Grab Taxi Holdings Pte Ltd. (Grab), a leading Southeast Asian technology company specializing in ride-hailing and delivery services, sought to establish a tri-partite joint venture with an Indian company and a foreign entity. Majmudar & Partners provided comprehensive legal counsel to facilitate this complex international collaboration.
Facilitating the Transaction
Majmudar & Partners played a pivotal role in the following areas:
- Structuring the Joint Venture: Advised on the optimal legal framework for the tri-partite arrangement, ensuring compliance with Indian laws and alignment with the strategic objectives of all parties involved.
- Regulatory Compliance: Assisted with navigating the Foreign Exchange Management Act, 1999 and its underlying regulations, and with obtaining necessary approvals from the Reserve Bank of India for foreign investment in the joint venture.
- Drafting and Negotiating Agreements: Prepared and reviewed the joint venture agreement, shareholder agreements, and other contractual documents, ensuring clarity in roles, responsibilities, and profit-sharing mechanisms among the parties.
- Tax Advisory: Advised on tax implications, including transfer pricing, withholding taxes, and goods and services tax, to optimize the joint venture’s financial efficiency.
- Intellectual Property Rights (IPR) Protection: Advised on the protection and licensing of IPR, ensuring that proprietary technologies and trademarks were adequately safeguarded within the Indian jurisdiction.
The establishment of this tri-partite joint venture marked a significant expansion for Grab into the Indian market, facilitating collaboration with both domestic and international partners. Majmudar & Partners’ expertise ensured that the venture was structured efficiently, complied with all regulatory requirements, and was positioned for successful operations in India.
Majmudar & Partners’ experienced team is dedicated to facilitating successful cross-border collaborations. Contact us for expert legal assistance in structuring joint ventures and navigating complex regulatory landscapes in India.