London’s Fladgate LLP represents Indian companies across a range of areas including M&A, private equity, capital markets transactions and dispute resolution. Established in 2003, the six-strong team also focuses on advising non-resident Indians and high-net-worth Indian individuals who are promoters and controlling shareholders of substantial companies in India (both listed and private) on personal wealth management matters, as well as advising on their corporate, financial and other legal needs. Sunil Sheth leads the firm’s India team, having been involved in representing companies and individuals from the country since the 1980s. He is particularly well known for his capital markets and M&A work, including cross-border transactions and providing advice on the structuring of deals.
Recent engagements include advising Gujarat NRE Coke, the largest producer of met coke in India, on the raising of $15m by way of foreign currency convertible bonds listed in Singapore; acting for Indian pharma company Maneesh Pharmaceuticals and Svizera Holdings in connection with claims for repayment of an outstanding loan and debt of $38m; acting for Lalit Modi, Chairman of Modi Enterprises with regard to defending a libel claim by Chris Cairns, former New Zealand cricket captain, for allegations of match fixing; acting for a UAE subsidiary of Jindal Steel & Power in relation to an ongoing litigation concerning an Omani gas plant; and acting for Watson Limited in its $135 million refinancing of various existing facilities, a deal which forms part of wider arrangements involving United Breweries, in which Watson is a substantial shareholder.