As one of the top law firms in India, Economic Laws Practice is highly ranked across the banking and finance, competition/antitrust, dispute resolution, regulatory and tax practices. This year it moves up in the pharmaceuticals and life sciences, real estate, and labour and employment categories. It has seven offices across India, in Mumbai, New Delhi, Pune, Chennai, Bangalore, Ahmedabad and Gift City. The firm’s renowned tax group is acknowledged by peers as a market leader. This practice is led by tax specialists Rohit Jain, Nishant Shah, Harsh Shah, Kumar Visalaksh and Gopal Mundhra. Firm managing partner and main contact Suhail Nathani is often a lead partner in competition cases, as well as on private equity and M&A deals.
Work highlights
Provided tax structuring advisory to a domestic developer on a substantial land development project, ensuring compliance with applicable tax regulations while minimising tax liabilities. The engagement involves critical transaction structuring to optimise financial outcomes for the client.
Represented an Indian developer in ongoing litigation related to indirect tax demands, assisting the client in challenging claims made by tax authorities. This case seeks to clarify the tax implications of compensatory arrangements in joint development agreements.
Work highlights
Successfully represented an Indian conglomerate in an ICC arbitration regarding the construction of a private railway line, achieving a favourable outcome for the contractor.
Advised the DFCC in an arbitration proceeding against a joint venture concerning claims for additional costs incurred due to statutory changes and price variations.
