engraving Company
Advised UK based specialist die makers and engravers on Indian joint venture. Work included company formation, registering trademarks, and drafting various commercial agreements.
Italian Manufacturing Company
Advised leading Italian machine manufacturer on various aspects of entry into India, including drafting commercial agreements, due diligence, and asset purchase agreement.
Green Product Sourcing Company
Provided advice on joint venture formation, distribution agreement and product sourcing agreements for innovative green products company.
High Profile Media Technology Company
Advised on company establishment and repatriation matters for well-known media technology company behind programmes such as “Pop-Idol.”
Chinese Jewellery Company seeking listing
Instructed by Chinese jewellery company on compliance issues of its Indian representative office. Work included preparing due diligence report, and advising on Reserve Bank of India regulations, and best practice matters.
UK Fashion House
UK fashion house sought assistance on entry strategy options, (representative office versus subsidiary route) preparing shareholders agreements, tax advice and registering company trademarks in India and the EU.
Manufacturing Company Acquisition
Instructed by leading machine tool manufacturer on take-over of Indian joint venture company, including due diligence of Indian company, detailed negotiations, verification of title, transfer of employees and related matters.
Israeli Restaurant Chain
Israel based luxury restaurant and catering chain sought advice on foreign direct investment rules in the retail sector, including processes for approval through the Reserve Bank of India, and Foreign Investment Board.
UK Telecoms Company
Advised well-known high street telecoms company on establishing in India, including company set-up, back-office support and state and central government incentive programmes such as Special Economic Zones and Export Oriented Units.
Canadian Infrastructure Company
Advised on three way equity joint venture between Canadian, Irish, and Indian companies involved in the infrastructure products sector. Work included drafting of joint venture agreement, repatriation of profits and transfer of land and assets into joint venture company.
Brazilian Company Dispute Resolution
Advising Brazilian company on Indian debt recovery, including enforcement of foreign judgements in India and negotiating settlement.
Leading Polling Company
Well known UK polling company sought assistance with commercial and strategic agreement with Indian data provision and research company and transfer of personnel.
Instructed by leading East African distributor and retailer of tableware on foreign direct investment rules in the Indian retail sector, including establishment as a wholesale enterprise.
IT Solutions Company
Advised UK based mobile marketing software solutions company on the appointment of an Indian distributor, and drafting distribution, commissions and end-user license agreements.
Turkish Debt Recovery
Instructed by Turkish company on debt recovery procedures in India, strategic issues and effective dispute resolution.
Top Indian Construction Company
Advised one of the largest Indian private sector construction company on their post construction structuring including formation of societies and retaining control.
Leading Equity House Merger
Assisted a leading Indian security company with their merger with an equity stock broking company. Work included preparing the merger scheme, court petition and applications and other documents. Represented before court for the merger proceedings.
Advising international shipping, hotel, and retail conglomerate on double taxation treaties between Indian and the rest of the world. Work involved advice on various aspects of conglomerates entry strategies and structuring models.
Indian Broadband Company
Advising one of the fastest growing broadband company on their arbitration matter. Work includes advice on litigation strategy and representation before arbitration tribunal. Also assisted with franchisee arrangement with one of the largest Indian telecom companies.
Indian Automobile Company Acquisition
Advising on INR 7650 million transaction of an Indian automobile manufacturing company on their acquisition of land, plant and machinery of another Indian automobile company.
Canadian Paint Equipment Products Company
Instructed by a leading Canadian paint equipment products design and manufacturing company on entry strategy for their India investments, including advising on shareholders agreement
Indian Arm of International Conglomerate
Advising India’s leading cement manufactures, the Indian arm of the International building materials manufactured conglomerate on their real estate transaction including raising of finance.
Indian Health Care GroupHere
Leading Indian health care group sought advice on clinical trial for pharmaceutical and cosmetic operations including agency agreement. Also advised the group on manufacturing agreement for the manufacture of cosmetic products.
