India Business Law Journal Recognizes Vedder Price with “Deal of the Year” Award
India Business Law Journal named the Insolvency of Jet Airways in its “Deals of the Year 2020” list. The annual report celebrates the landmark India-related deals of the year, praising the financiers, businesses and law firms behind them. Vedder Price represented EXIM Bank, who made it possible for Jet Airways to acquire title to six Boeing 777 aircraft. The company said doing this would add about US$200 million to the value of its assets. This deal was the first instance of a material asset of an Indian company being sold while the company was going through insolvency, with the approval of the National Company Law Tribunal and outside the normal course of business. Jeffrey T. Veber Vice Chair of the firm’s Executive Committee, member of the firm’s Board of Directors and Global Transportation Finance Shareholder, led the team of attorneys at Vedder Price.
Vedder Thinking | News India Business Law Journal Recognizes Vedder Price with “Deal of the Year” Award
Press Release
February 16, 2021
India Business Law Journal named the Insolvency of Jet Airways in its “Deals of the Year 2020” list. The annual report celebrates the landmark India-related deals of the year, praising the financiers, businesses and law firms behind them. Vedder Price represented EXIM Bank, who made it possible for Jet Airways to acquire title to six Boeing 777 aircraft. The company said doing this would add about US$200 million to the value of its assets. This deal was the first instance of a material asset of an Indian company being sold while the company was going through insolvency, with the approval of the National Company Law Tribunal and outside the normal course of business. Jeffrey T. Veber Vice Chair of the firm’s Executive Committee, member of the firm’s Board of Directors and Global Transportation Finance Shareholder, led the team of attorneys at Vedder Price.
