Trilegal advised Arçelik, a Turkish company, on its recent agreement with Voltas to establish a joint venture company in India to enter the consumer durables market.
Talwar Thakore & Associates advised Voltas, which is part of the Tata group of companies. Partner Feroz Dubash, who led on the transaction, told India Business Law Journal that negotiations took many years for a number of commercial reasons. “As a result, continuity was an issue and positions taken earlier had to be re-examined,” said Dubash, adding that “this made final negotiations somewhat challenging”. Managing associate Nekzad Dhunjibhoy and associate Gayatri Chadha assisted on the transaction.
Trilegal’s team was led by partner Delano Furtado and comprised counsel Naresh Pareek, senior associate Sunayana Bose and associates Aliya Munsiff and Gavin Pereira.
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