Skip to main content Skip to footer menu

Clifford Chance

  • Image of India
marquee video

We've worked on Indian transactions for over fifty years. Clients can draw on our deep Indian experience, our market know-how and the firm’s India Group.

We regularly work on India-related business for both international and Indian clients. As current Indian regulations prohibit foreign firms from having an office in India or advising on Indian law, we do this in cooperation with the Indian bar and we work with carefully chosen Indian law firms.

The India Group – a network of India-experienced lawyers

Every year partners from across our network work with clients on a wide range of India-related corporate and M&A, securities and banking matters. We also have an active India Dispute Resolution and Regulatory practice. These partners are usually members of our India Group, a firm-wide network of lawyers with hands-on experience of in- and out-bound Indian-related transactions. The India Group partners give clients a tried and tested route to our India experience and capability.

Recent examples of our work for international clients include advising on Ballarpur’s US$200 million hybrid perpetual-bond offering and our Project Finance team’s work on the US$350 million financing of the Shapoorji Pallonji toll road project (both Deals of the Year: IFLR, 2012); Bharat Petroleum's investment in the Rovuma Basin gas field in Mozambique (Oil & Gas Deal of the Year: PFI Africa , 2012); the murabaha financing facility to Alok Industries (Deal of the Year: IBLJ, 2013); and Morgan Stanley's 2013 sale of its Indian private wealth management business to Standard Chartered Bank.

Recent examples of our work for Indian clients include advising on Ramky Enviro Engineers' acquisition of Australia's Enviropacific Services in 2013; Indian-owned Griffin Coal’s successful A$7.5 million settlement of a claim by Perdaman Chemicals that originally sought compensation of A$3.5 billion in 2012; and Nagarjuna Oil Corporation’s US$130 million equity issue to Trafigura in 2012, in connection with the construction of an oil refinery in Tamil Nadu, India.

India experts with a proven track record

We're recognised as having deep experience in India. Clients know that we understand India, its legal framework and its business environments.

We've won several Deal of the Year awards and our lawyers are often sought after to speak at legal and business conferences. More importantly, our clients rank us highly:

  • "A deep commitment to India for a long time."
  • "Very detailed, very accurate. The team has a lot of knowledge and I'd hire them again."
  • "The high-quality advice Clifford Chance gives us sets it apart from many others."
  • "Excellent knowledge and very detailed advice."
    Chambers Asia Pacific, 2013

Recent highlights

Awards and milestones

Examples of work include advising:

  • the murabaha financing facility to Alok Industries, one of IBLJ's Deals of the Year, 2013
  • the Green Infra Ltd Project in Rajasthan, for which we won Deal of the Year: PFI, 2012; and acting for SBI in relation to Bharat Petroleum's investment into the Rovuma Basin, Mozambique, for which we won the African Oil & Gas award
  • on four Deal of the Year winners announced by Indian Business Law Journal, 2012, including the Capital Markets award for Wipro's block trade, Restructuring for Lodha Group's convertible debenture restructuring, M&A for Nestle’s acquisition of Pfizer Inc.’s global nutrition business, and Commercial for GAIL's Long Term Purchase of LNG from USA
  • Ballarpur's hybrid offering, For which we won International Project Finance Team of the Year, 2012, and Debt & Equity Linked Deal of the Year
  • a multinational 18-bank syndicate led by Barclays on the simultaneous restructuring of secured loan facilities to Jindal Stainless Limited in the aggregate principal amount of US$250 million of offshore debt
  • US Ex-Im Bank in connection with the financing of a US$2.2 billion, 2,460 CCGT Samlkot power project in India
  • the international lenders in connection with the US$3 billion, 3,906 MW coal-fired power plant in Sasan, India and the development of associated captive coal mines at Moher 
  • Elara Capital on the cashless exchange offer by Subex Limited of US$ secured convertible bonds 
  • Axis Capital Limited, J. P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited as book running lead managers on the proposed sell down of equity shares of Puravankara Projects Limited by its Promoter, Ravi Puravankara, pursuant to OFS mechanism. This was a simultaneous equity raise and promoter-sell down in the same company 
  • Hancock Group on the sale to GVK of two of the company's coal projects in Queensland's Galilee Basin
  • Bayer HealthCare on its joint venture agreement with one of the top five pharmaceutical companies in India, Cadila Healthcare Limited (Zydus Cadila) 
  • 3i on its India Infrastructure Fund
  • Investec plc as arranger in connection with the sale and leaseback of up to 10 B747 aircraft and A320 aircraft for NACIL (Air India).

Directory listings and client comments

Directory listings

Chambers Asia Pacific, 2013:

  • Tier One in Banking & Finance
  • Tier One in Capital Markets
  • Tier One in Investment Funds
  • Tier One in Projects & Energy
  • Two partners ranked Tier One
  • Three other partners ranked in Tier One or Two

Legal 500 Asia Pacific, 2014

  • Ranked in Tier Two

Client comments

  • "Clifford Chance advises across a range of practice areas in India, and is noted for its strength in capital markets, corporate, project finance and dispute resolution matters."
    Legal 500 Asia Pacific, 2014
  • "This magic circle heavyweight maintains an impressive showing in India-related finance work, with aviation and acquisition finance being amongst the team's key areas of expertise"; "Strong connections to the institutional lenders."
    Chambers Asia Pacific, 2013
  • "Clifford Chance maintains an impressive flow of India-related matters. Its activity is especially apparent in the capital markets field, where it has maintained a consistent deal flow despite market conditions"; "Very active in India."
    Chambers Asia Pacific, 2013
  • "This firm draws on resources in several offices, including London, Singapore, Tokyo and Perth, to advise international clients on their Indian operations. The corporate team is well supported by a comprehensive India group with expertise in all major areas"; "Very detailed, very accurate. The team has a lot of knowledge and I'd hire them again"; "A deep commitment to India for a long time."
    Chambers Asia Pacific, 2013
  • "International arbitration remains a core part of Clifford Chance's work in the South Asia region. In an Indian context, it is also frequently engaged by leading international corporates to provide regulatory advice across a range of sectors. The firm has a substantial depth of resources, with partners based in the UK, Australia, Singapore and Hong Kong all offering guidance on recent India-related highlights."
    Chambers Asia Pacific, 2013
  • "This magic circle firm is admired for the breadth of its commitment to India. Its dedicated funds group incorporates partners from its London, Hong Kong, Singapore and Tokyo offices, and is notable for advising a number of Japanese clients on Japan-India matters";  "Excellent knowledge and very detailed advice."
    Chambers Asia Pacific, 2013
  • "This magic circle firm is highly reputed for its finance work and has maintained an impressive level of activity, particularly in relation to energy projects. The practice comprises partners located in the firm's Singapore, London and Washington, and DC offices"; "The high-quality advice Clifford Chance gives us sets it apart from many others."
    Chambers Asia Pacific, 2013