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India Practice

For over twenty years, Stikeman Elliott has been a dominant Canadian legal presence in Asia. Historically, the firm focused on Canadian investment into Asia. Today, reflecting the position of Canada as a target for a rapidly expanding Indian economy, the firm also provides advice through its Canadian, London and Sydney offices on a large number of significant transactions from India into Canada. With a national and international network of 500 lawyers, our expertise extends to virtually every area of Canadian business law, particularly mergers and acquisitions, corporate finance, banking, competition/antitrust, foreign investment/regulatory, taxation, energy, oil and gas, infrastructure, technology, real estate and mining.

Our work with Indian clients in the context of corporate transactions includes providing strategic advice, advising boards of directors and navigating relevant legislation, foreign investment regulation and disclosure requirements. Our firm has the expertise and experience to advise Indian clients through the full range of legal issues relevant to take-overs, acquisitions and investments of all kinds, in order to complete the transaction in the most efficient and effective way. The firm is among the world's top-ranked law firms for M&A work emanating from Asia, according to Thomson Reuters, and the leading law firm acting on Canadian M&A deals, according to Mergermarket. We have been endorsed by the India Business Law Journal, which has named Stikeman Elliott as one of the best international law firms for India-related work in M&A transactions, joint ventures, corporate finance, foreign investment approval and competition/antitrust.

Specific recent experience includes acting for:

  • A syndicate of underwriters, led by RBC Capital Markets, in the US$500M IPO of Fairfax India Holdings Corporation. The IPO, together with concurrent private placement investments by Fairfax Financial and cornerstone investors, created a US$1B issuer.

  • CX Partners and Capital Square Partners, as Canadian counsel, in their US$260M acquisition of Aditya Birla Minacs.

  • Indian Oil Corporation Limited in its agreement with Progress Energy Canada Ltd., Pacific NorthWest LNG Ltd. and Petroliam Nasional Berhad (PETRONAS) to acquire a 10% interest in Progress Energy's natural gas reserves in northeast British Columbia and in the proposed Pacific NorthWest LNG export facility on Canada's West Coast, and related joint venture arrangements.

  • Jindal Group in its C$116M acquisition of CIC Energy Corp.

  • Tata Steel in its agreement with New Millennium Capital to fund the Taconite project located in Canada, with a potential value of approximately C$4.9B.

  • Baffinland Iron Mines Corporation in the C$593M acquisition by ArcelorMittal S.A. and Nunavut Iron Ore Acquisition Inc.

  • Tata Steel Global Holding Pte. in its C$300M acquisition of an 80% stake in a direct shipping ore project located in Canada owned by New Millennium Capital Corp.

  • Mittal Steel N.V. in its US$33B bid for Arcelor.

  • Essar Global in its C$1.85B acquisition of Algoma Steel.

  • Essar Global in its US$400M cross-border offering of debt securities.

  • JSW Energy in its C$418M bid for CIC Energy Corp.

  • DPF India Opportunities Fund in its C$200M initial public offering.

  • Essar Steel Algoma Inc. in an injunction hearing in the Ontario Superior Court of Justice, successfully securing a non-interruption of iron-ore shipments.

  • Tata Motors as Canadian counsel in its winning US$2.3B bid to acquire Jaguar and Land Rover.

  • ICICI Bank Canada as financier in Jubilant Organosys Ltd.'s US$255M acquisition of DRAXIS Health Inc.

  • Rain Commodities Inc. in its C$437M bid to acquire the assets of Great Lakes Carbon Income Fund.

  • The lenders in the C$6B acquisition of Novelis Inc. by Hindalco Industries Limited.

  • A number of Indian investment banks in a series of private placements in Canada by major Indian corporations, including GMR Infrastructure, Reliance Infratel, ICICI Bank, Sterlite Industries, Idea Cellular, Punjab National Bank and Jet Airways.

 
Related Practices
Contacts
Key Contacts

Montréal:
Erik Richer La Flèche

Toronto:
William J. Braithwaite
Dee Rajpal
Stewart Sutcliffe

Ottawa:
Justine M. Whitehead

Calgary:
Leland P. Corbett 
Frederick Erickson

Vancouver:
Noordin S.K. Nanji

New York:
Kenneth G. Ottenbreit

Sydney:
Brian G. Hansen

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