Latest news with #DSKLegal
Al Etihad
2 days ago
- Business
- Al Etihad
Indian legal firm opens offices in Abu Dhabi, Dubai
17 Aug 2025 10:19 A. SREENIVASA REDDY (ABU DHABI)DSK Legal, an Indian full-service legal consultancy, has secured regulatory approvals to open offices in Abu Dhabi and Dubai, a statement from the Mumbai-based firm said. 'With these new offices, DSK Legal aims to support Indian clients with operations in the MENA region, as well as international clients looking to enter or enhance their presence in the Indian market,' the statement Desai, Managing Partner at DSK Legal, said the decision was prompted by rising demand from Indian corporates for legal support in the UAE.'There has been a clear and growing interest from our clients and other Indian businesses to establish or expand their footprint in the UAE across several sectors. With the establishment of our offices at Abu Dhabi Global Market (ADGM) in Abu Dhabi and Dubai, we are well-positioned to support Indian companies with operations in the UAE, as well as foreign clients with interests in India,' Desai told Indian Kumar, who has more than 25 years of legal experience across India, the Middle East and Africa, will serve as resident partner in the UAE. His legal expertise spans corporate governance, compliance, litigation and mergers and Ali Mohammad Magrey, former Chief Justice of the Jammu & Kashmir and Ladakh High Court, will act as senior advisor to the UAE move comes at a time when India and the UAE are deepening bilateral ties across trade, investment, and strategic cooperation.'DSK Legal's on-ground presence in the region will enhance its ability to advise clients on cross-border matters, including the legal aspects of market entry strategies, leveraging the firm's strong track record,' the statement in April 2001, DSK Legal began with just seven lawyers and has grown into a multi-disciplinary team of more than 300 professionals, including over 60 partners and associate partners, supported by experienced firm operates from offices in Mumbai, Delhi, Bengaluru and Pune, and has built a strong reputation for its pragmatic, innovative and value-based legal advice. Its practice spans corporate and commercial law, dispute resolution, real estate and tax, with additional strengths in projects, technology, energy, financial services, sports, media, and international arbitration. Reflecting on its journey, DSK Legal notes: 'We have attracted some of the best talent from leading law schools in India and abroad. We have strong relations with several international and domestic law firms in jurisdictions across the world, which help us provide clients with assistance on cross-border matters.' Source: Aletihad - Abu Dhabi
Time of India
5 days ago
- Business
- Time of India
DSK Legal enters UAE with Dubai, ADGM offices to strengthen India–MENA corridor play
DSK Legal is expanding its presence in the India-UAE business corridor by opening offices in Dubai and Abu Dhabi Global Market (ADGM). This strategic move aims to serve Indian companies operating in the Gulf and global clients seeking opportunities in India. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Full-service law firm DSK Legal has received regulatory clearance to open offices in Dubai and the Abu Dhabi Global Market (ADGM), in a move aimed at expanding its footprint across the India–UAE business corridor and the wider Middle East and North Africa ( MENA ) move will allow the Mumbai-headquartered firm to serve Indian companies with operations in the Gulf as well as global clients seeking to enter or expand in India, DSK said in a statement. The practice areas will cover projects, real estate, technology, energy, financial services, sports, media and international arbitration.'There has been a clear and growing interest from our clients and other Indian businesses to establish or expand their footprint in the UAE across several sectors,' said Anand Desai, managing partner at DSK Legal. 'With the establishment of our offices in Abu Dhabi and Dubai, we are well-positioned to support Indian companies with operations in the UAE, as well as foreign clients with interests in India.'The offices come as India and the UAE deepen trade and investment ties, following a 2022 free trade agreement that has boosted bilateral Kumar, a legal veteran with nearly 20 years in the UAE and Africa, will be resident partner, while former Jammu & Kashmir and Ladakh High Court chief justice Ali Mohammad Magrey will act as senior this expansion, DSK Legal becomes one of the few Indian law firms to establish a direct presence in two leading global financial and legal hubs of West in 2001, DSK Legal operates from offices in New Delhi, Bengaluru and Pune apart from Mumbai and has grown into a multi-disciplinary practice with over 300 professionals, including 60 partners and associate partners.
