Latham & Watkins

Editorial analysis

    Latham’s India practice boasts more than 50 lawyers based across the firm’s offices in Asia, Europe, the Middle East and the United States, representing clients on transactions in the country across a number of practices, including bank and project finance, capital markets, litigation, M&A, outsourcing and public company representation. The firm has been active in the country for 17 years, advising on over 160 transactions in India, with a combined value of more than US$120 billion.

    Singapore-based partner Rajiv Gupta is an internationally recognised specialist in corporate finance matters, representing issuers and underwriters in US and international securities transactions, as well as M&A deals, restructuring and merchant banking transactions, spin-offs and joint ventures. Among other Indian clients he has acted for Vedanta Resources in its $8.67 billion acquisition of a majority stake in Cairn India, as well as its $1.65 billion bond offerings, due in 2016 and 2021, Asia’s biggest corporate high-yield bond to date. Firmwide corporate department vice chair Michael Sturrock has been involved in more than 70 completed transactions in India, including acting for Makemytrip on its $80.5 million initial public offering of shares on the NASDAQ, the first US IPO by an Indian company in four years.

    In June 2013, Kirkland represented underwriters Citigroup Global Capital Markets India and Morgan Stanley India in connection with a $165 million initial public offering of almost 17.5 million equity shares of Indian search engine Just Dial. The IPO, which was listed on the National, Bombay and MCX stock exchanges and represented 25 per cent of its total equity, was the largest transaction of its kind in India during the first half of the year.