Lawyer Monthly Magazine March 2018 Edition

MAR 2018 46 Thought Leader www. lawyer-monthly .com How are you hoping the M&A sphere will change in 2018 which will shape the country’s future in investment? The M&A opportunities in 2018 would remain robust riding on the back of a large number of stressed assets with several big ticket projects referred to the NCLT (National Company Law Tribunal) under the Insolvency and Bankruptcy Code, which are likely to see change in promoters. Given that these stressed assets would be on offer at tempting valuations, an uptick in the M&A deal activity is expected. Additionally, this government’s continued thrust on economic, regulatory and fiscal reforms with the abolition of FIPB, liberalisation of FDI in CORPORATE LAW Vineet Aneja, Managing Partner at Clasis Law regulatory environment in India to be one of the most difficult to navigate, in my view, this is partly because of the certain inherent challenges in the system and partly due to the fact that the foreign companies often tend to compare it to their jurisdictions, where things are largely streamlined. I won’t deny that India is a complex jurisdiction with overlapping laws due to its federal structure, however, the right kind of legal adviser can help the companies tide over the systemic inefficiencies. The initial process of doing business in India requires patience and once the business is set up, India is a great place to do business. When working with foreign organisations, what is a common misconception when it comes to working in India? There is a very strong perception that statutory approvals and processes take a long time in India and that the system inherently slows down the entire process of setting up a business or doing an acquisition. In our experience, the foreign clients are also very apprehensive about the general compliance burden and more specifically labour and employment, as well as corporate compliances that a company is expected to adhere to. While it is true that foreign organisations do find the Vineet Aneja is the Manag- ing Partner and Head of the Corporate Practice at Clasis Law. He is also a Founding Partner of the firm. Clasis Law is a full service Indian law firm with offices in New Delhi and Mumbai that provides advice on matters relating to Indian law and jurisdiction. On ac- count of the confidence built with the clients, clients have also entrusted them with transactions relating to other jurisdictions including UAE, Finland, Nepal, Bangladesh, Pakistan, UK, USA. Expertise within the firm spans a range of practice areas including corporate and commercial, aviation & aerospace, banking & fi- nance, insurance, retail, hos- pitality, infrastructure, real estate, intellectual property, employment law, competi- tion, compliance & auditing, shipping & international trade law, TMT, litigation & dispute resolution. The firm acts for a diverse Indian and interna- tional client base across a number of sectors. VINEET ANEJA FIRM PROFILE SHOULD WE INVEST IN INDIA? Email: | M: +91-9810405782 (India) Vineet Aneja divides his time between managing his practice as well as steering the overall management of his firm. “With the nature of corporate practice being sector neutral, my team and I are regularly called upon to address matters relating to corporate law by sector specialist teams.” Having said that, leading a firm is a full-time job: “The bulk of my time is spent on forging strategic partnerships with global firms, considering business expansion and growth, managing client relationships, laying the roadmap for the firm, staffing needs, being available for my lawyers and clients whenever they need me and at times taking certain hard decisions.” Regardless of how pressured Vineet may be, he still has taken the time to share interesting insights into the investment scope in India. We ask: should we invest in India? Vineet shares his thoughts with us below.

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