Economic Times
30-07-2025
- Business
- Economic Times
Sona fires salvo, issues cease-&-desist notice to Rani Kapur
Sona BLW Precision Forgings (Sona Comstar) has cranked up the heat by issuing a cease-and-desist notice to Rani Kapur, mother of Sunjay Kapur, the former chairman of the company, to restrain her from spreading unlawful and defamatory information, said people in the know. Claiming significant reputational and financial damages solely due to her communication, the notice has also asked Rani to withdraw her letter dated July 24th to the company's board, shareholders and various other stakeholders within 24 hours. Failure to comply within 3 days of receiving the notice could result in civil or criminal actions against her and any other person found to be involved with her, the notice has warned. 'Vehemently denying' all the allegations made by her late last week, regarding mismanagement and coercion, the company has claimed the allegations were 'malafide, false, unwarranted and uncorroborated.' Legal sources close to Rani Kapur confirmed that they have received the notice from the company through law firm DSK Legal. They said she is also in the process of filing a reply in due course of time after discussing with her legal counsels. 'The way things are panning out, including blocking of all the information and banks accounts of Rani, she is left with no option to move the National Company Law Tribunal.,' these sources said, adding the NCLT Chandigarh may be the right forum. Rani on Thursday had sought the deferment of the company's annual general meeting (AGM) while alleging that she was 'coerced' into signing documents behind locked doors when she was grieving, and that some people were trying to usurp Kapur family's legacy. The company went ahead with the AGM, after it sought legal advice, claiming Rani was not a shareholder of the company and thus had no legal ground to seek a postponement. Sunjay Kapur passed away at 53 on June 12 after suffering a heart attack in the UK while he was playing polo. On Monday, the company upped the ante by sending the notice to Rani and also sent a copy to the stock market regulator, Sebi, the sources mentioned above notice also questioned the timing of Rani's 'ill-advised and factually wrong' letter, sent just one day prior to the AGM. That, it said, shows motive to cause harm to the company and illegal interference. Rani, the letter reiterated, is not a shareholder and has no role in operations. Neither did she hold any managerial, executive or fiduciary role in the company at least since on the fact that the company has turned around its operations after the death of founder Surinder Kapur largely on account of its 'professionally managed business operations.'Currently 71.98% of the company is held through public shareholders, including institutional shareholders like banks, mutual funds, financial institutions and FIIs. 28.02% of the company is held by the promoters via Aureus Investments Pvt Limited (AIPL) After the sudden death of Sunjay, the company, as per its notice, maintained full transparency and made required public disclosures, appointed a new chairman, and held an AGM. Sunjay's wife Priya Sachdev was appointed a non-executive director of the board based on a nomination received from AIPL. Her appointment was also ratified by shareholders on Friday's AGM. Outcomes of all board meetings have also been informed to the regulatory authorities and are publicly available. The company has therefore described her actions as 'lamentable.'Shares of Sona BLW have been down close to 3 percent over the past five company also issued a public statement on Monday evening to 'protect' shareholders' interest in the middle of the ongoing tussle over family representation on the board, clarifying that Rani has 'no locus standi' on any matter related to the rubbishing claims that Sona is a family run enterprise, the statement said the promoter vehicle Aureus Investments Aureus has no special rights or control, and is represented by only one non-executive board seat since the public issue of the company. The six independent directors and two executive directors currently on board have no relation to the family."The current board of 9 members include two executive directors — both seasoned professionals with no affiliation to the Kapur family — and six independent directors with exemplary reputations and distinguished careers. The promoter entity holds no executive roles and has no involvement in day-to-day management or strategic control of the Company," said the statement. ( Originally published on Jul 28, 2025 )
Time of India
29-07-2025
- Business
- Time of India
Sona fires salvo, issues cease-and-desist notice to Rani Kapur
Sona BLW Precision Forgings (Sona Comstar) has cranked up the heat by issuing a cease-and-desist notice to Rani Kapur , mother of Sunjay Kapur , the former chairman of the company, to restrain her from spreading unlawful and defamatory information , said people in the know. Claiming significant reputational and financial damages solely due to her communication, the notice has also asked Rani to withdraw her letter dated July 24th to the company's board, shareholders and various other stakeholders within 24 hours. Failure to comply within 3 days of receiving the notice could result in civil or criminal actions against her and any other person found to be involved with her, the notice has warned. 'Vehemently denying' all the allegations made by her late last week, regarding mismanagement and coercion, the company has claimed the allegations were 'malafide, false, unwarranted and uncorroborated.' Legal sources close to Rani Kapur confirmed that they have received the notice from the company through law firm DSK Legal. They said she is also in the process of filing a reply in due course of time after discussing with her legal counsels. 