"J Sagar Associates is outstanding in the market, and is among the top firms in the country," says one peer. The firm consolidates its positions in the banking and finance rankings this year....
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"J Sagar Associates is outstanding in the market, and is among the top firms in the country," says one peer. The firm consolidates its positions in the banking and finance rankings this year. One client says: "In any conflict we have this firm is our go-to to take leadership positions. The lawyers there have outstanding technical ability."
A notable matter for the firm was advising DBS, in conjunction with Allen & Overy in Singapore, in a $150 million multi currency acquisition financing. The funds were raised by Fortis Global Healthcare Holdings, which is owned by Fortis Healthcare promoters Malvinder and Shivinder Mohan Singh, for the acquisition of healthcare businesses of the Hong Kong-listed Quality Healthcare Asia.
Partner Somasekhar Sundaresan is highly regarded by practitioners in the country for "excellent ability in all matters relating to securities law."
A high profile matter for the firm was its work on the Morgan Stanley-led consortium's $425 million investment in Indian power company Asian Genco which is developing a 4000 MW portfolio. This is expected to cost $4.5 billion and include hydro, thermal and alternative energy sources. The firm advised on Indian law issues in consultation with a group of international law firms.
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J Sagar Associates is highly recommended for its expertise in corporate matters. A client says: "JSA is a highly professional, diligent and reliable firm....
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J Sagar Associates is highly recommended for its expertise in corporate matters. A client says: "JSA is a highly professional, diligent and reliable firm. Their strong negotiation skills have ensured that contracts were drafted in a balanced manner and red lines expressly included in all contractual documents."
A client is effusive in praise of the firm: "I think that the firm is absolutely fabulous. I don't think it's possible to hire lawyers like the ones there. The team has a very good mix of people who work hard and people who have international experience, which makes it very unique."
The firm advised Temasek Capital of Singapore in a private equity investment of $200 million in GMR Energy through compulsorily convertible preference shares. The transaction posed several challenges and required provision of effective protection to the investor in terms of exits and returns.
Clients recommend the firm for its well balanced and all rounded expertise: "The lawyers' advice is dependable and pragmatic and provides realistic view and interpretation of statutes on a consistent basis. They also have a large portfolio of clients and have good experienced people. Communication is fast and timely to top it off."
A notable transaction for the firm was its representation of Essar Telecom Infrastructure, in the sale of its business to American Tower Corporation for Re21 billion ($450 million). This transaction consisted of a complete sale and exit of the Essar Group from the telecom towers business through their wholly owned subsidiary Essar Telecom Infrastructure.
A client compares firms: "We work with all the law firms. Working with JSA, whose quality of output I think is better, I would recommend the firm because its partners are quite iconic. Some of the individuals there are like brands. I'd recommend them because of that, even without taking into account technical ability. Sometimes you need the brand for the negotiations."
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