Khaitan advises Meidensha regarding joint venture arrangements with Prime Electric
Khaitan & Co has advised Meidensha Corporation in relation to formation of joint venture arrangements between Meidensha Corporation and Prime Electric through the acquisition of a minority stake of 23 per cent in Prime Electric by Meidensha Corporation.
Meidensha Corporation, founded in 1897 in Japan, manufactures and sells capital goods including generators, substation equipment, electronic equipment and information equipment in Japan and internationally.
Partner Rabindra Jhunjhunwala led the transaction with assistance from partner Anand Mehta on the corporate aspects and partner Abhishek Sharma on the real-estate aspects.
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ERGO Perspective: HMA dispute resolution in India; indemnities in cross-border M&A transactions; and more
The current difficult operating environment in India is straining owner/operator relationships and is conducive of disputes.
The Consolidated FDI Policy was released by the Department of Industrial Policy and Promotion and the Ministry of Commerce and Industry on 17 April 2013.