Veritas Legal

(The following information was supplied by the firm)

Firm Overview:

Veritas Legal is a firm consisting of experienced professionals. In a short span, the firm has grown in strength and has been involved in over 300 noteworthy M&A and private equity deals, and more than 500 litigation filings in various judicial forums across the country.

The firm and its members have been recognised and ranked by various publications including India Business Law Journal, the RSG India Report 2017 & 2019, Chambers & Partners (Asia-Pacific and Global Guides), IFLR1000, Benchmark Litigation, Asialaw Profiles and Asian Legal Business (Thomson Reuters), India Business Law Journal, Top Ranked Legal and Who’s Who Legal in addition to being mentioned in Bloomberg, Thomson Reuters, Mergermarket and Venture Intelligence league tables for India.

Managing Partner: Abhijit Joshi

Number of partners: 9

Number of lawyers: 39

Languages: English, Hindi

Main Areas of Expertise:

■ Mergers & Acquisitions

■ Private Equity

■ Litigation

■ Real Estate

■ Retail & Franchising

■ Competition Law

■ White Collar Crime

■ Pharmaceutical & Healthcare

■ Private Client

■ Restructuring & Insolvency

■ Data Protection & Privacy

Mergers & Acquisitions:

The firm is well versed with the regulatory complexities and issues around diverse industry sectors and has extensive experience in general corporate advisory, acquisitions, private equity and cross-border investments (inbound and outbound), corporate restructuring (mergers, demergers and spin-offs), strategic alliances, corporate governance and joint ventures.

Private Equity:

The firm has been involved in various transactions across a wide range of sectors such as real estate, pharmaceuticals, fintech, retail, FMCG etc. The team has represented various private equity firms as well as various investee companies and funds having an in-depth and sound understanding of legal and regulatory issues that concern private equity transactions from all perspectives.

Litigation:

The firm has been extensively engaged in civil, criminal and commercial law disputes through litigation before the Supreme Court of India, various High Courts and other tribunals such as the National Company Law Tribunal, Securities Exchange Board of India (SEBI), Securities Appellate, Sessions Court, Magistrates etc. in India. The firm also advises clients on alternative dispute resolutions within and outside India.

Real Estate:

The firm advises not just in relation to acquisition of land parcels in Maharashtra but also on matters ranging from joint developments to agreements relating to hotel operations and internationally branded residential projects, as well as domestic and offshore investments in real estate ventures in India. The firm is also well regarded for investigation of title to property as well as drafting and negotiation of land acquisition/transfer documents.

Retail & Franchising:

The firm advises on issues pertaining to real estate transactions, corporate transactions (domestic and cross-border mandates), commercial franchising matters and dispute resolution, and is well positioned to advise on regulatory compliance and operational requirements, as well as handling exchange control issues surrounding foreign franchisors. The firm is recommended for advising hotel developers, owners, operators in commercial, franchising and management agreements.

Competition:

The firm advises on a wide gamut of competition law issues such as merger control, anti-competitive agreements, abuse of dominant position, competition advisory, competition audit of business practices and preventive compliance work. This includes advising clients with respect to both regulatory and compliance issues and acting and advising both the acquirer and target companies as well as merging entities in connection with obtaining merger clearances from the Competition Commission of India.

White Collar Crime:

The firm advices and represents individuals and multinational companies across sectors, addressing complex and sensitive issues pertaining to economic offence, fraud, anti-corruption, money-laundering, and whistle blower complaints. This includes extensive experience in advising clients on preventative measures designed to reduce the risk of civil and criminal prosecutions.

Pharmaceutical & Healthcare:

The firm has a compelling reputation in this highly regulated sector offering services which include transactional work involving negotiation, M&A, conducting regulatory due diligence, PE, JV transactions and dispute resolution. We advise clients in various regulatory matters and legislations including foreign contribution regulations, price control regulations, marketing and distribution of pharmaceutical products etc.

Private Client:

The firm’s professionals have a prudent understanding of issues relating to the complexities of family function, generational differences and ambitions. The practice also integrates with various service providers in multiple jurisdictions providing holistic solutions for non-resident Indians having global assets.

Restructuring & Insolvency:

The firm advises various domestic and international banks, multinationals and non-banking financial companies on insolvency and restructuring related aspects, being well versed with the complexities of the regulatory environment across these sectors. The services also include legal and commercial advice on various issues including corporate restructuring, corporate insolvency, resolution planning, and negotiated settlements.

Data Protection & Privacy:

The firm advises clients on issues involving transfer of sensitive data, security breaches, developing pro-active measures to address data privacy issues, drafting and negotiating agreements and consent forms, advising on special IT settings such as cloud storage and data warehousing services. The firm also prepares tailor-made privacy and security breach policies for Indian subsidiaries of international companies.

