One of the strongest practice groups of the firm. Our Banking team represents foreign and domestic lenders and borrowers, financial institutions, financing and insurance companies in all aspect of sophisticated commercial loan transactions and other credit transactions. We are continuously involved in advising them on various financing transactions, loans and project financing. In the area of corporate finance, our work covers rights issues, private placements, corporate restructuring, schemes of arrangement and advice on security regulations.
The firm advises clients in connection with various traditional lending transactions and derivative financial instruments.
In a recent development, the Government of India (“GOI”) has pushed through the move to allow foreign direct investment (“FDI”) in multi-brand retail. This will allow global retail giants like WalMart to set up deep-discount stores in India. However, GOI has allowed state governments to decide whether to allow FDI
FoxMandal (FM) is the legal advisor to US based Vornado Realty Trust, one of the largest owners and managers of real estate in USA with respect to its recent 50:50 joint venture worth approximately USD 500 million with Mukesh Ambani led Reliance Industries to set up real estate development projects including malls and shopping centres.