Saket Shukla

Saket Shukla
Office:
First, Second and Third Floor
254, Okhla Industrial Estate, Phase III
110020
City:
New Delhi
Country:
India
Tel:
+91 11 4983 0011
Fax:
+91 11 4983 0099

Biography:

Who's Who Legal Insurance & Reinsurance: Lawyers

Saket Shukla is a co-founding partner of Phoenix Legal, which is one of the fastest growing law firms in India. Saket primarily focuses on strategic advisory, M&A and corporate transactional work and has extensively advised on structuring of complex deals in the insurance sector.

Saket has been advising clients in the insurance sector for over a decade and has seen the industry evolve to its current levels. He regularly advises foreign investors and promoters involved in different businesses in the sector (life, non-life, re-insurers, broking and other intermediaries). His experience includes advising on complicated and cutting edge work in the sector including M&A, regulatory issues, structuring, joint ventures and foreign investments. Saket recently advised private equity asset manager Apis Partners, on acquiring a significant minority stake in Star Health and Allied Insurance Company.

Saket's insurance sector expertise and work have been widely recognised and according to the Asia Pacific edition of The Legal 500, Saket "gives excellent, sound, balanced advice on insurance, JVs and corporate matters", "has an understanding of the business side of the transaction so that a workable and balanced agreement is negotiated". Chambers and Partners reports that "[Saket] understand[s] what I am asking for and translate[s] that into simple advice that I can immediately use."

Saket keenly follows the regulatory environment in the sector and participates in policy building measures by commenting on draft regulations issued by the regulator for stakeholders’ comments. Saket led an initiative with the insurance regulator which ultimately resulted in the regulator issuing guidelines for mergers of general insurers in India.

WWL says: Saket Shukla is a pre-eminent name in the Indian insurance and reinsurance field, with a wealth of knowledge on distribution advisory work and joint ventures.

This biography is an extract from Who's Who Legal: Insurance & Reinsurance which can be purchased from our Shop.

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