'The way things are panning out, including blocking of all the information and banks accounts of Rani, she is left with no option to move the National Company Law Tribunal .,' these sources said, adding the NCLT Chandigarh may be the right forum. Rani on Thursday had sought the deferment of the company's annual general meeting ( AGM ) while alleging that she was 'coerced' into signing documents behind locked doors when she was grieving, and that some people were trying to usurp Kapur family's legacy. The company went ahead with the AGM, after it sought legal advice, claiming Rani was not a shareholder of the company and thus had no legal ground to seek a postponement. Sunjay Kapur passed away at 53 on June 12 after suffering a heart attack in the UK while he was playing polo. On Monday, the company upped the ante by sending the notice to Rani and also sent a copy to the stock market regulator, Sebi, the sources mentioned above added. The notice also questioned the timing of Rani's 'ill-advised and factually wrong' letter, sent just one day prior to the AGM. That, it said, shows motive to cause harm to the company and illegal interference. Rani, the letter reiterated, is not a shareholder and has no role in operations. Neither did she hold any managerial, executive or fiduciary role in the company at least since 2019. Harping on the fact that the company has turned around its operations after the death of founder Surinder Kapur largely on account of its 'professionally managed business operations.' Currently 71.98% of the company is held through public shareholders, including institutional shareholders like banks, mutual funds, financial institutions and FIIs. 28.02% of the company is held by the promoters via Aureus Investments Pvt Limited (AIPL) After the sudden death of Sunjay, the company, as per its notice, maintained full transparency and made required public disclosures, appointed a new chairman, and held an AGM. Sunjay's wife Priya Sachdev was appointed a non-executive director of the board based on a nomination received from AIPL. Her appointment was also ratified by shareholders on Friday's AGM. Outcomes of all board meetings have also been informed to the regulatory authorities and are publicly available. The company has therefore described her actions as 'lamentable.' Shares of Sona BLW have been down close to 3 percent over the past five sessions. The company also issued a public statement on Monday evening to 'protect' shareholders' interest in the middle of the ongoing tussle over family representation on the board, clarifying that Rani has 'no locus standi' on any matter related to the company. While rubbishing claims that Sona is a family run enterprise, the statement said the promoter vehicle Aureus Investments Aureus has no special rights or control, and is represented by only one non-executive board seat since the public issue of the company. The six independent directors and two executive directors currently on board have no relation to the family. "The current board of 9 members include two executive directors — both seasoned professionals with no affiliation to the Kapur family — and six independent directors with exemplary reputations and distinguished careers. The promoter entity holds no executive roles and has no involvement in day-to-day management or strategic control of the Company," said the statement.
Time of India
26-05-2025
- Business
- Time of India
Law firms plot a new course through geopolitics
Mumbai: Geopolitical risk, once largely the domain of defence analysts and diplomats, is gradually gaining attention in corporate boardrooms, with companies increasingly recognising its potential impact, and law firms are seizing the business opportunity. An increasing number of law firms in the country are considering developing geopolitical risk assessment advisory services or enhancing their existing offerings by bringing in expertise across international relations, government policy, economics, cross-border taxation and regulatory risk to better support their clients. Firms such as DSK Legal, Economic Laws Practice, Trilegal and Capstone Legal are building their capabilities in this segment. "We are seeing an increasing number of questions being asked in relation to insurance cover, capex commitments and business projections, data privacy and employment agreements," said Anand Desai, managing partner, DSK Legal. "Force majeure clauses are negotiated more vigorously and companies are very sensitive about forex hedging and other similar measures, seen as prudent in the volatile and uncertain times we are living in." DSK Legal has a government policy and strategic advisory practice which is now actively collaborating with former bureaucrats, diplomats, defence experts, cross-border tax experts and economists. Live Events "In addition to our regulatory practice, we have established a crisis management and policy advisory practice, which are growing rapidly," said Desai. The importance of the advisory can be ascertained by the fact that DLA Piper, one of the biggest law firms in the world, is also reportedly in talks with the former UK Prime Minister David Cameron to associate with the firm for advising its clients on pressing cross-border issues. Major international law firms such as Hogan Lovells, Norton Rose Fulbright and Gibson Dunn have been advising clients on these issues for years. Ashish K Singh, managing partner at Capstone Legal, said the firm recently advised an Indian telecom value-added services provider in setting up a company in Nigeria, for which it had to engage an economist and accounting firm from the region to provide detailed geopolitical and legal risk analyses to the client. Similarly, a German company setting up a solar power plant in Rajasthan sought the law firm's help to understand the relationship between the state and the central government and its implications on businesses in the state. "As clients seek legal guidance not only on compliance and contracts but also on navigating political volatility , law firms are positioning themselves to offer counsel that spans beyond statutes, into strategy," said Singh. "Investors are more attuned to the potential impact of regional conflicts, sanctions regimes and shifting diplomatic alliances on everything from logistics and regulatory compliance to financial performance and brand perception." Suhail Nathani, managing partner at Economic Laws Practice, said the firm has presented to several boards recently likely scenarios and plan B options. "We have noticed the boardroom paying far more attention to these issues than previously," he said. Yogesh Singh, partner at Trilegal, said law firms are also mapping overlapping and conflicting regulatory environments to guide investment, partnership and structuring decisions, something that is relevant to sectors such as pharmaceuticals, fintech and defence, where local compliance and national interest are tightly interwoven. Economic Times WhatsApp channel )
