The past year has been one of growth for Economic Laws Practice. In August, the firm expanded its national coverage with the opening of its Bangalore office, stating “Bangalore being the IT hub of India, the office will look at providing valuable services to such tech firms”. Following the exit of Mumbai arbitration partner Madhur Baya in September, the firm added to its tax team later in the year with the lateral hire of Sonu Bhatnagar in New Delhi. The firm has also boosted its presence in Who’s Who Legal in the past year, adding listings in the litigation and franchise editions on top of its established presence in the construction, corporate tax and trade and customs rankings.
Rohan Shah is the firm’s managing partner and leads the tax practice as well as enjoying a “world class” reputation in trade and customs matters. He was involved in two of the most significant direct tax matters in India, on behalf of Sanofi and Idea Cellular and has been appointed to various expert committees formed by the Indian Ministry of Finance and the Indian Ministry of Commerce on tax issues. He undertakes trade work on behalf of several Fortune 500 companies, and has successfully represented a wide spectrum of clients before the Supreme Court, various high courts and trade tribunals. Co-founder Suhail Nathani is also internationally recognised for his trade work, both in terms of contentious and remedial measure cases and on the advisory front. His “excellent” franchise and distribution practice is also recognised by sources around the world.
Sujjain Talwar is recommended by sources for his work in the construction sector, having worked extensively on private sector participation initiatives in various infrastructure sectors in India and internationally. His areas of expertise include infrastructure and project finance, corporate commercial laws and documentation, exchange control legislations and real estate. Vikram Nankani is lauded for his work in commercial litigation matters.
Among ELP’s most notable engagements over the past year was its counselling of India’s Jet Airways during the latter’s partial acquisition by Abu Dhabi flag carrier Etihad Airways: the first foreign investment in an Indian airline since ownership restrictions were liberalised in 2012, and the first transaction in the airline sector to be notified to the Competition Commission of India.