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Veyrah Law advises Pristyn Care on USD 12 Million funding from Sequoia, Hummingbird, Greenoaks & AL Trust

General

Pristyn Care, a health delivery start-up, has raised USD 12 Million in Series B funding from Sequoia Capital (along with its affiliate), Hummingbird Ventures (along with its affiliate), Greenoaks Capital and AL Trust wherein these investors subscribed to preference shares of Pristyn Care. Veyrah Law advised Pristyn Care, led by partner Ajay Joseph; principal associate Arun Mohanty; associates Priyanka Zaveri and Anshul Pandey. The Veyrah Law team assisted Pristyn Care with structuring, drafting/negotiating the term sheet,

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Considering Litigation in India | Part II – Know yourself and your opponent before picking a fight!

Corporate Disputes

This article is in continuation of the earlier article where we outlined the challenges associated with pursuing a litigation in India. As highlighted in our earlier article, litigating in India can be a time consuming and relatively expensive affair. Anyone planning to engage in commercial litigation in India should utilize litigation only as a means

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Considering Litigation in India | Part I – Beware of what you wish for!

Corporate Disputes

It is a common view among members of the business community that engaging in litigation is a time consuming and distracting exercise. It takes away precious resources from the business and management, which can instead be productively deployed in enhancing business value. But, sometimes litigation is inevitable.

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‘Ordinary Course of Business’ in Investment Agreements: Is it Useful Defining the Phrase?

General Corporate, M&A and VC/PE

It is quite common to notice the phrase ‘ordinary course of business’, used across various investment and acquisition agreements. The phrase is used in VC/PE shareholder agreements to allow promoters/founders of investee companies the flexibility to operate without obtaining investors’ consent.

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Veyrah Law advises Pristyn Care on raising USD 4 Million from Sequoia India

General

Pristyn Care, a health delivery start-up, has raised USD 4 Million in Series A funding from Sequoia India wherein Sequoia India subscribed to equity and preference shares of Pristyn Care. Veyrah Law advised Pristyn Care, led by partner Ajay Joseph; associates Anshul Pandey and Priyanka Zaveri.

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Doubtful Receivables in India: The Insolvency Code Solution

Corporate Disputes

The Insolvency and Bankruptcy Code, 2016 (Code) was legislated with the intent to resolve the banking crisis that had engulfed the Indian economy. While the Code provides banks and other financial creditors a theoretically faster mechanism to resolve their bad debts, the infrastructural and procedural aspects surrounding the resolution process are leading to delays.

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Veyrah Law advises OLX on its acquisition of Aasaanjobs

General

Naspers-funded OLX Group has acquired Aasaanjobs to strengthen its jobs classifieds vertical in India for an undisclosed amount. The deal was completed through a combination of a primary investment and secondary share purchase. Veyrah Law advised OLX, led by partner Ajay Joseph; associates Anshul Pandey and Priyanka Zaveri.

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Stuck in an ‘Assured Return’ real estate scheme? The Insolvency Code could help you

Corporate Disputes

The builder community has for long been engaging in an ingenious mechanism of financing construction projects, by offering the public attractive ‘assured return’ schemes as flat / commercial real estate purchases. There are multiple cases of builders having raised large amounts of capital from buyers on the pretext of

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Colonization of the Indian Internet Economy! Are the concerns well-founded?

General Corporate, M&A and VC/PE

The acquisition of Flipkart by the Bentonville behemoth Walmart is giving rise to all sorts of doomsday predictions by experts across various industries. Economists, newspaper editors, investors etc., are all predicting the eventual ‘colonization’ of the Indian internet economy by foreign companies. The reasons offered range from …

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Indemnity in cross-border M&As: Creative structuring is key to deal completion

General Corporate, M&A and VC/PE

Indemnity obligations are par for the course in most M&A transactions, domestic or cross border. In India, indemnity obligations are recognized under contract laws and are enforceable in general. However, a cross border indemnity attracts a layer of complexity with exchange control laws coming into play.

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