JSA Advises Allianz Group on Re-Insurance Joint Venture with Jio Financial Services

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 AjmeraPrincipal Associate, Ankita Jain and Senior Associates, Jatin talwar and Udit Raowith 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 Share guptaPrincipal Associate, Joybrata Misra and Senior Associate, Tanay Vyas.

JSA Partner, Sidharth sethiadvised on dispute resolution related issues.

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