FOREIGN LAW FIRMS

Norton Rose

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PROFILE

  • Size of India Practice:

  • 20

  • Tie-Up Indian Law Firm:

  • No formal arrangement

  • Clients:

  • Samvardhana Motherson Visiocorp Solution Ltd, TMI Mauritius Ltd, Religare Capital Markets Ltd, Siva Ventures Ltd, GIC Special Investments Pte Ltd, Baer Capital Partners Ltd, Subex

RSG COMMENT

  • Norton Rose has a high profile in India and has been one of the busiest recruiters of Indian law graduates . Since merging with Australian firm Deacons in 2009, Norton Rose now has one of the largest Asia-Pacific practices with over 700 lawyers. The India practice focuses on banking & finance, energy, infrastructure, transport and technology. Alongside Crawford Bayley & Co, the firm represented TMI Mauritius in its US$1.8 billion acquisition of a stake in Idea Cellular in 2008. 

RECENT INDIA ACTIVITY:

Advised Motherson Sumi System on asset acquisition

Advised Motherson Sumi Systems Ltd (MSSL) on its acquisition of the global rear view mirror assets of Visiocorp plc (previously Schefenacker AG). The acquisition was by way of a pre-packaged administration of Visiocorp plc and was signed on 6 March 2009.

Successful defence of Ranbaxy price-fixing cartel charges

The Court of Appeal recently dismissed all criminal charges against Ranbaxy and all other defendants accused of participation in a price-fixing cartel in respect of certain generic drugs. Norton Rose have been acting for Ranbaxy for over six years in its defence of these criminal charges, as well as related civil claims for over £150 million. In March 2008, the House of Lords ruled that the SFO's indictment was wrong in law, and ordered the SFO to apply to the Crown Court to amend the indictment. In July 2008 the Crown Court refused to allow the SFO's amendment, and quashed the indictment against Ranbaxy and all other defendants. Recently, the Court of Appeal refused to grant the SFO permission to appeal that decision.

Acted for ICICI Bank $300 million financing

Acted for ICICI Bank on its US$300 million financing of GMR Infrastructure’s US$1,355 million acquisition of 50 per cent of InterGen, a global power generation company. The ICICI facility was lent on a separate, but pari passu basis with US$950 million of additional debt arranged by Axis Bank.