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Work from home has seen a mixed reaction: Haigreve Khaitan – Law.asia

Haigreve Khaitan, the senior accomplice of Khaitan & Co, talks to India Enterprise Legislation Journal about how his agency has been tackling the continuing pandemic, its influence on deal values and his views on instituting long-term versatile working preparations.

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Q: What was the influence of the pandemic on the agency and what’s the technique for 2021?

A: When the pandemic began in India, we actually felt the impact in March final yr. We begin our monetary yr in April. We thought that it’ll actually be a yr, which will likely be a whole loss. A yr the place, we could have plenty of problem as a result of issues had been very unsure. We began off the primary three months with plenty of problem. I ought to say the primary quarter for the final monetary yr was tough. Our focus was the protection of our folks, taking good care of the folks, and seeing that everyone and their households was taken care of. I believe that was our precedence through the first quarter.

From the second quarter onwards, we had been very busy. M&A/PE was very busy, financing was very busy. Misery, refinancing and restructuring was very busy. Capital markets was very busy. The capital markets staff originally of the yr thought that look, “we could have a whole washout right here.” However I believe that that they had one of the best yr ever within the final monetary yr.

So general, I believe the agency within the final monetary yr managed exceedingly nicely. We ended up with document monetary outcomes, however monetary outcomes are only a results of good work. And I ought to say that the agency did exceedingly nicely throughout practices through the pandemic yr.

Q: What’s the outlook for M&A, non-public fairness and deal values this yr?

A: I believe the outlook, stays very optimistic, excellent. Everyone appears to be very energetic. However that the pandemic is continuous. Everyone’s braced this, each externally and throughout the agency, that look, “That is one thing we’ve to cope with, however it doesn’t imply life has to cease. In actual fact, we’ve to work tougher.” With that. I see that there’s excellent exercise throughout. And that we additionally discovered rather a lot through the pandemic when it comes to rather a lot higher staff play, amongst companions and colleagues, much more sharing, ease in form of exchanging info and doing conferences digitally. It’s been an enormous transformation and a really optimistic transformation.

Q. Khaitan just lately suggested on the Renew Energy SPAC. What are your views on Indian firms taking the SPAC path to get listed?

A: It offers the chance to have a global itemizing, offers an exit to traders, offers a possibility to additionally diversify and make investments overseas. I believe it’s an incredible alternative. SPACs, as we see right here, have been very profitable within the worldwide market. And I believe an increasing number of Indian property might go that method. There are some structural and tax points. So, some could go for it and a few could not go for it due to structural, regulatory and tax points.

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Q. How has the agency’s expertise been with attorneys working from residence? Do you propose to make any long-term modifications as soon as issues get higher?

A: To be sincere, working from residence has had a combined response. I ought to say the expertise has been combined. So, optimistic in a method, as a result of we’ve been capable of truly not let work undergo and do business from home. I ought to say damaging as a result of the bodily interplay amongst us and with the shoppers and with different individuals, that’s actually lacking, and it could’t get replaced by simply working from residence and these digital kinds of conferences. Additionally, what has occurred is that do business from home has not been most handy for everyone. Many people have small properties, the place the households are all working from residence, learning from residence. It’s not been that straightforward.

I’d say on a long-term impact, what it has taught us is that sure you may do business from home. If there could be a good mixture of working from residence and in addition to the workplace, however I believe that will likely be later. It is going to give us the flexibleness; it should give us the flexibility to work after we wish to do business from home or when we’ve to do business from home, with out letting work undergo. So, I believe that sure, we’re pondering of some versatile mannequin going ahead with some flexibility attorneys could have and professionals must do business from home. Now, whether or not it’s now some days within the week or a while, time will inform. We haven’t actually fashioned that up. However it seems to be like this flexibility will do good for all of us.


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