Khaitan & Co. Advises Renesas Electronics Corporation

Khaitan & Co assisted and advised Renesas Electronics Corporation (Renesas) on its joint venture with CG Power and Industrial Solutions Limited and Stars Microelectronics (Thailand) Public Co. Ltd. for setting up an Outsourced Semiconductor Assembly and Testing (OSAT) facility in India.

The role of the deal team included advising Renesas on the regulatory aspects regarding the grant of subsidies/incentives under the semiconductor focused schemes issued by the central government, assisting on structuring of Renesas’ investment into the joint venture entity from an Indian law and tax perspective, reviewing and negotiating the joint venture agreement and other ancillary transaction documents, and advising on other joint venture related issues from an Indian law perspective.

The core transaction team consisted of Zakir Merchant (Partner), Sarthak Sarin (Partner), Eklavya Malvai (Principal Associate) and Utsav Lohia (Senior Associate), with assistance from the following:  

Direct tax aspects: Vinita Krishnan (Executive Director), Sneh Shah (Principal Associate), Avin Jain (Principal Associate) and Husain Bohra (Senior Associate);  

Indirect tax aspects: Sudipta Bhattacharjee (Partner);  

Intellectual Property aspects: Nirupam Lodha (Partner), Gautam Wadhwa (Senior Associate) and Malika Nandkeolyar (Senior Associate).