Hogan Lovells Lee & Lee wins two deals of the year for 2021 in India Business Law Journal

Singapore, 28 February 2022 – Hogan Lovells Lee & Lee is delighted to announce that two matters have been selected as winning deals of the year for 2021 in India Business Law Journal (IBLJ).

The following matters have been selected as winning deals of the year for 2021:

  • Flipkart's USD3.6bn funding: A Singapore-based team at Hogan Lovells advised Flipkart Private Limited (Flipkart) on its US$3.6 billion funding to accelerate the growth of the consumer internet ecosystem in India. The fundraise created strong interest from global investors, including sovereign funds, private equity and crossovers in addition to Walmart. The investment values Flipkart at US$37.6 billion post-money. The rapid growth will now rank Flipkart amongst the top 10 e-commerce companies globally and by market capitalization will rank amongst the top 15 companies in India. For more information, click here.
  • Meidensha Corporation dispute with its JV partner, Prime Electric: Hogan Lovells’ Singapore arbitration team were pleased to work with Kochhar & Co in advising on this dispute.

The wins demonstrate that Hogan Lovells Lee & Lee is in the top league of India dealmakers and further strengthens our growing success in the India market.

About IBLJ Deals of the Year

Between 1 December 2020 and 30 November 2021, IBLJ selected 50 landmark deals and disputes that closed, or had a significant development, following intensive research and consultation. The deals and cases were chosen subjectively based on transactional data, submissions received from Indian and international law firms, and interviews with India-focused legal and corporate professionals.

In deciding the winning deals and cases, the editorial team evaluated the significance of all shortlisted contenders from a legal and regulatory standpoint. Deals were chosen not only for their size, but for the novelty and complexity of the transaction or case, and for any precedents that may have been established.


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