Vidushpat is an advocate registered with the Delhi Bar Council. He is a member of the Supreme Court Bar Association, FICCI National Sports Committee, Gaming and Leisure Group of UK-India Business Council, Election Observer Panel of the International Association of Athletics Federations, Regulatory Commission of the Indian Super League, The Rummy Federation, All India Sports Council, Gaming Group of Internet and Mobile Association of India and ASSOCHAM’s Sports Committee.
Vidushpat advises on issues pertaining to betting and gambling laws, league formulation and rights structuring, government policies, corporate agreements’, TV and broadcasting rights, sponsorship and merchandising contracts, tendering procedure, anti-doping, ticketing, venue hire and brand protection. He has advised the Government of Bhutan on gaming laws, sports leagues on regulations, a race club on entertainment tax and a number of companies offering poker and rummy services on betting and gambling laws, corporate structuring, JV’s, FEMA issues, payments systems and dispute resolution. Vidushpat has represented the wrestler Narsingh Yadav, the Commonwealth Games Federation and the Athletic Federation of India before Court of Arbitration for Sports, renowned cricketers Yusuf Pathan and Pradeep Sangwan before the BCCI’s Anti-Doping Disciplinary Panel and a few sportspersons before the National Anti-Doping Panels. He has represented football clubs’ and players’ before AIFF’s Club Licensing Committee, Player Status Committee and Disciplinary Committee.
Vidushpat is the Co-author of the book, ‘Law and Sports in India’. He has written a chapter on India in the Gambling Law Review. He has also written articles for the International Sports Law Journal, World Sports Law Report, online sport and gaming portals and various national dailies. He was involved in drafting the National Sports Development Bill, the Prevention of Sporting Fraud Bill and the Anti-Doping Bill 2018 for Ministry of Youth Affairs and Sports and has assisted the Justice Mudgal Doping Probe Committee and the National Sports Development Code Committee. He was a member of the committee established by the Ministry of Human Resource Development considering the integration of sports within the higher education system. He also advised on the Right to Play Bill (Haryana), Slum Dwellers Model Act and the Rickshaw Pullers Act.
He has previously worked with the corporate team at Lakshmi Kumaran and Sridharan attorneys, the OC CWG Delhi 2010 and as a junior in the chambers of Senior Advocate Mr. Dushyant Dave. He has also seconded in the sports law department at Squire Sanders LLP, London.
He has completed a LL.M in Sports Law from the DeMontfort University, Leicester; MBA specializing in Human Resources and a LL.B from the Government Law College, Mumbai.He also holds a certificate in sports law from the University of Pretoria, South Africa.
Vaibhav Kakkar is a Partner in the Corporate and Regulatory Practices Team of Luthra & Luthra Law Offices, New Delhi and has over twelve years of experience. He has a unique mix of extensive regulatory and transactional expertise, and specializes in structuring transactions (especially cross-border), and advising on foreign investment/exchange laws, company law, securities laws, TMT laws and gaming laws.
As part of his profile, he has advised several global corporations on appropriate strategies in relation to investments in India and domestic and multinational clients on significant and complex corporate matters including cross border mergers & acquisitions, joint ventures, private equity transactions. He has also taken the lead in drafting and negotiating the entire spectrum of definitive agreements and commercial contracts in relation to the same. He has in-depth experience with industry-specific legal and regulatory issues in sectors including (retail, real estate, telecommunications, gaming, hospitals, pharma, education mutual funds, education and the financial sector (banking and non-banking). He regularly advises and works with the Government on policy issues relating to company law, exchange control, and is key member of the Firm’s advocacy and policy development team.
On the transactional side, he has advised on many notable joint ventures including Tata Boeing, Tata-Starbucks, DLF-Pramerica Mutual Fund and Khazanah-IDFC road venture. He has advised clients including DLF, Moser Baer Group and Devyani International in raising capital totaling nearly USD 600 million from top-flight PE and financial investors.
Some of the prominent M& A deals that he has been involved in the last few years include:
(i) Fortis in relation to acquisition by IHH Healthcare in a deal valued at approximately INR 7400 crore ($1 billion)
(ii) Dish TV in relation to the acquisition of and merger with Videocon d2h for approximately USD 2.5 billion;
(iii) Setting up of Tata Boeing Joint Venture in India for setting up of the facility to manufacture aircraft;
(iv) Ranbaxy Laboratories in relation to their merger with Sun Pharmaceutical Industries Ltd worth USD 3.2 billion;
(v) Mylan Inc. on the acquisition of Agila Specialities Division from Strides Acrolab, India for approx USD 1.6 billion;
(vi) Cairn India in relation to the acquisition of a controlling stake in Cairn India by Vedanta Resources;
(vii) Buy-out of Fallaron Capital’s investment in seven projects of Indiabulls Real Estate Limited worth USD 190 million;
(viii) Clairvest’s acquisition of majority stake in Head Infotech with the deal value being approximately USD 72 million.
Vaibhav is recognized as “Rising Star” by IFLR 1000, Asia Pacific, 2019 and ‘Recommended Lawyer’ by 2018 RSG Report in the area of corporate and commercial laws. He has also won the ‘Rising Star Lawyer of the Year Award’ at the Legal Era GENNEXT Counsel Congress & Awards 2016. The one of his major deal – Tata Advanced Systems Limited and Boeing
Defence Joint Venture deal was awarded the ‘M&A Deal of the Year’ award by ILFR.
He regularly comments in the media on issues of current interest and legal developments and has been interviewed/quoted by the most prominent names in India’s electronic and print media, including NDTV, CNN-IBN, the Indian Express and the Times of India.