Living up to its reputation as “a great full service firm”, Majmudar & Partners excels in numerous disparate areas of practice and remains “innovative and forward looking” despite over 70 years of trading.
Internationally recognised for his contributions to the fields of Indian banking, corporate tax and private funds law, managing partner Akil Hirani is described as “a prodigy” by sources who tallied his achievements to date against his youth: last year Indian Lawyer 250 named him as one of the country’s leading practitioners under the age of 45. On the same list was corporate partner Prashanth Sabeshan, whose work encompasses banking, infrastructure, renewables, investments and regulatory advice. He was involved in the financing of phase 1 and phase 2 of Petronet’s $2 billion LNG project in India. Internationally recognised for his work in commercial litigation and real estate matters, Neerav Merchant brings “exceptional” corporate and commercial acumen to the firm, thanks in part to his lengthy in-house stint at Patni Computer Systems.
In the past the firm has acted for Essar Shipping Ports & Logistics, one of India’s leading marine logistic providers, in relation to a transaction that involved the issue of $280 million foreign currency convertible bonds. The firm successfully handled a lawsuit before various Indian courts on behalf of Bank of Ireland, advising on multiple country jurisdictional issues relating to a letter of credit dispute against a major Indian nationalised bank. Past M&A work includes acting as Indian counsel for the international IT services company Atos Origin in its acquisition of Venture Infotek, a leading independent player in the Indian payments market. The firm also advised KPMG USA on permanent establishment issues, service tax and withholding taxes with respect to its captive outsourcing arrangement in India.