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HSA Advocates

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Firm Overview:
‘Committed to putting our legal acumen and solution oriented approach to work for our clients.’

Since the firm’s inception in 2003, HSA Advocates (HSA) has consistently been recognised amongst one of India’s foremost and trusted full service legal advisors to corporates, financial institutions, PE and VC funds, governments and public sector enterprises. Drawing strength from the collective experience of its people, the exceptional diversity of its profiles and deep sector understanding, at HSA each and every lawyer invests in servicing clients with utmost sincerity, keeping the client’s interest paramount. This is demonstrated by the high level of commitment and ability to find pragmatic solutions that are unique and rooted in deep insights of a client’s business. This allows the firm to not only help clients mitigate risks but also find solutions that create a pathway of success. The in-depth knowledge of policy-legal-regulatory and commercial risks and the subtle nuances that influence the underlying sectors/industries is a key differentiator that sets the firm apart.

Clients acknowledge and recognise HSA for the professionalism and commercial perspective brought to assignments; strong commercial acumen, managing transactions in an efficient and cost-effective manner and to address and resolve demanding commercial and legal issues in a practical manner has always been recognised by the clients as strong points of HSA.

Led by a growing collegium of partners who are legal experts of great repute, the firm has a well-established full service capability to serve clients across multiple industries and sectors including automotive, aviation, banks and financial institutions, ecommerce, education, energy including renewable energy, environment, health and safety, hospitality and healthcare, infrastructure-urban and rural, insurance, manufacturing, media and entertainment, mining and exploration, oil and gas, pharmaceuticals, PPP projects, real estate, retail and FMCG, services sector, smart cities, transport, telecommunication, IT and software. With offices in New Delhi, Mumbai, Bengaluru and Kolkata, HSA Advocates’ credentials are a testimony of its ability to attract the best and brightest talent and the firm’s belief in nurturing teams with the requisite skills, in particular cultivating sector-specific expertise.

Main Areas of Practice:

Banking & Finance
Corporate M&A
Competition/Antitrust
Disputes & Litigation
Environment & CDM
Infrastructure/Projects & Energy
Intellectual Property Rights (IPR)
Private Equity
Real Estate
Regulatory & Policy
Securities & Capital Markets
Taxation
Technology, Media & Telecom (TMT)

HSA’s main areas of practice are corporate M&A, foreign investment and joint ventures, private equity, banking and finance, project finance, disputes including international arbitration, regulatory and policy, infrastructure/projects and energy including PPP projects, environment, health and safety, IP, labour and employment, real estate, securities and capital markets, taxation, TMT and competition and antitrust. Some recent marquee transactions include:
■ Altran (a conglomerate headquartered in Paris, France) on acquisition of Aricent and its subsidiaries across the globe
■ Royal Group, UAE on a primary investment in Coldrush Logistics a leading logistics and cold supply company in India
■ Eternis Fine Chemicals on acquisition of 100% of share capital of AIMS Impex Pvt Ltd
■ Ostro Energy (Actis GP, LLP) engaged as co-counsel for Project Olive i.e. Sale of Ostro Energy Platform to Renew Power Ventures in a deal valued at USD 1.66 B, enhancing Renew Power’s portfolio to 5,600 MW
■ Tata Steel has pursuant to a share purchase agreement with JL Power Ventures acquired majority stake in Bhubaneswar Power, which owns a 135 MW thermal power plant at Anantapur Village in Cuttack, Odisha. Tata Steel already owns 26% stake in the Company along with its subsidiary, TS Alloys
■ Orind Refractories, China in an arbitration proceeding initiated under ICA before a tribunal comprising of three arbitrators against Rashtriya Ispat Nigam (Vizag)
■ ReNew Power, Orange Group, Ostro Energy, CLP India, Mytrah Energy, Hero Future Energies & Greenko Group who collectively own 19 wind power projects in Rajasthan in relation to a common issue of ‘forced backing down of generation’ despite having a status of ‘Must Run’ plant
■ A Government of India company in relation to multiple international commercial arbitrations seated in London, UK and Dubai under the arbitral rules of UNCITRAL arising out of an oil and gas exploration and production project and an oil pipeline transportation project in Africa
■ Mumbai International Airport Ltd, assisted in the matter, where the levy of development fee at the airport has been challenged before the Airport Economic Regulatory Authority Appellate Tribunal (AERAAT) by airlines on various grounds
■ Solenergi Power (Energy Fund Platform for Actis GP, LLP London), appointed as a selected bidder for development, operation and maintenance of 250 MW (Unit 3) out of the 750 MW REWA UMPP Solar Power Project at Rewa, Madhya Pradesh, India
■ Advising a major international engineering and consultancy firm in relation to the 9900 MW Jaitapur nuclear power plant project in Maharashtra. This plant once built would be one of the largest nuclear power generating stations in the world
■ IFC, assisted in structuring PPP projects in India, Bangladesh and Philippines pertaining to transport infrastructure, healthcare, solar energy and transmission line
■ STEC, China, advising on EPC contracts and joint venture agreements in relation to the development of Package 1 and 7 under Line III of the Mumbai Metro Project
■ Cofides, (a joint state and privately owned Spanish company) acted as the legal counsel in relation to a project loan of INR 4,374 Crores taken by one of its Indian investee companies which is developing transmission lines in Uttar Pradesh, India
■ CMA Terminals (a French company), acted as the legal counsel in relation to a foreign currency project loan proposed to be availed by its Indian joint venture company which is constructing and developing a new terminal at the deep water berth

Articles, Highlights and Press Releases

Total 6 Articles, Highlights and Press Releases

HSA acted as legal advisors to the IFC and Bhubaneswar Municipal Corporation

Ajoy Halder, Akshay Malhotra, Harsh Arora, Hemant Sahai, Anjan Dasgupta

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HSA represented Statkraft BLP Solar Solutions for a solar power plant in Karnataka

Ajoy Halder, Akshay Malhotra

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HSA has been selected as the International Legal Consultant for the Clark Airport PPP project

Ajoy Halder, Akshay Malhotra, Anjan Dasgupta

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