London Dhaka
     
 

Insurance

   
  • Regulatory approvals and advising on foreign direct investment in insurance pre-post-entry compliances

  • Acquisition and/ or sale of insurance companies

  • Corporate reorganization

     

 

The firm’s insurance team advises clients on contentious and non-contentious issues as mentioned above. We also represent insurance companies at the trial and appellate stages in Tribunals and other forums.


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Recent Developments in FDI
In a recent development, the Government of India (“GOI”) has pushed through the move to allow foreign direct investment (“FDI”) in multi-brand retail. This will allow global retail giants like WalMart to set up deep-discount stores in India. However, GOI has allowed state governments to decide whether to allow FDI
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Recent Deals
FoxMandal (FM) is the legal advisor to US based Vornado Realty Trust, one of the largest owners and managers of real estate in USA with respect to its recent 50:50 joint venture worth approximately USD 500 million with Mukesh Ambani led Reliance Industries to set up real estate development projects including malls and shopping centres.
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