News and Press
TLT on Indian business game show
04 May 2009
TLT has featured in an Indian business game show organised by UK Trade & Investment through the British Deputy High Commission and supported by PricewaterhouseCoopers. The game was designed to showcase British merger and acquisition advisory talent to an Indian business audience and was aired as a two-part series on UTVI, one of India's leading business news television channels.
TLT was the only UK law firm that participated because of the firm's strong links with the Indian market. TLT has been advising leading Indian banks for nearly 25 years on a wide range of banking matters including structuring of transactions, guarantees, security, priority and subordination issues and cross-border issues, including asset-specific finance.
In the programme TLT, alongside HSBC, Standard Chartered, Deloitte, KPMG and others, advised two teams of Indian firms in their attempt to acquire a British company in order to highlight to viewers the different legal, financial and regulatory issues that need to be considered in international acquisitions. The programme also aimed to increase understanding of the role of consultants and advisors in a merger and acquisition scenario.
Richard McBride, a banking and asset finance partner with TLT participated in the programme, which was recorded in Pune, while on a regular visit to Mumbai to meet clients and other business contacts, says "this was an exciting opportunity to interact with Indian entrepreneurs and builds on the work that we have been undertaking in the Indian financial services sector over many years."
TLT's seven-partner Banking and Finance practice operates from the firm's London, Bristol and Piraeus offices and is pivotal to the firm's focus on the Financial Services sector. The practice incorporates corporate banking, asset finance, property finance, acquisition funding, syndicated and bilateral lending, swaps and trade finance as well as financial services regulation. The firm advises most of the UK's largest banking institutions and the Banking and Finance team has developed a reputation with international banks particularly amongst the Indian banks including Bank of India, Punjab National Bank, State Bank of India, Bank of Baroda and ICICI Bank.