India Business Law Journal celebrates 50 of the most significant deals and disputes of 2012 and reveals the legal architects that guided them to fruition

The global financial crisis threw up many opportunities for Indian companies, but most of the deals in 2012 were driven by a desire to take their business forward rather than amass trophy assets like earlier. Power and roads projects are gaining momentum, impacting project finance big time. Like the Chinese, Indians too are buying up coal mines in Australia and Africa.

It’s also payback time in India. Five years ago when the economy was growing at 8%, companies issued convertible debt instruments to fund their aggressive plans to expand capacity and reach out to newer markets at home and overseas. With redemption pressures, there’s heightened activity in the corporate debt restructuring arena. According to the Reserve Bank of India, some US$7 billion of Indian foreign currency convertible bonds (FCCBs) are maturing by 31 March 2013. Default or restructuring is expected to affect two-thirds of the FCCBs according to credit rating agencies.

Following a lengthy period of research and consultation, India Business Law Journal has identified 50 landmark deals and disputes that were sealed between December 2011 and December 2012. The winning deals and cases, which are divided into seven categories, have been chosen subjectively based on transactional data, submissions received from Indian and international law firms, and interviews with India-focused legal and corporate professionals.

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The disputes are not listed in rank order. The principal law firms that worked on each deal are listed alphabetically.