Advised Intertape Polymer Group Inc. on corporate and other issues in relation to its joint venture company

Intertape Polymer Group Inc. (IPG), a prominent global provider of packaging products and machinery, sought to address critical corporate and contractual issues arising with the Indian partners in its joint venture, Powerband Industries Private Limited (PIPL). Majmudar & Partners provided legal support to IPG, focusing on corporate governance and breach of contract matters to ensure smooth operations within the joint venture.

Facilitating the Transaction

Majmudar & Partners’ role in this transaction included the following key areas:

• Corporate Advisory: Guided IPG through complex corporate governance requirements within the joint venture, ensuring compliance with Indian corporate regulations while aligning with IPG’s strategic business goals.
• Contractual Analysis: Conducted a thorough examination of the contractual agreements between IPG and its joint venture partners, identifying areas of potential risk and advising on amendments to strengthen IPG’s position in PIPL.
• Dispute Resolution: Provided insights and strategies to address breach of contract issues, enabling IPG to resolve disputes efficiently while minimizing impact on PIPL’s day-to-day operations.
• Regulatory Compliance: Ensured all aspects of the advisory adhered to Indian regulatory requirements, mitigating risks and supporting IPG’s commitment to lawful and effective management practices.

This strategic initiative was key for IPG in consolidating its control in the joint venture and ensuring operational alignment in the Indian market. Majmudar & Partners’ assistance enabled IPG to effectively navigate complex corporate and contractual issues within its joint venture, facilitating smoother business operations and regulatory compliance.

For companies navigating joint ventures and corporate restructuring in India, Majmudar & Partners provides specialized legal expertise in corporate governance, contract management and dispute resolution. Contact us today to ensure your business transactions are backed by comprehensive legal support tailored to the Indian regulatory environment.