Key Contacts

Managing Partner:

Abhijit Joshi
Abhijit.joshi@veritaslegal.in

Firm Rankings

Corporate/M&A
Band 2

8.0

Private Client
Band 2

8.0

Private Equity
Band 2

8.0

Real Estate
Band 3

6.0

White-Collar Crime
Band 2

8.0

Articles

Introduction of Green Channel

The Competition Commission of India (“CCI”) on August 13, 2019 published its 7th set of amendments to the CCI (Procedure in regard to the transaction of Business relating to Combinations) Regulations, 2011 (“Combination Regulations”) which came into effect from August 15, 2019.[1] The salient features of this new set of amendments to the Combination Regulations […]

The rise of foreign investment in Indian real estate

The real estate sector is one of the most recognised sectors worldwide from an investment standpoint and primarily consists of four sub-sectors – residential, commercial, hospitality and retail. In India, the real estate sector is considered to be the backbone of the economy and is the second largest employment generator after agriculture, with a multiplier […]

Impact of COVID 19 on the Pharmaceutical Industry in India

In the pre-COVID-19 era, the Indian drugs and pharmaceutical industry held a third ranking worldwide for immense production by volume and fourteenth by value in 2019[1]. Subsequently, due to the COVID-19 pandemic, the affairs of the Indian pharmaceutical industry have benefitted from substantial changes in the regulatory regime as enumerated below. The primary statute that […]

Refrain from stalling tender processes by issuing Writs even if it’s arbitrary or malafide

Supreme Court to High Court – Refrain from stalling tender processes by issuing Writs even if it’s arbitrary or malafide, Petitioner may seek damages. The Hon’ble Supreme Court of India has recently, in the case of N. G. Projects Limited v. Vinod Kumar Jain & Ors.[1], held that High Courts should refrain from interfering in […]

Overhauling the Confidentiality Rules

The Competition Commission of India (CCI) on 8th April 2022 published the CCI (General) Amendment Regulations, 2022 (Amendment) which came into effect from the date of publication. Summarised below are the key provisions relating to the treatment of confidential information pursuant to this Amendment. The Confidentiality Ring Mechanism This Amendment introduces a ‘Confidentiality Ring’ mechanism […]

Supreme Court to High Court – Refrain from stalling tender processes by issuing Writs even if it’s arbitrary or malafide, Petitioner may seek damages

The Honourable Supreme Court of India has recently, in the case of N. G. Projects Limited v. Vinod Kumar Jain & Ors.[1], held that High Courts should refrain from interfering in the grant of tender by issuing writs, even if they find that it is arbitrary or that the tender has been granted in a […]

Overhauling the Confidentiality Rules

The Competition Commission of India (CCI) on 8th April 2022 published the CCI (General) Amendment Regulations, 2022 (Amendment) which came into effect from the date of publication. Summarised below are the key provisions relating to the treatment of confidential information pursuant to this Amendment.  The Confidentiality Ring Mechanism This Amendment introduces a ‘Confidentiality Ring’ mechanism […]

Key Concepts of Group and Control Under the Competition Act

The concepts of ‘group’ and ‘control’ are intrinsic to the Indian Competition Act, 2002 (Competition Act), from undertaking the threshold notifiability analysis and product overlap analysis under the merger control provisions to proving dominance of group in cases alleging abuse of dominance. The Competition Commission of India’s (CCI) interpretation of the terms ‘group’ and ‘control’ has evolved from 2011 to 2019, affecting not only the exemptions available to the combinations, but also altering CCI’s approach towards competitive assessment while reviewing such combinations. The CCI has approved more than 670 combinations, as on 2 July 2019, and has touched upon the concepts of group and control in many combination orders. Of these combination orders, approximately 20 orders provide lists of affirmative voting rights/veto rights which may tantamount to control as per the CCI, and more than 60 orders provide CCI’s interpretation of various forms of control under the Competition Act… To download the Competition handbook, click here.

Press Releases

Veritas Legal: Managing partner recognised in the Legal Powerlist

Delighted to share that Veritas Legal, Advocates and Solicitors and our Founding & Managing Partner, Abhijit Joshi have been recognised in the Legal Powerlist 2021 by Forbes India.

04 Apr 2022
We are Proud to Announce Four Promotions to Partnership

An extremely proud moment for the firm and me personally to see our own lawyers excelling in their careers. Each of them bring excellent work ethics, proficiency, and value system that will enrich the firm and its clients.  Congratulations to each of them for this well-deserved promotion. Abhijit Joshi Founding & Managing Partner KANISHA VORA […]

08 Nov 2021

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