Representing Indian investors in a potential claim against Macedonia
|People in Who’s Who Legal||2|
|Pending cases as counsel||16|
|Value of pending counsel work||US$1.5 billion|
NEW IN 2017.The dissolution of India’s largest law firm, Amarchand & Mangaldas Suresh & Shroff & Co, in 2015 put an end to a testamentary dispute between brothers Shardul and Cyril Shroff over control of the firm after the death of their mother, allowing each to set up his own successor firm. Even as separate entities, they remain among the biggest in the Indian market.
The legacy practice had long enjoyed a reputation as a safe pair of hands for arbitration in India, appearing in the GAR 100 for several years in succession.
Shardul’s wife, Pallavi Shroff, oversaw the legacy dispute resolution practice and has the same role today, also serving as Shardul Amarchand’s managing partner. She’s a hugely respected name in the Indian legal and business community – a prominent banking client once dubbed her “the Queen of the Courts”.
The international arbitration practice group is headed by partner Tejas Karia in Delhi, where most of the team is based. The firm recruited counsel Rishab Gupta from Allen & Overy in 2016 to help build the group in Mumbai.
Another partner, Siddhartha Datta, is based in Kolkata.
The new firm has inherited some big cases. Alongside Skadden Arps Slate Meagher & Flom, it is co-counsel to a group of telecoms investors in a treaty claim against India relating to the cancellation of a satellite deal. The case saw a largely favourable award on liability in 2016 and is awaiting an award of damages.
The same team previously helped Bangalore-based Devas Multimedia win US$672 million in an ICC claim against Indian state-owned entity Antrix in 2015 relating to the same cancelled deal.
In other recent cases, it has been acting for Videocon Industries in two long-running arbitrations against the Indian government; a former joint venture partner of McDonald’s in an LCIA claim filed by the US fast food chain; and an Indian client in an LCIA dispute with a US trust fund.
It has also represented a JPMorgan entity in an LCIA claim over a real estate investment; a French food and beverage multinational in a SIAC case against a distributor; and Malaysia’s M3nergy in a claim against India’s state owned Hindustan Petroleum Corporation. It has even acted for SIAC itself, representing the arbitral institution in Indian Supreme Court proceedings.
In Delhi, the firm promoted Ila Kapoor and Binsy Susan to the partnership.
The firm was also instructed by India’s Binani family for a potential investment treaty claim against Macedonia relating to the alleged expropriation of lead and zinc mining concessions.