Leading India Real Estate Company
Structured a joint venture transaction for a leading Indian real estate company with one of the largest construction companies in the Middle East. Work included structuring the entire transaction and assisting with meeting tender requirements for India’s largest redevelopment project
Top Indian Developer Company
Structuring real estate transactions for a top Indian developer. Work included structuring of redevelopment project transactions, assisting with their property litigation and representing before Indian courts.
Amalgamation of a Large Business House
Advising a large business house on amalgamation of its various companies including software, import & export, telecommunication and service management companies.
UK Risk Management Company
Carried out due diligence of various Indian corporate houses and top management of Indian corporate houses for a London based intelligence gathering and risk management firm.
Leading Indian Treasury Services Company
Leading Indian Treasury Services Company sought advice on investigation of fraud and recovery of moneys. Work included advising on the steps to expedite the recovery process.
High Profile Power Project
Advised a leading Indian and international financial institutions and banks in achieving the financial closure of 11700 million rupees power project owned by a major international energy company in the southern state of India. Conducted due diligence on the Indian borrower, negotiated with the borrowers and furnished legal opinions. Work also included drafting and reviewing debenture trust deeds, foreign currency loan agreements, rupee loan agreements, inter-creditor agreements, security documents including mortgages, hypothecations, charges, pledges of shares, guarantees, perfecting the security, applications to the Ministry of Finance/ RBI.
Funding by Global Financial Institutions
Instructed by Indian, American and Canadian banks in financing of one of the largest Indian telecom companies including due diligence, title verification of properties, drafting of various deeds and agreements including debenture trust deeds, foreign currency loan, INR loan and inter creditor agreement and reviewing security documents including mortgages, hypothecations, charges, pledges of shares, guarantees. Also assisted with making representations before the Ministry of Finance/RBI.
Largest Indian Steel Maker
One of the largest Indian steel makers sought advice on the capital structuring of one of the largest telecom companies of India. Negotiated and drafted licence agreement and the tripartite agreement with the Department of Telecom and advised on the equity financing structure. Work also included drafting and negotiating joint venture agreements, sponsor support agreements, loan documents, lease agreements. Also assisted with applications to Foreign Investment Promotion Board (FIPB), Reserve Bank of India (RBI) and Department of Company Affairs.
American Banking Giant
Advised Indian arm of American banking giant on securitisation by India’s largest engineering and construction conglomerate and one of the leading energy and infrastructure development companies in the world.
LNG Port Management Project
Advised one of the largest international oil and gas exploration and production company in its financing for its Liquefied Natural Gas (LNG) port management project on the west coast of India. Work included negotiating with India’s largest private sector bank.
International Development Finance Institution
Instructed by an international development finance institution in the financial restructuring of an Indian State Electricity Board including conducting a detailed study of the legal structure and procedures and advising on viable options.
World Bank’s Development Financing
Advised World Bank’s group corporation on its developmental financing of an Indian company as well as the renewable energy projects.
Premier Indian Mineral Development Company
Assisted India’s premier mineral development company in its financing of 100,000 million rupees 250 MW power project in the State of Gujarat.
Large Private Sector Power Company
Advised a large private sector power company in drafting and negotiating equipment, procurement and construction contracts for its power subsidiary in the State of Andhra Pradesh, India
Global Diversified Business Corporation
Assisted a global diversified business corporation with a portfolio of assets in the manufacturing and services sectors of steel, energy, power, communications, shipping ports & logistics, and construction for establishment and operation of a 510 mw combined cycle power plant in the western state of India. Reviewed and negotiated power purchase agreement with the electricity board and drafted power purchase agreement. Work also included reviewing and finalising information memorandum for raising foreign equity, negotiating with prospective purchasers of equity, drafting and negotiating loan and guarantee documents with various financial institutions including foreign currency loans.
