The Asian Lawyer
November 18, 2015
Infrastructure Lawyer of the Year
Hemant Sahai, managing partner of Indian law firm HSA Advocates, has earned our Infrastructure Lawyer of the Year award for 2015. A specialist in that practice, as well as the public-private partnerships and financings that go along with it, he is involved in some of India’s biggest projects at the moment. He’s acting for the government sponsors of the Delhi-Mumbai Industrial Corridor, a 920-mile development between the country’s political and business capitals, and a project to build a second airport in Mumbai. Interestingly, he was also chosen as “Strategic Adviser on Infrastructure in India” by Japan, one of India’s top five foreign investors, at a time when investment in that sector is expected to ramp up.
Finance (Other Specialties) Deal of the Year
The “Coalgate” scandal over allegations of corruption in India’s allotment of coal mines smoldered for years before reaching India’s Supreme Court in 2014. After the court threw out hundreds of coal mining licenses, HSA Advocates was retained to represent State Bank of India in the financing of potential new allottees. The transactions were complicated by new ordinances and by legal challenges brought by former coal mine allottees. This was a high-profile, high-stakes assignment with a big impact on India’s energy sector.