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JSA advises Allianz Group in relation to their re-insurance joint venture with Jio Financial Services Limited

JSA Allianz Group re-insurance joint venture

JSA advised Allianz Group on the binding agreement entered between Allianz SE’s wholly owned subsidiary Allianz Europe B.V. (“Allianz Europe”) and Jio Financial Services Limited (“JFSL”) to form a 50:50 domestic reinsurance joint venture in India, subject to receipt of statutory and regulatory approvals.

JFSL and Allianz Europe also entered a non-binding term sheet for setting up 50:50 joint ventures for general and life insurance businesses in India.

JSA Transaction Team comprised of Partners, Venkatesh Raman Prasad and Ronak Ajmera, Principal Associate, Ankita Jain and Senior Associates, Jatin Talwar and Udit Rao, with support from Associates, Stuti Modi and Priyanka Priyadarshini.

JSA direct tax team comprised of Partner, Kumarmanglam Vijay and Associates, Tejasvi Shukla, Aditya Patadia and Harshita Agrawal.

JSA indirect direct tax team comprised of Partners, Manish Mishra and Shareen Gupta, Principal Associate, Joybrata Misra and Senior Associate, Tanay Vyas.

JSA Partner, Sidharth Sethi, advised on dispute resolution related issues.

Our competition team comprising of Partners, Vaibhav Choukse and Ela Bali, Senior Associate, Aditi Khanna advised on anti-trust aspects.

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