Deal Street

December 02, 2019

DSK Legal act for Zurich Airport International AG in its bid for Jewar Airport


[ by Legal Era News Network ]

DSK Legal Logo

Switzerland’s Zurich Airport International AG emerged as the highest bidder for the proposed international airport at Jewar, Uttar Pradesh, on the outskirts of Delhi.

DSK Legal advised Zurich Airport International AG with respect to its bid to develop the Greenfield Noida International Airport at Jewar on a design, build, finance, operate and transfer basis. The bid was floated by Noida International Airport Limited.

The Jewar Airport or the Noida International Greenfield Airport will be spread over 5,000 hectares when fully built at an estimated to cost of Rs. 29,560 crore according to the project’s nodal officer.

After winning the bid, Zurich Airport AG said in its press release that it will participate in the expected growth of the Indian aviation market and will implement its best practices developed in Switzerland while maintaining the local Indian values.

DSK Legal assisted in inter alia (i) review of the bid documents including the RfQ cum RfP and the concession agreement; (ii) review and submission of the technical and financial bid; (iii) liaising with the concessioning authority; (iv) advising on the transaction structure and the structuring of the special purpose vehicle to be formed; and (v) highlighting the risks in the transaction.

The team representing DSK Legal comprised of Partners Anuja Tiwari and Anjan Dasgupta; Principal Associate Mallika Anand and Associates Ritesh Anand, Amoolya Khurana and Aman Raj.

latest News

  • Government Looking At Further Amending IBC Laws To Check Abuse Of Its Provisions By Individual Home Buyers

    The government is looking at further amendments in the Insolvency and Bankruptcy Code (IBC) to check abuse by individual home buyers.

    Read More
  • Supreme Court Judge Arun Mishra Criticizes Social Media Campaign Seeking His Recusal From Constitution Bench

    Supreme Court judge Arun Mishra has expressed his anguish at a social media campaign as well as media reports against him, seeking his recusal from a ...

    Read More
  • National Company Law Tribunal Sets Aside Petition To Initiate Insolvency Proceedings Against Intex Technologies

    The National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to initiate insolvency proceedings against smartphone and mobile accessories ...

    Read More