Just days before their law firms respectively announced a groundbreaking alliance with a top London firm and took on the assignment of advising the company that has been dubbed ‘India’s Enron’, AZB & Partners managing partner Zia Mody and Amarchand & Mangaldas & Suresh A Shroff & Co managing partner Cyril Shroff appeared together on the Indian edition of CNBC, for a wide-ranging discussion of the year past and what lies ahead for the Indian business and legal communities. Here’s the video of the 3 January broadcast and a full transcript.
Mody, whose AZB recently entered into a best friends referral arrangement with Clifford Chance, said she was struck by the rise of shareholder activism in India, citing the examples of metals company Vedanta and outsourcing company Satyam, where shareholder opposition had derailed questionable deals.
