GAR 100 - 13th Edition

AZB & Partners

Professional notice

Two wins for Mauritian funds in commercial cases, while the firm represents Nissan in a treaty claim

People in Who's Who Legal1

AZB was born in 2004 from a merger between CZB & Partners in Mumbai, and Ajay Bahl & Company in Delhi. Today the firm has four offices in India.

The firm has moved away from Indian law firms’ traditional family-style structure and has been praised for its clear partnership track.

AZB’s reputation owes much to the personality and profile of founding partner Zia Mody in Mumbai. She spent three years as vice president of the LCIA and has acted in numerous cases under that institution’s rules, as well as those of the ICC, SCC, LMAA, SIAC and UNCITRAL.

Senior partner Rajendra Barot in Mumbai leads the dispute resolution practice. Another strong name is Vijayendra Pratap Singh, partner and head of litigation in Delhi, who has spearheaded arbitrations related to option contracts, shareholder disputes and intellectual property issues.

Who uses it?

Swiss Timing (a subsidiary of the Swatch Group) used the firm in a landmark case before the High Court of Delhi that changed the law on the arbitrability of fraud.

The former majority shareholders of Yukos Oil Company used the firm for a Delhi action to enforce their US$50 billion awards against Russia, which was discontinued.

Other recent clients include Tata Group; Eastern India Power Limited; the owners of the Indian Premier League franchise cricket team Kochi Tuskers; India’s largest telecoms company, Bharti Airtel; Axis Bank; HSBC; and the Bank of New York Mellon’s London branch.

Past clients include Vedanta Resources, KPMG, Philip Morris, Dhariwal Industries, Lehman Brothers and US cable television network ESPN. It has also acted for Indian property developer Kabul Chawla and his company, BPTP.

Track record

In one of its highest-profile cases, the firm defended Tata Sons in an LCIA claim brought by Japan’s largest mobile operator, NTT Docomo, over a short-lived internet services venture. The arbitration ended in 2016 with a US$1.17 billion award against Tata. The award was paid in the following year, after Delhi litigation that had seen the intervention of the Reserve Bank of India in a bid to thwart payment.

For clients SMS and Solar Industries India, the firm obtained wins in two ad hoc claims against a mining company owned by the Indian state of Chhattisgarh. The dispute concerned a joint venture to exploit two coal blocks. AZB’s clients filed for arbitration after India’s Supreme Court held that the licences for the blocks were illegal. The tribunal upheld the clients’ claims regarding frustration and restitution.

Recent events

AZB obtained a victory for Mauritian fund Rishima Investments in a Singapore-seated ICC arbitration. In 2019, the tribunal unanimously awarded Rishima US$110 million, representing a 25% rate of return on its investment in an Indian company developing a hotel in Kolkata.

Acting for another Mauritian private equity fund in two international commercial arbitrations under SIAC rules, the firm secured US$11 million in damages for breach of contract as well as costs for its client. The firm is representing the fund in enforcement proceedings before the Bombay High Court.

With co-counsel Allen & Overy and Indian firm Lakshmikumaran & Sridharan in New Delhi, the firm continues to act for Japanese car maker Nissan in a US$478 million investment treaty claim against India. Nissan says India has unfairly withheld payments promised in return for the company investing in a car plant in Chennai. AZB has successfully thwarted repeated attempts by the government of Tamil Nadu to obtain an anti-arbitration injunction before the Madras High Court. An UNCITRAL tribunal upheld jurisdiction over the treaty case in 2019, a decision that is now being challenged by India in the Singapore courts.

Dhirajkumar Totala became a partner in the firm’s Mumbai office in April 2019.

AZB has represented leading corporate houses and multinationals in multi-jurisdictional arbitration matters governed by various rules including those of the ICC, UNCITRAL, Swiss Chambers of Commerce, London Maritime Arbitrators Association, Singapore International Arbitration Centre and London Court of International Arbitration. The Firm has also been involved in arbitration proceedings under foreign laws such as New York law and English law where Indian law issues underscored the arbitration proceedings, in addition to numerous arbitrations sited seated within and outside India, governed by Indian law.

The Firm has handled complex commercial litigation and arbitration including advising in filing and defending interim applications in courts and before tribunals, conducting cross examination and trials of intricate questions of law and fact which are landmark decisions in the development of the law. In addition, the experienced litigation and arbitration team of the Firm also advises clients who get dragged in white collar criminal proceedings, often an offshoot of the civil proceedings. The experience in arbitration and litigation is across almost every industry including construction, manufacturing, mining and natural resources, insurance disputes, EPC contracts, real estate, information technology, aviation, banking and finance, telecommunication, infrastructure, etc.

Legal 500 2016 says about AZB “Without doubt, a powerhouse in the dispute resolution arena, AZB & Partners is adept in commercial litigation and arbitration”. Ms. Zia Mody has been recognized as one of the “World’s Leading practitioner” for Commercial Arbitration by Who’s Who Legal 2016. She was Vice President on the London Court of International Arbitration (2010 - 2013). Mr. Ajay Bahl has been recommended for Litigation by the RSG India Report, 2017. Mr. Rajendra Barot is highly recommended for his Litigation & Arbitration practice. Mr. Barot has been recognised as a market leading practitioner in the dispute resolution space in 2017 and 2018 by AsiaLaw Leading Lawyers. Mr. Vijayendra Pratap Singh was awarded ‘Disputes Star of the Year’ by  AsiaLaw Asia-Pacific Disputes Resolution Awards 2016 and by Benchmark Litigation Asia-Pacific in 2013. The firm expanded its litigation and dispute resolution practice, by bringing on board Mr. Anoj Menon and promoting Ms. Sonali Mathur in 2017. Mr. Menon has longstanding experience of commercial and corporate disputes. Ms. Mathur has advised and represented clients in several landmark matters. 

The Firm has advised a world leader luxury brand (“Client”) in its disputes with its distributor in India. In spite of arbitration clause providing for Swiss law governed ICC arbitration seated in Switzerland, the distributor filed a suit in Indian courts and also filed a criminal complaint making allegations of criminal breach of trust and criminal conspiracy. AZB advised the Client and argued the application before the trial court seeking dismissal of the suit in view of the arbitration clause. As a result of persistent efforts, the suit was dismissed within less than 5 months. The order of dismissal was upheld by the Supreme Court of India and the Supreme Court also ordered closure of the criminal case.” AZB is also currently advising a Mauritian Private Equity Fund in pursuing a USD 70.5 million claim in an ICC Arbitration. The Firm is acting for one of the world’s largest developers and manufacturers of railcar (bogie) systems and components.

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