Indian Law Partners (ILP) assists Chiyoda in its exit from JV with L&T

LE Desk

New Delhi, February 7, 2023: Indian Law Partners (ILP) has advised global engineering company Chiyoda Corporation in its exit from a joint venture with Larsen & Turbo (L&T). 

Indian Law Partners advised Chiyoda on the Indian law aspects, led by a team of Partners Gopika Pant and Vineet Gupta, and assisted by Counsel Nishant Kulhari, Senior Associates Akshay Grover and Shradha Sharma, and Associate Vinayek Mehra, the Law Firm said in a press statement.

Mori Hamada Matsumoto (MHM) Japan and Singapore offices acted for Chiyoda as international counsel.

L&T-Chiyoda Ltd (LTC) is a 50:50 joint venture between L&T and Japan-based Chiyoda Corporation in which L&T has bought the entire stake held by Chiyoda for USD 10 million (approx).

LTC was formed with an aim to provide engineering and related services for the hydrocarbon industry to support L&T's EPC business in the domestic and international market, the press statement said.