Rajiv has been a part of the Legal Fraternity for over 28 years now. His practices cover diverse areas of Cross-Border Transactions, International Taxation, Contract Negotiations, Commercial and Tax Litigation, Banking and Project Finance, Commercial Arbitration, Business Structuring, Government, Regulatory and Secretarial Affairs, Foreign Collaborations and Joint Ventures, Inbound and Outbound Foreign Investment, National / International Not-for-Profit Companies / Trusts / Societies.
His clientele includes Multinational Companies, Investment Banks, Family-Owned Businesses, Not-for-Profit Organizations, Funds and High-net-Worth Individuals He has been instrumental in luring foreign investment for the setting up of units in SEZ/STPI. He has represented the Firm before Government Authorities on various export and import policies, and taxation issues relating to amendments and clarifications favoring trade bodies.
He has further represented the Organization at various forums, including trade bodies and Chamber of Commerce. His recent assignments include advisory services to the India arm of a US mobile content developer with a global presence; restructuring and advising the Indian chapter of a Japanese not-for-profit organization, establishing International Trade Chamber of Commerce between India and Turkey, Helping foreign investors to set up school and colleges in various parts of the Country, setting up US and Mauritian Joint Venture for Indian Clients, advising a UK-based security giant on the acquisition of 100% equity of an Indian company; the financial structuring of an educational trust; and FCRA registrations for charitable trusts.
What motivated you to choose law as a career? Please tell us about your experience in law school?
I started my career as a Chartered Accountant but after some time I realized that the Chartered Accountants are generally in the field of Direct Taxes and Audits etc.
I was since the very beginning practising in Advising the Foreign companies to set up their business operations in India and Indians planning to set up business abroad or set up of EOUs, SEZs etc.
I realized my limitations being CA as not able to take up advisory and litigation aspects. I thought it’s better that I should move on and switched from CA to Law practice in 2004. Since then, I am practising as a Lawyer and running these Law Firms.
You’re the Managing Partner of LEGALLANDS LLP and VAIDAT Legale Services. Before this, you’ve been the Managing Partner of MARS & Partners too. What motivated you to begin your work in LEGALLANDS LLP?
Initially, I started with a small law firm, I realized that being a lawyer, we need to have better strength in different fields of law such as litigation, Corporate etc.
Later in 2008, as Partner with my Colleague, we were running a mid-sized law firm with the name of MARS & Partners in Defence Colony, New Delhi.
In 2012, I incorporated a Sole proprietor Firm with the name Vaidat Legale Services, with my best team of Professionals. Times moves and we expanded with a much broader perspective with a focus on better services and a motive to serve International Clients in India LEGALLANDS LLP was formed and which is well recognized as a Corporate Law Firm.
Currently, I am the Managing an excellent team of professionals who aims to provide the best service and practical solutions to Clients based in India & Abroad.
What’s your take on the role of the Lawyer-Statesman in the contemporary legal landscape?
The law does not exist in a silo. Our world is increasingly complex and inter-dependent: we have to battle fake news, grapple with the growing influence of intelligent technology and social media, and navigate a legal landscape that is moving from domestic to global. Lawyers have been given the privilege of understanding, interpreting and advancing laws. We have a responsibility to build a legal framework that fosters innovation and rewards success, but also leaves no one behind.
You’ve done practices over various areas in the law field, which area intrigues you the most and why?
Law itself is a vast and wide field. My main area of practice is always been “Corporate Advisory and Corporate & Commercial Litigation etc.” These are Indirect Taxes including Customs Law, Excise & Service Tax and GST, FEMA, Foreign Trade Policy, SEZ and Business Setup and Advisories and specializes in education, healthcare, road transport, infrastructure projects etc. It is always a challenge to deal with revenue and financial planning and various business models and cases where direct money is involved or cases wherein there’s an invasion of duties or tax evasion or transfer pricing is involved attracts me the most.