The International Financial Law Review’s (IFLR) Asia Awards India will be held at Taj Mansingh in New Delhi tomorrow. This is the first time the awards are coming to India with the awards having been held earlier inHong Kong and Singapore. The awards coming to India reinforce India’s emergence as a global giant and serve as a recognition of the Indian legal sector.

There are seven categories for the ‘Deal of the Year’ that include debt-linked equity, equity, mergers & acquisitions, private equity, restructuring, infrastructure and real estate and project finance transactions. Besides the ‘Deal of the Year’, there is the ‘Team of the Year’ award for capital market teams and in-house counsel.

Some of the prominent deals include, the Sterlite Convertible deal, the ONGC M&A transaction, the Batelco–S Tel acquisition and the NDTV- Time Warner Deal.

Last month Luthra & Luthra was chosen as the National Winner for the Indian jurisdiction in International Financial Law Review’s Asia Awards 2010 for the Sterlite Convertible deal.

All prominent national law firms have been short listed for the awards under various categories. Irrespective of varied views on the liberalisation of the Indian legal market, this culmination of domestic and international legal firms under one roof is proof of the fact that corporate India is the ultimate winner.