Indirect Tax

Khaitan & Co advised Somic Ishikawa Inc. in finalising agreement for acquisition of balance stake from existing joint venture partner, ZF India Pvt Ltd, making Somic ZF Components Pvt Ltd a wholly owned subsidiary of the Somic group. 

The Firm acted as legal counsel to Somic Ishikawa Inc. on all legal aspects of the transaction, including: (i) negotiating, drafting, and reviewing transaction documents; (ii) conducting limited legal due diligence on Somic ZF Components Private Limited; and (iii) assisting with the execution of transaction documents.

Khaitan & Co advised Concept Hospitality Private Limited (CHPL) on the signing of definitive documents with a group company of Marriott International, Inc. (Marriott), to enter into a strategic partnership with Marriott, whereby CHPL’s flagship brand of hotels – The Fern, The Fern Residency and The Fern Habitat – will be affiliated with Marriott’s newly launched regional collection brand – ‘Series by Marriott™’.  Marriott has also agreed to make a small equity investment in CHPL.

Khaitan & Co successfully advised and represented manufacturing and exporting entities viz; (i) Husky Injection Molding Systems SA., Luxemburg (ii) Husky Injection Molding Systems Shanghai Ltd., China (iii) HUSKY INJECTION MOLDING SYSTEMS LTD., CANADA (iv) Husky Injection Molding Systems India (Pvt.) Ltd.

Khaitan & Co advised and assisted IFB Agro Industries Ltd on the proposed acquisition of the entire commercial compound shrimp feed and freshwater fish feed business of Cargill India Pvt Ltd as a going concern on a slump sale basis, along with its manufacturing facilities located at Vijayawada and Rajahmundry in Andhra Pradesh, subject to the terms of the definitive agreements.

Khaitan & Co advised Deserve India on its India-level restructuring and the transfer of assets, from Deserve India to Intuit India. This transaction was part of a larger global acquisition where Intuit Inc., an American multinational fintech company, acquired key technology from Deserve, Inc., a mobile-first credit card platform.