Advised parties on regulatory aspect of these transactions
Negotiated with the Government
Liaised with various Departments of the Government
Our lawyers have extensive experience in disinvestment a.k.a privatization. The firm has acted for the Government of India, the State Government and Public Sector Undertakings for some of the disinvestments carried out thus far. The firm has, however, acted mainly for the private parties participating in such disinvestments.
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.