Foley Hoag Ranked Among Top Firms for International Work by India Business Law Journal
August 24, 2021
Foley Hoag LLP has been ranked by India Business Law Journal in its 2021 survey of the best foreign law firms for India work. Foley Hoag ranked in the “Significant Players” category, making this the firm’s 11th year of inclusion in the publication.
India Business Law Journal reported "Foley Hoag celebrated a major achievement last year when one of the largest investment treaty arbitrations against India, brought by Nissan Motor, finally concluded in May 2020. The bilateral investment arbitration initiated by Nissan in February 2017 – the first investment treaty case brought by a Japanese investor against India – had involved claims arising out of non-payment of incentives by the Tamil Nadu government.”
The journal continued, "Nissan had claimed USD776 million in damages and other costs. Foley Hoag represented India, assisting it in reaching a settlement as part of which Nissan received about USD185 million from Tamil Nadu, less than one-third of the claimed amount. The firm has a broad spectrum of India work handling emerging company and venture capital deals, investment management and hedge fund matters, human rights work, employment matters, immigration issues, IP, compliance, M&A and corporate finance."
This matter was previously honored by India Business Law Journal in its “Deals of the Year” report for 2020. The Foley Hoag team representing India was led by partners Mark Clodfelter and Constantinos Salonidis and included attorneys Sudhanshu Roy, Peter Tzeng and José Manuel García Rebolledo
India Business Law Journal provides in-depth analysis of the legal and regulatory challenges facing domestic and international businesses in India. Each year, the publication reveals its selection of the top law firms for India-related work in its intelligence report on foreign law firms. Now in its 12th year, the report draws on an analysis of law firms that have documented deals and matters with an Indian connection over the past 12 months.
About Foley Hoag LLP
Foley Hoag provides innovative, strategic legal services to public, private and government clients across the globe. We have premier capabilities in the life sciences, healthcare, technology, energy, professional services and private funds fields, and in cross-border disputes. The diverse backgrounds, perspectives and experiences of our lawyers and staff contribute to the exceptional service we deliver to clients ranging from startups to multinational companies to sovereign states. For more information, visit www.foleyhoag.com or follow @FoleyHoag on Twitter.