Acquisition of Iron Ore Mines
Instructed by a leading Indian steel manufacturer in acquisition of iron ore mines in the states of Maharashtra, Goa and Orissa, including due diligence, mine title investigation, and structuring under the mining laws. Work also included drafting of acquisition contracts including Raising and Selling Contracts and negotiations with mine owners and, surface rights owners and regulatory authorities
Major Oxygen Gas Listed Company
Advising major oxygen gas listed company, a subsidiary of U.K. plc, on its long-term Gas Supply Agreement with a leading Indian steel manufacturer. Work includes advising on various issues on the implications of their Gas Supply Agreement including specialist advice on the electricity laws (such as issues arising out of the captive power policy and regulations) in India in general and the electricity regulations in the State of Karnataka in particular.
Advised several Indian companies (including several technology companies and a leading Indian pharmaceutical company) on their overseas listings of ADRs, GDRs on NASDAQ, NySE, London Stock Exchange as well as several European exchanges.
Acquisition by UK IT Company
Advised one of the leading IT companies in UK on its acquisition of a top 10 business process outsourcing company in India. Carried out due diligence, advised on regulatory permissions required and drafted share holders agreements and non disclosure agreement.
Large Insurance Company
Advised world’s fifth largest insurance company on restructuring of its joint venture in India with one of the leading Indian health care companies. Work included drafting and negotiating the joint venture agreement and advising on the Indian foreign exchange laws and insurance laws.
Acquisition by World’s Largest Animal Health Pharmaceutical Company
Advised world’s largest animal health pharmaceutical company on its acquisition of animal health division of the worlds leading pharmaceutical company in India. Scope of work included conducting due diligence in India, structuring the deal and preparing purchase documentation.
Global Float Glass Manufacturer
Advised on end to end comprehensive India strategy for a leading float glass manufacturer for India operations entailing market study, initial liaising with regulator authorities at state and federal level, regulatory approvals, incentive evaluations, incorporation and tax advise.
Canadian IT Company
Advised a Canadian IT Consulting and Software Development Company on the regulatory issues involved in setting up a captive call centre in India including advising on entry strategy, identifying benefits and concessions available, and drafting required legal agreements.
Outsourcing by a top US Bank
Drafted a Master Service Agreement for a top US bank outsourcing their back office services to India. Advised on various applicable Indian laws including issues such as confidentiality, non-compete, competition, enforceability of contract, protection of IPR, exit strategy, dispute resolutions and labour laws.
World’s Largest Energy Company
Assisted Asia’s largest direct sales company with its joint venture with one of the world’s largest energy company for manufacturing and processing of home reverse osmosis membrane elements and other related water treatment products. Work included drafting various agreements including JV agreement, assured purchase agreement, technology and trademark license agreements.
Largest Indian Engineering and Shipping Company
One of the largest Indian engineering and shipping companies sought assistance with its joint venture with a US based water purification company. Work included drafting MOU, share holders agreement, escrow agreement, technology license agreement and advising on supply, marketing and distribution agreement.
Indian Arm of Philippines Company
Indian arm of a Philippines company, a company engaged in the business of operating Massive Multiplayer Online Role Playing Games (MMORPG’s) sought assistance on their software license agreements with various Korean and American companies, distribution agreements, foreign loans under External Commercial Borrowing Rules and employees stock options.
Outbound Investments by IT Solution Provider
Assisted a leading IT solutions provider to Travel & Transportation industry on its outbound investments and capital market deals. Advised on setting up of wholly owned subsidiaries and investing in joint ventures in USA, UK and Malaysia with regard to implications under Exchange Control Regulations. Also advised on compliance with the listing agreement, preferential allotment and takeover code
Acquisition by Listed IT Company
Advised a BSC listed Global IT company on their acquisition of a UK company, making the company world’s largest provider of revenue management and accounting solutions for airline industry. Also advised on closing down of wholly owned subsidiaries in Australia and Malaysia.
Indo-Italian Joint Venture
Instructed by a large Indian engineering company on their joint venture with an Italian company. Also advised on distributorship, confidentiality, high sea sales, independent contractor, consultancy and technology transfer and license agreements.
Italian Shipping Company
Advised Italian shipping company in India as regards their operations and also handled their contentious matters throughout India.
Italian Textile Company
Advised Italian textile company for setting up Joint Venture in Mumbai, India and also on setting up a manufacturing unit in India right from scouting for land upto staring of commercial production.