Infrastructure / Real Estate

VA&A advises on infrastructure related transactions, regulatory and finance issues. Practice includes advising on FDI policy on infrastructure and real estate, negotiation and drafting of participation or consortia agreements, vetting of tender documents, contracts with related parties, finance, regulatory approvals and taxation advice. The clients include global and domestic companies operating in areas of power, road, ports, railways and others.

Since its inception, the firm has been involved in servicing both, the public and the private sector in various Public Private Partnership (PPP) initiatives and projects. Initially, in the absence of any established and clear policy of the Government of India (GOI) on PPP and limited partnership structures/options considered by the GOI, the task of the firm was mainly on advising on the tender laws, contractual, land, dispute resolution laws, undertaking due diligence, drafting/vetting contracts, etc.

The services provided by the firm are in all key sectors: road, bridges, airports, integrated townships, housing, power, special economic zones and others.

The firm is familiar with and from time to time has advised on the various policies, laws, regulations and guidelines of the GOI and state governments relevant to PPP projects. These include:

  • Infrastructure development policy of GOI and States
  • Viability Gap Funding Scheme: eligible sectors, eligibility criteria, project appraisal etc.
  • Guidelines on financing of PPP in infrastructure
  • Guidelines on formulation, approval and appraisal of PPP projects
  • Special Economic Zones: laws, regulations, policy
  • FDI policy in Infrastructure and related projects
  • Land acquisition laws
  • Competitive Bidding documents
  • Procurement laws
  • Model Agreements
  • Corporate, Contractual and Commercial Laws
  • Procedures for regulatory approvals and other clearances
  • Formation of companies
  • Role of Corporate Governance
  • Private Equity Investment
  • External Commercial Borrowing

The service provided by firm ranges from advice on policy for approvals, FDI issues, obtaining finance from banks, environment clearance, land acquisition, establishing SPV, etc.

Real Estate

VA&A has a leading Real Estate practice in the region. The clients include international and Indian developers and real estate advisors, architects and designers, real estate investment funds and other players operating in construction industry.

The services include advising on investment opportunities in and out of India, foreign direct investment issues, regulatory and other approvals, transactions, collaboration agreements, due diligence, title verification, company registry searches, labour laws, tax advice, investment advisory services, deal structuring, securing transactions. The firm provides advice and assistance in lease negotiations; drafting lease document, stamp duty issues, registration etc.

VA&A has advised on a number of real estate and private equity transactions involving infrastructure, real estate, hospitality, share and business acquisitions and disposals, structuring of joint ventures including identification of and negotiating with joint venture partners and documentation of the terms between the parties, incorporation of legal entities and obtainment of the regulatory approvals, privatisation, mergers and acquisitions, private placements, private equity investment related due diligence and documentation, buy-outs and commercial agreements.

The firm advices a number of real estate players and real estate focused private equity investment funds including distress asset funds.

 
     
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