Ongmu Tshering

Ongmu Tshering, Partner, JSA

Ongmu’s practice focuses on cross-border transactions, including private and public mergers and acquisitions, joint ventures and capital investments. She has extensive experience acting for clients in United States of America and Europe on setting up subsidiary companies in India, advising on governance and regulatory matters, foreign investment compliance, employment, data privacy and anti-corruption issues. Ongmu also advises multinational companies, private equity houses and Indian corporates on their investments, business conduct, post-merger integration and corporate restructuring.

She also has experience in commercial Litigation and Arbitration, in both domestic & international.

Before joining JSA, she worked as a consultant with dispute resolution organisations and law firms in New York and with the Mediation Office at The World Bank, Washington D.C.

 

Memberships

Bar Council of Delhi

 

Publications

  • Amendments to the Insolvency and Bankruptcy Code, 2016 …What it means? Published in August, 2019 journal of The Chamber of Tax Consultants.
  • Maternity Benefit Amendment Bill, 2016: Is it a laudable effort? (https://www.barandbench.com/news/maternity-benefits-bill-2016)
  • Penalties on violation of DIPP Guidelines &FEMA Provisions. Published in June 2010 issue of Income Tax Review.
  • Arbitration: Connecticut Appeals Court’s Statutory Interpretation (Web). Published in Alternatives (international newsletter of CPR International Institute for Conflict Prevention and Resolution) on 25 April 2007 (https://www.cpradr.org/news-publications/articles/2007-04-25-arbitration-connecticut-appeals-court-s-statutory-interpretation-web)

 

Education

  • LL. M., University of Missouri, School of Law, Columbia, U.S.A.
  • Certified Mediator under Rule 17 of the Missouri Supreme Court
  • LL. B., Faculty of Law, University of Delhi

 

Languages

  • English
  • Hindi
  • Nepali
  • Tibetan

Some of the key assignments in these areas handled by Ongmu amongst others, cover the following:

  • Advised Cravatex Limited (CL) and its promoters on (i) on the sub-licensing of FILA brand from Integrix BV., a Netherlands stock company to CL; and (ii) subsequently on transfer of its business undertaking relating to retail and distribution of lifestyle, sports and wellness products to its wholly owned subsidiary Cravatex Brands Limited (CBL) and subsequent investment by Paragon Partners Growth Fund-I of INR 75 crores in CBL.
  • Advised Suryoday Small Finance Bank Limited in its capital raise of ₹248 crore from a total of 13 investors, including development finance institution DEG, a subsidiary of Germany’s KfW Group, Kotak Mahindra Life Insurance Co. Sarva Capital, HDFC, IFC, IDFC Bank, Gaja Capital and ASK Pravi and bank’s promoters.
  • Advised 63 moons technologies limited (formerly Financial Technologies (India) Ltd.) in the sale of shares of its overseas subsidiaries, Singapore Mercantile Exchange Pte. Ltd. and Singapore Mercantile Exchange Clearing Corporation Pte. Ltd. by Financial Technologies Singapore Pte. Ltd. to ICE Singapore Holdings Pte. Ltd, entity owned by US-based ICE group.
  • Advised Nissan International Holding B.V., a group company of Nissan Motors Limited; in connection with acquisition of 38% equity shares of Hinduja Tech Limited, a wholly owned subsidiary of Ashok Leyland Limited.
  • Advised Vertellus Specialities Inc, a US based company and world’s largest producer of pyridine and picolines, specialty pyridine derivatives, DEET, castor oil derivatives and systems and its wholly owned subsidiary Vertellus Specialties Mauritius in setting up its 89% strategic joint venture with Vapi Products Private Limited.
  • Advised The Hospital for Sick Children, Canada’s top academic health sciences centre dedicated to advancing children’s health on issues related to immigration, business registration, governing law and dispute resolution and drafted services agreement entered with Raptakos Brett & Company Limited.
  • Advised AA Development Capital India Fund 1, LLC, the private equity arm of Aashmore Alchmey for private equity investment in a pharmaceutical company, Zim Laboratories Limited (Zim). Later advised Zim on listing of the shares from the Dissemination Board of BSE Limited to the main board of BSE Limited.
  • Advised Tata Projects Limited in its joint ventures with, Daewoo Engineering & Construction Co., Ltd. for Mumbai Trans Harbour Link Project; and Gulermak Ağır Sanayi İnşaat ve Taahhüt A.Ş, for Bangalore Metro Rail Project.
  • Advised Micron Technology Operations India LLP in leasing one of the largest commercial premises in the SEZ area in Hyderabad, Telangana.
  • Advised American Hotel Register Company, a leading a manufacturer and supplier of hospitality products and services on setting set up a subsidiary in India.
  • Advised CFA Institute, the world’s largest association of investment management professionals on setting set up a wholly owned subsidiary in India.
  • Advised and represented Gartner India Research & Advisory Services Private Limited (Gartner) in the scheme of amalgamation of CEB India Private Limited with Gartner India Research & Advisory Services Private Limited with Gartner.
  • Advised and represented Indian subsidiaries of Swiss Re in the Scheme of Amalgamation of Swiss Re Healthcare Services Private Limited with Swiss Re Services India Private Limited.
  • Advised and represented Total Oil India Private Limited in its Scheme of Amalgamation with Total Vinergy Bitumen India Private Limited.
  • Assisted Gujarat International Finance Tec-City Company Limited and GIFT SEZ Limited in (i) drafting the amendments to the Companies Act, 2013 for private and public companies that would be established in India’s first International Financial Services Centre (IFSC) in Gujarat International Finance Tec-City in Ahmedabad, Gujarat (GIFT), and (ii) advised on the memorandum of understanding executed with Singapore International Arbitration Centre for setting up a representative office at GIFT, IFSC.