The Finance Minister, as part of the Union Budget 2024-25, has announced a number of direct tax and indirect tax proposals/amendments. To read a high-level summary of the key direct and indirect tax amendments/ proposals introduced by the Finance Bill, 2024, please click here -https://lnkd.in/dPnC7gsA #UnionBudget #tax #directtax #indirecttax #amendments #FinanceBill2024 #clientupdate AZB & Partners
AZB & Partners
Legal Services
Mumbai, Maharashtra 128,713 followers
Energy, Expertise, Execution - Unmatched
About us
AZB & Partners was founded in 2004 with a clear purpose to provide reliable, practical and full-service advice to clients, across all sectors. Having grown steadily since its inception, AZB & Partners now has offices across Mumbai, Delhi, Bangalore, Chennai and Pune. We have an accomplished and driven team of 600 lawyers committed to delivering best-in-class legal solutions to help clients achieve their objectives. Our greatest strength is an in-depth understanding of legal, regulatory and commercial environments, in India and elsewhere. This strength enables us to provide bespoke counsel to help our diverse clients negotiate any dynamic or volatile business environment. At AZB & Partners, collaboration is an everyday reality – we combine individual and mutual strengths to achieve collective growth. The Firm’s clients include an array of domestic and international companies. These range from privately owned to publicly listed companies, including Fortune 500 entities, multinational companies (MNCs), Investment Banks, Private Equity firms and more across the world. The Firm has also built, through its many professional engagements, strong relationships with specialists, regulatory authorities and several international law firms. Our accomplishments in the legal field have garnered widespread national and international recognition. We were ranked the top firm in the RSG 'Top 50 Indian Law Firms Ranking' in 2019 and the 'Top 40 Indian Law Firms Ranking' in 2017. Additionally, we have been acknowledged as a 'Band 1 Firm' in various practice areas such as Banking & Finance, Competition/Antitrust, Capital Markets, Corporate/M&A: The Elite, Dispute Resolution, Life Sciences, Private Equity, Real Estate, Restructuring & Insolvency, Tax and White–Collar Crime & Corporate Investigations by Chambers Asia–Pacific (2024). We have also been ranke 'Band 1 Firm' Capital Markets, Competition/Antitrust, Corporate/M&A and Dispute Resolution by Chambers Global (2024).
- Website
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https://www.azbpartners.com/
External link for AZB & Partners
- Industry
- Legal Services
- Company size
- 501-1,000 employees
- Headquarters
- Mumbai, Maharashtra
- Type
- Partnership
- Founded
- 2004
- Specialties
- General Corporate and M&A, Private Equity, Competition & Antitrust, Funds, Forensics, Employment, Capital Markets, Banking & Finance, Real Estate, Tax - Direct & Indirect, Intellectual Property, Insurance, Regulatory & Securities, Litigation & Arbitration, and Private Client Practice
Locations
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Primary
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AZB House, Peninsula Corporate Park, Ganpatrao Kadam Marg
Lower Parel
Mumbai, Maharashtra 400013, IN
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AZB House Plot No. A8 Sector 4
Noida
New Delhi, New Delhi 201301, IN
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AZB House 67-4 4th Cross
Lavelle Road
Bangalore, Karnataka 560 001, IN
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Onyx Towers, 1101-B 11th Floor, North Main Road Koregoan Park
Pune , Maharashtra 411001, IN
Employees at AZB & Partners
Updates
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Our Senior Associate, Urmika Tripathi, will be speaking at the Singapore Global Restructuring Initiative (SGRI), conference held in Singapore on 30-31 July 2024. The panel discussion will be based on distressed M&A in Asia and beyond. AZB & Partners #SGRI #conference #MandA #asia
