Shardul Amarchand Mangaldas & Co

Partner, Veena Sivaramakrishnan shared her inputs around the upcoming Amendments to IBC and Companies Act. The Ministry of Corporate Affairs is planning to introduce amendments to the Insolvency and Bankruptcy Code (IBC) and the Companies Act during the winter session to enhance corporate governance and reduce compliance burdens. Commenting on this, she said, "If timing concerns are fixed, the IBC will gain in strength. A formal pre-pack regime for all companies, backed by IBC principles, will have a positive impact.” https://lnkd.in/g-7J4uFd (The Economic Times) #ibc #companiesact #amendments #inslovency #corporate #govrenance #views

Our Firm is proud to have been a part of this year's India Space Congress held in Delhi from June 26-28, 2024 where our Partner Neelakantan VR. was invited as an Eminent Speaker to the event and had the privilege to represent our Firm among industry leaders and innovators in the space sector. Neelakantan’s participation as the key note speaker in the panel discussion on legal framework for space missions further solidified our expertise in space law and our dedication to shaping the future in this field.   The event was also attended by Ankita Kumar, Shashank Mishra, Partner, Akshi Rastogi, Principal Associate and Aditya Mitra, Senior Associate.  

Building on our innovation track record in REIT financings, our Firm advised Mindspace Business Parks REIT, on listed and secured, sustainability linked NCDs issuance aggregating to INR 650 crore, making it the first Indian REIT to issue sustainability-linked non-convertible debentures.   The coupon rate is linked to the performance on ESG parameters, based on Sustainability-Linked Bond Principles issued by the International Capital Markets Association.   The Issue was rated AAA (Outlook Stable) and was fully subscribed to by International Finance Corporation, the private sector arm of the World Bank Group. Click on the link below, to know more:   https://lnkd.in/gW3nHtrR  

The legal industry is undergoing a significant transformation driven by the widespread adoption of technology. This phenomenon, known as legaltech, is creating exciting opportunities for a diverse range of professionals, including tech innovators, product managers, and legal consultants.   Commenting on the same, Partner Hemant Krishna said, “Before the public debut of ChatGPT, the legal tech industry was seen as a poorer cousin of the fintech industry. AI has reshuffled that hierarchy considerably. We have seen legal-tech start-ups with AI offerings get acquired by traditional legal publishing houses for millions of dollars. It is easier for a good lawyer to pick up general skills like templatisation and prompt engineering than the other way around.” Read more at: https://lnkd.in/g453rarX   #LegalTech #Innovation #CareersInLaw

We are delighted to welcome Nikhil Naredi, Partner, Shardul Amarchand Mangaldas & Co as a speaker for the 6th edition of our conference on InvITs and REITs, on August 21, 2024, at Taj Santacruz, Mumbai. To join us in person, visit: https://lnkd.in/g9R2NkzX or get in touch with Evita Dsouza at: [email protected] for sponsorship opportunities. Connect with Pemmila Ningshen at: [email protected] for speaking and presenting opportunities. #InfrastructureInvestmentTrusts #RealEstateInvestmentTrusts #InvITs #REITs #InvestmentOpportunities #SEBIRegulations #Fundraising #StableReturns #MarketExpansion #InvestorParticipation #RegulatoryReforms #Transparency #AssetMonetization #FractionalInvestments #PensionFunds #InstitutionalInvestors #Taxation #AssetDiversification #AwarenessBuilding #MarketDevelopment

We advised our long-standing clients - the Continuum Green Energy Group in connection with issuance of U.S.$650,000,000 7.50% Senior Secured Notes due 2033 under Regulation S/ Rule 144A of the U.S. Securities Act of 1933 (Notes). The Notes are listed on the Global Securities Market of India International Exchange (IFSC) Limited and represent external commercial borrowings availed by the 8 subsidiaries of Continuum Green Energy Group. Our Firm also acted as Indian counsel to Continuum Green Energy Group in connection with a tender offer for purchase of outstanding U.S.$561,000,000 4.50% Senior Notes due 2027 listed on Singapore Exchange, issued by Continuum Energy Levanter Pte. Ltd. in 2021. The deal was led by Prashant Gupta (National Practice Head, Capital Markets), Shubhangi Garg (Partner) with assistance from Himanshu Malhotra (Principal Associate), Shweta Singh Srivastava (Senior Associate), Sandeep Singh Grewal (Associate) and Gunjan Shrivastav (Associate). Gouri Puri (Partner) and Nimish Malpani (Senior Associate) assisted with analysis on tax aspects. Subhojit Das (Senior Associate) and Vijay Nekkanti (Associate) assisted with analysis on the project and infrastructure law aspects. https://lnkd.in/gH4aqFgx

Principal Associate, Prakhar Deep was recently invited to speak at a seminar organised by the Indian Institute of Materials Management. The seminar, aimed at addressing key issues related to procurement contracts in India, provided a platform for industry professionals to discuss and explore various aspects of contract management and dispute resolution. Prakhar's session, titled "Dispute Resolution in Contract - Liquidated Damages and Other Damages," highlighted the critical differences between liquidated and unliquidated damages, offering insights into their application in dispute resolution. Prakhar also guided the participants on the essential steps to be taken when invoking the liquidated damages clause, emphasizing the importance of clear contract terms and diligent contract management.

Our Partner, Vaibhav Singh along with Manas Kotak, Associate have prepared a compendium titled “SAT's Key Judgments from 2019 To 2024” for Mondaq which will be published in three volumes. This compendium compiles judgments from the Securities Appellate Tribunal (SAT) spanning 2019 to 2024, focusing on appeals against orders passed by SEBI. During this period, Justice Tarun Agarwala, as Presiding Officer of SAT, significantly influenced and shaped SAT's jurisprudence with fair and well-reasoned judgments, navigating complex legal issues pertaining to securities law. Each volume of this compendium contains rulings under different topics, offering insights for legal practitioners, scholars, regulators, and market participants, aiming to deepen understanding of securities regulation and jurisprudence. Read the first volume of the compendium at: https://lnkd.in/gx7asH7R #Securitieslaw #SAT #Judgments #securtiesregulation #legalupdate

Our Partner, Anoop Rawat along with Ahkam Khan, Associate authored an article titled "Group Insolvency under IBC — these are the changing trends in India”.   The article discusses how group insolvencies under the IBC have seen a myriad of creative solutions from the judiciary, depending on the facts and circumstances of each case. These solutions are also reflected in the reports of the IBBI Working Group and the MCA Cross-Border Insolvency Rules/Regulations Committee.   Read More: https://lnkd.in/g-8PkvEW #ibc #groupnslovency #mca #crossborder #brankruptcy #trens #ibbi #views

As part of our on-going pride month celebrations, we hosted a special event - “Art with Pride", across our offices. The initiative served as a platform for members from all departments to come together and unleash their creativity through various art forms and celebrate the rich tapestry and vibrancy of the LGBTQ community. The event garnered a remarkable response, with over 100 participants from all SAM & Co. locations contributing to the creation of beautiful artworks. These artistic endeavors fostered a spirit of love, inclusivity and appreciation for the diverse perspectives that enrich our Firm. #DEI #ArtwithPride#PrideMonth #LGBTQIA #SAMCO