Representing Indian investors in a treaty claim against Macedonia
|People in Who’s Who Legal||1|
|People in Future Leaders||2|
|Pending cases as counsel||13|
|Value of pending counsel work||US$1.6 billion|
|Current arbitrator appointments||1(of which 1 are as sole or chair)|
|Lawyers sitting as arbitrator||1|
The dissolution of India’s largest law firm, Amarchand & Mangaldas Suresh A Shroff & Co, in 2015 put an end to a 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.
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 firm has seven offices across India.
Who uses it?
Recent clients include Motorola, JP Morgan and Spanish railway group CAF. Cairn Energy, Singapore’s Ravva Oil and Videocon, joint venture partners in the Ravva oil field in Andhra Pradesh, have also used the firm in various matters.
The new firm 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 related 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 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 recent cases, it has acted for Videocon Industries in two long-running arbitrations against the Indian government 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.
The firm is acting for the Binani family in a US$250 million bilateral investment treaty claim against Macedonia – one of the few occasions Indian investors have commenced proceedings under an Indian BIT. The case relates to the alleged expropriation of lead and zinc mining concessions.
It represented Vikram Bakshi, a former joint venture partner of McDonald’s in an LCIA claim brought by the fast food chain. In 2017, a tribunal majority ordered Bakshi to sell his stake, ruling that McDonald’s had legally terminated the joint venture contract.
Nirag Pathak, principal associate in the Ahmedabad office, has been promoted to partner.