We are thrilled to announce that Urmika Tripathi will be speaking at the Singapore Global Restructuring Initiative (SGRI) Conference held in Singapore on 30-31 July 2024. Urmika Tripathi is a Senior Associate at AZB & Partners, a leading Indian law firm and specialises in corporate insolvency and debt restructuring. She regularly advises insolvency professionals, creditors, bidders and debtors on market leading transactions under India’s insolvency regime. In her previous stint as a Legal Analyst (Asia) at REDD Intelligence, her work involved analysing key legal and regulatory developments in the restructuring and distressed space in Asian emerging markets such as India, Indonesia and China with a special focus on analysing cross-border insolvency related issues in restructuring of high-yield distressed debt issuers in these markets. She has completed INSOL International’s Global Insolvency Practice Course and is a Fellow of INSOL International. Her research on insolvency laws of Asian emerging economies has been published and recognised on several platforms globally. Urmika Tripathi will be one of the speakers of a fascinating panel on distressed M&A in Asia and beyond. Are you going to miss it? Registration and all the details about the SGRI conference can be found here: https://lnkd.in/et83pT-q cc Aurelio Gurrea-Martínez Dan W. Puchniak Singapore Management University SMU Yong Pung How School of Law CCLA SMU #insolvency #restructuring #SGRI #conference #SMU #global #hub
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AZB & Partners advised Bain Capital Private Equity L.P. on the Indian law aspects of its acquisition of PowerSchool Inc. along with all its subsidiaries in a transaction valuing PowerSchool Inc. at USD 5.6 billion. PowerSchool Inc. is a public company listed on the New York Stock Exchange and is a leading provider of cloud-based educational and operational technology to K-12 schools in North America. Our transaction team comprised our Senior Partner Nilanjana Singh, Senior Associate Hitesh Agrawal, Associates Ashutosh Mishra and Parvathy Suresh, with support from Partner Nandan Pendsey, Esq. and Senior Associate Riddhi Tulshian on intellectual property & data protection aspects; and support from Partner Ajay Singh Solanki, Senior Associate Devershi Mishra and Associate Thangam Chandy on employment law aspects. https://lnkd.in/eDxcwZiT
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AZB & Partners acted for BPRL (subsidiary of Bharat Petroleum) in the acquisition of a participating interest (PI) in oil & gas assets in Brazil, where Videocon Industries Limited through its subsidiaries and ultimately a JV with BPRL, held PI in certain oil & gas assets in Brazil. Our Delhi team comprised our Senior Partners Anuja Tiwari and Anindita Roy Chowdhury, Partner Mallika Anand, Senior Associates Srishti Moitra and Aman Raj and Associate Saurabh Batra, whereas our Mumbai team comprised our Partner Vivek Shetty, Senior Associate Nishant Upadhyay, Associates Akilesh Menezes and Aditya Mukherjee. https://lnkd.in/dxKYfH5z
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Our partner Saloni Thakkar moderated the very insightful session on Turnaround Strategies – with expert panelists Mr. Satish Kumar Gupta, Mr. Kriti Mohan Ghosh, Mr. Tushar Choudhary and Mr. Shreyas Jayasimha; with sincere thanks to INSOL India for the superbly organized and attended 2024 INSOL India Seminar. #INSOLIndia #TurnaroundStrategies #legalseminar AZB & Partners
INSOL India Seminar 2024: Navigating the Insolvency and Restructuring Landscape The INSOL India Seminar 2024 in Bengaluru commenced with an insightful panel session on Turnaround Strategies, session moderated by Ms.Saloni Thakkar Partner, AZB & Partners along side with our esteemed panelist Mr. Kriti Mohan Ghosh MD, Edelweiss Alternative Assets Advisors Limited Mr. Satish Kumar Gupta Banking and Management Expert, Stressed Asset Professional Mr Shreyas Jayasimha Founder, Aarna Law Mr. Tushar Choudhary Chief Investment and Strategic Officer, UVARCL Kriti Mohan Ghosh emphasized the importance of identifying stress early by focusing on: - Enterprise Function: Investor assessment, human resource management, and efficient management and finance teams. - Operations: Monitoring cost trends and cash flow issues. - Strategic Functions: Promoters' mindsets and robust capital expenditure planning. He stressed the need to stick to well-strategized plans. Satish Kumar Gupta highlighted stakeholder contributions, emphasizing: - Understanding case nuances. - Initial chaotic encounters with corporate debtors. - The reluctance of bankers to provide interim finance. - The importance of stabilization, measurable monitoring, and building trust with creditors. Shreyas Jayasimha addressed litigation finance, stating: - The need for all stakeholders to align with strong leadership and risk appetite for successful turnarounds. - Criticism of labeling high-risk business behavior as fraudulent. - Advocacy for proper litigation finance to attract funding and ensure fair resolution processes. - The potential of mediation in insolvency, drawing lessons from other jurisdictions. Tushar Choudhary discussed the role of ARCs, noting