Bomi Daruwala

Practice Areas

• Mergers & Acquisitions and Private Equity

• General Corporate & Commercial

• Employment laws

• Insolvency & Bankruptcy

• Tax

Professional Memberships

Admitted to the Bar Council of Maharashtra & Goa (licensed to practice in India)

Personal

Mr. Bomi Daruwala is the Joint Managing Partner and is based out of Mumbai. He has been associated with the Firm since 1988. He is also a qualified Chartered Accountant and Cost Accountant. Primarily a transactional lawyer, he specializes in mergers & acquisitions, private equity, joint ventures, strategic alliances and business divorces, restructuring of business, asset and share purchase deals, takeovers, divestitures, securities offerings, inbound and outbound investments, joint ventures/collaborations, private equity, labour laws, tax and general corporate advisory.

He advises clients in a variety of sectors including information technology, power, energy, telecom, financial services, insurance, life sciences, engineering, manufacturing, consumer goods, real estate, energy, education, etc. and has represented several large Indian companies and multinationals. His extensive transactional experience includes corporate finance, corporate reorganizations, corporate governance, exchange control regulations advisory, entity formation and maintenance, and the drafting and negotiation of a variety of commercial agreements.

He advises clients in a variety of sectors including information technology, power, telecom, banking, insurance, life sciences, engineering, consumer goods, real estate, etc. and has represented several large multinationals. His extensive transactional experience includes corporate finance, corporate reorganizations, corporate governance, exchange control regulations advisory, entity formation and maintenance, and the drafting and negotiation of a variety of commercial agreements.

Mr. Daruwala has been independently endorsed as a Distinguished Practitioner in Corporate/ M&A by ‘Asia Law Leading Lawyers, 2022’ and ‘Who’s Who Legal – M&A and Governance, 2022’. He has also been recognised as a leading practitioner in the ‘Corporate/ M&A’ practice areas by ‘Chambers and Partners (2022)’, ‘Asia Pacific Guide’ and ‘Asia Pacific Legal 500 (2021)’.

He is a frequent speaker at several national and international conferences and seminars organized by leading professional bodies and chambers on subjects like M&A, Takeover Code, Foreign Direct Investment and structuring of Joint Ventures and other topical issues.

Work Highlights

• Advised Airport Company of South Africa Limited on all aspects of the transaction which involved litigation and arbitration with promoters of Mumbai International Airport Limited (“MIAL”) (GVK group), in respect of sale of 10% equity shareholding in MIAL to Adani Airport Holdings Limited.

• Advised Accel-KKR in acquisition of Accertify, Inc.,U.S.A.(including its Indian subsidiary), a wholly owned subsidiary of American Express.

• Advised Becton, Dickinson and Company, U.S.A. a leading global medical technology company in acquisition of Edwards Lifesciences' Critical Care product group in India.

• Advised Brückner Group GmbH, Germany in the internal restructuring of the Indian subsidiaries of the Bruckner group entities and advised on the transaction of share purchase of its Indian subsidiaries and issues in connection with the internal group restructuring from an Indian law perspective.

• Advised Idea Cellular Limited in drafting, negotiating and finalisation of the scheme of amalgamation and arrangement with Vodafone India Limited and Vodafone Mobile Services Limited and subsequent joint venture between Idea and Vodafone.

• Advised Indian Hotel Companies Limited (IHCL) on its joint venture with Government of Singapore Investment Corporation (GIC) for investment and acquisition of hotels.

• Advised Nord Holdings, Germany in connection with the sale of Bock Compressors India Private Limited to Danfoss.

• Advised Perrigo Netherlands BV and Perrigo Israel Holdings II BV in divestment of their 100% shareholding in Perrigo API India Private Limited to Strides Shashun Limited.

• Advised UltraTech Nathdwara Cement Limited in assignment of loans and divestment of equity stake in 3B Binani Glassfibre Sarl Luxembourg (and other stepdown subsidiaries) which it had acquired pursuant to enforcement of pledge on shares of 3B Binani Glassfibre Sarl Luxembourg (“3B”) owing to default by 3B on the loan from IDBI Bank Limited pursuant to UltraTech Cement Ltd.’s acquisition of Binani Cement Limited (subsequently renamed UltraTech Nathdwara Cement Limited), under the Insolvency and Bankruptcy Code, 2016.

• Advised Upfront Inc. U.S.A. and its Indian subsidiary, Patientbond India Private Limited, with respect to the acquisition of Upfront by Health Catalyst, Inc.

Experience

He is a frequent speaker at several national and international conferences and seminars organized by leading professional bodies and chambers on various subjects.

Languages Spoken

English, Hindi and Gujarati

Education

Awards