Pranav Srivastava

Pranav Srivastava is a Partner based in the New Delhi office of the Firm. His primary practice area is Mergers and Acquisitions, and he focuses his practice on technology (including IT and FinTech), life sciences, healthcare, infrastructure, power, oil and gas, and EPC/construction sectors.

In these sectors, his practice comprises advising clients on transactional work as well as representing them on high-value commercial disputes. His transactional experience includes advising clients on cross-border (both inbound and outbound) investments, mergers and acquisitions, private equity, joint ventures, corporate restructuring, appointment of contractors (including by conducting bidding processes) and general contracting work.

He has authored several publications and frequently speaks on a variety of topics in international fora. He is also an Officer at the International Bar Association.

His representative transactional experience includes advising Definitive Healthcare, a NASDAQ-listed entity, on the India leg of the acquisition of Analytical Wizards, an industry leader in delivering technology-enabled advanced analytics to life sciences companies; advising Junio on its pre-Series A round of funding led by UAE-based NB Ventures with significant participation from existing investor Rajiv Dadlani Group; and advising Padmini VNA Mechatronics on a joint venture with Vitesco Technologies (part of the Continental group) to manufacture and sell automotive parts in India.

He also advised Abu Dhabi Development Holding Company P.J.S.C (ADQ), a sovereign wealth fund located in Abu Dhabi, on its investment in CollegeDekho, an online college admissions and higher education services platform; advised Quaker Chemical Corporation on the acquisition of a 45% stake in its Indian joint venture from its exiting joint venture partner Asianol Lubricants; advised Petronet LNG Limited on its acquisition of a 26% stake in an LNG ship-owning company in Singapore; advised Dufry AG on the acquisition of Nuance Group for a consideration of CHF 1.55 billion on a debt- and cash-free basis; and advised Think Gas on drafting its model and template gas sale purchase agreements for the sale of gas through its CGD network.

He advised Höegh LNG on the chartering of its Floating, Storage and Regasification Unit (FSRU), Höegh Giant, for H-Energy's LNG import terminal in Jaigarh, Ratnagiri district, Maharashtra — the first FSRU-based LNG import terminal to commence operations in India, with Höegh Giant being the first FSRU to operate in India. He also advised GSPC LNG Ltd. on the bidding process for appointment of a contractor for the design, engineering, procurement and construction of a sea water intake and outflow system for its LNG regasification terminal at Mundra, Gujarat, including drafting, negotiating and finalising the EPC contract and bidding documents.

Other matters include advising Toshiba Corporation, Japan on its participation in bidding for the EPC contract for setting up a 660 MW thermal power plant for Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd, and on its sub-contract arrangement with Doosan Power in relation to an EPC contract for a power project; advising Petronet on its global tender for appointment of a port operator for its LNG terminal at Dahej; advising Indian Oil Corporation on a joint operating agreement with a joint venture partner for exploration, development, production and transport of petroleum resources under a production sharing contract with the Government of India; and advising Petronet on an international competitive bidding for chartering an FSRU for its proposed LNG terminal in Gangavaram, Andhra Pradesh.

His dispute resolution experience includes advising a UK-based shipowner on enforcement of USD 125 million arbitral awards in India against a multinational trading company located in the UAE with some assets in India; advising a large Japanese corporation on its contractual dispute with the distributor of its products in India, including settlement negotiation and litigation strategy; advising a manufacturing entity on a domestic arbitration under an insurance policy with a large public sector insurance company; and advising an Indian subsidiary of a US-based Fortune 500 company on a potential writ petition before the Bombay High Court challenging a bidding process conducted by a government entity in India.

He also advised Alfanar Group, headquartered in Riyadh, Saudi Arabia, with a turnover of US $2.5 billion, on a Euros 120 million acquisition of the entire B2B automation business from India's Crompton Greaves Limited on a global basis; advised Andritz India on a joint venture with a Bhutanese government company for setting up a manufacturing facility for secondary equipment for hydro power plants in Bhutan; advised Mitsubishi-Hitachi Metals Machinery, Inc. on its joint venture with Siemens AG involving the transfer of the metallurgical businesses of Mitsubishi and Siemens AG into a joint venture headquartered in the UK; and advised Intuitive Surgical Inc, a Fortune 500 company, on starting its activities in India involving distribution of robotic surgical arms and systems manufactured by the client.

Further matters include advising HPCL Shapoorji Energy Private Limited on the bidding process for appointment of EPC contractors for setting up storage tanks, marine facilities and regasification facilities for its proposed LNG regasification terminal at Chhara, Gujarat; advising various entities including I Squared Capital and Atlantic Gulf and Pacific Company of Manila on bidding for CGD licences in India under the IXth round of CGD bidding; and advising the US Trade and Development Agency and the Ministry of Railways, Government of India, on the Leasing and Public Private Partnership Framework Project involving the development of new, and modification of existing, leasing and PPP frameworks to attract private sector funding for India's rail network.

His construction dispute experience includes advising Petronet LNG Limited on a high-value construction dispute with a contractor, including representing the client in arbitration proceedings; advising Leighton India Contractors Private Limited on its high-value construction dispute under an EPC contract with Cairn India Limited, including representing it in arbitration proceedings; advising an Indian mining company and its group company located in Ivory Coast on an international arbitration in Singapore with a multinational trading company headquartered in Hong Kong; and advising Drake and Scull on a petition before the Allahabad High Court seeking an ad-interim injunction restraining the invocation of a performance bank guarantee during the pendency of arbitration proceedings.