On the basis of its offshore practice and an international network which attracts clients from all over the world and very large deals, Appleby moves into the top category. Consensus is that its Mauritian practice is still quite junior, but it is very active and, says a competitor, "has increased its market profile and had a very good run"....
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On the basis of its offshore practice and an international network which attracts clients from all over the world and very large deals, Appleby moves into the top category. Consensus is that its Mauritian practice is still quite junior, but it is very active and, says a competitor, "has increased its market profile and had a very good run".
"Very strong in the offshore sector," says a client, "it is the best because it has the international network, the work did not demand a very high level, drafting securities documents and not structuring the deal, but they were responsive, knowledgeable and gave answers quite quickly". The size of the team also gives the firm an edge in terms of capacity and responsiveness.
"Like most firms it is a mix bag, Malcolm Moller is always quite responsive, comes back to me quite well, you can always get hold of people if you need them," says another client, "but in other firms the main person is always in court." Moller leads on all deals along with associates Anjana Ramburuth and Kate Li.
The firm provided advice to a Morgan Stanley Infrastructure led consortium on the Mauritian aspects of a $450 million acquisition of a 44% stake in power company Asian Genco, the biggest private equity deal in India in two years. In January 2011 the firm gave local law advice to O3b Networks on a $1.2 billion financing from global financiers to create a global backbone internet service.
The firm gave also advice as local counsel to HSBC on a $290 million loan to the Mauritian incorporated Godrej Consumer Products for its acquisition of Indonesia-based PT Megasari Makmur Group. The office was also providing advice in relation to American International Group (AIG) in connection with actions taken in cooperation with the US Treasury and the Federal Reserve Bank of New York (FRBNY) on the US government's $80 billion plus investments in AIG.
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