that: - Recovery is not synonymous with turnaround. - ARCs should be viewed as critical tools for early intervention, not as a last resort. - He called for a shift in perception and regulatory encouragement for early ARC involvement. Stressed businesses are like melting ice cubes and some cubes melt faster than others. Turnaround is a long process and resolution is a part of it. In India, we tend to wait for the resolution to finish for turnaround to start, but if value needs to be preserved and maximised - stakeholders need to focus on business turnaround in parallel with a resolution (in insolvency or outside). The session concluded with a Q&A segment addressing recent cases and necessary regulatory changes. The panelists emphasized early stress detection, regulatory cooperation, and a shift in stakeholder mindsets to improve turnaround strategies. A heartfelt thank you to our moderator, Saloni Thakkar, and our esteemed panelists for an enlightening discussion. We extend special thanks to Standard Chartered Bank and NeSL for their support of this initiative. As we continue, looking ahead to the future IBC & restructuring, stay tuned for more updates on INSOL India Seminar 2024 #INSOLIndia #Insolvency #Restructuring #ThoughtLeadership
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Our Inter Alia Quarterly Edition (April-June 2024) provides a brief insight into the recent significant developments across practice areas including the recent amendments to the mode of payment and reporting of non-debt instruments regulations, the additional KYC instructions regarding business connections, the draft guidelines on lenders project financing in infrastructure, and several other developments across practice areas including FEMA, SEBI, banking, finance, employment, intellectual property, telecommunications, etc. Please view the updates at: https://lnkd.in/ePmuPqhN #interalia #legaldevelopments # #FEMA #SEBI #banking #finance #employment #telecommunications #intellectualproperty #litigation #arbitration AZB & Partners
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This week’s “The Week That Was: Antitrust Edition” covers developments in the world of competition law – in India and globally in the week of 15 to 19 July 2024. #competitionlaw #cci #antitrust #india #law #legal #legalupdate #weekthatwas
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AZB & Partners represented ONGC Videsh Limited (OVL), a Schedule ‘A’ Navaratna Central Public Sector Enterprise, in a cross-border transaction of acquiring: (i) Equinor Apsheron AS’ participating interest (PI) in Azeri-Chirag-Deepwater Gunashli oil fields (ACG Oil Field); (ii) Equinor Apsheron AS’ shareholding in AIOC and GPC (both Cayman Island registered companies); and (iii) ONGC BTC Limited’s (ONGC BTC) acquisition of Equinor BTC Caspian AS’ shareholding in two companies – BTC Co. and BTCII (both Cayman Island registered companies) which was holding the Baku-Tbilisi-Ceyhan Pipeline asset (BTC Pipeline). OVL and ONGC BTC were existing PI holders/shareholders in the ACG Oil Field and BTC Pipeline and intended to raise its stake in the assets by providing an exit to Equinor. The deal team comprised our Senior Partner Anuja Tiwari, Partner Mallika Anand, Senior Associates Pranjal Bhattacharya, Sumi Trivedi and Aman Raj, Associates Munmun Kadam, Siddhanth Mitra and Aditya Goyal, supported by our Partner Anshuman Vikram Singh and Associate Sheetal Aery on corporate law aspects, and by our Senior Partner Anindita Roy Chowdhury, Partners Vatsala Rai and Abhijnan Jha on the arbitration strategy related aspects. https://lnkd.in/dFvXbbXb
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Our Senior Partners Hardeep Sachdeva, Abhishek Awasthi and Ms. #Priyamvada Shenoy were invited by J.P. Morgan to participate at the #JP Morgan India Leadership Series event held on July 19, 2024 at Taj Lands End, Mumbai. AZB & Partners #event #jpmorgan #conference
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We present the fourth article of our series “Know Your Law - India’s New Criminal Laws: Transition from Ruled India to Governed Bharat”. The fourth article of the series, authored by Priyank Ladoia, Tanmay Sharma and Nivedita Mukhija, deals with Digital Evidence under the Bharatiya Sakshya Adhiniyam, 2023 in comparison to the Indian Evidence Act, 1872. We examine the welcome changes brought in and the challenges as well as the misses in the new law. Link to all articles in the series - https://lnkd.in/epTApbvB Direct link to the article - https://lnkd.in/de9ckSFA #digitalevidence #IndianEvidenceAct1872 #challenges AZB & Partners