India’s Leading Private Telecom Major Engages Lexplosion to Improve its Compliance to Regulatory Requirements

Customer Profile

• One of India's leading private sector providers of telecommunications services 
• Structured into four strategic business units - Mobile, Telemedia, Enterprise and Digital TV
  • Largest mobile service provider in the country with presence in all 23 telecom circles
  • Telemedia business provides broadband, IPTV and telephone services
  • Digital TV business provides Direct-to-Home TV services across India
  • Enterprise business offers an integrated suite of telecom solutions to corporate customers, in addition to providing national and international long distance connectivity service

Business Requirement

• Assess the “as-is” regulatory environment given the diversity and scale of operation
• Get a thorough overview of the underlying compliance requirements
• Gain visibility to compliance performance scores and risk status

Lexplosion Solution

• Conducted detailed research and analysis to identify the list of applicable regulations
• Categorized the regulations into various modules and map them to business segments
• Designed the template for capturing compliance information pertaining to each regulation
• Compiled the database in the agreed format

A Leading Real Estate Management Company Leverages Lexplosion Expertise in Post Closure Due Diligence

Customer Profile

• A real estate focused merchant bank based in United States with subsidiaries and affiliates in India and Cyprus
• Provides advisory and real estate investment management services to Indian developers and global institutions

Business Requirement

• Indian subsidiary manages a portfolio of equity and debt investments in domestic real estate or structured finance industries
• Investments are made into special purpose (“SPVs”) which then execute the projects
  
  • SPVs are joint venture companies with an Indian party (“IP”) as the promoter or partner
  • Customer and IP need to execute subscription agreement and shareholders agreement (collectively, “transaction documents”)
  • Lexplosion’s services were enlisted to ascertain the degree of compliance of the IP with the provisions of the transaction documents

Lexplosion Solution

• Thorough review of transaction documents and preparation of a summary sheet comprising of relevant information, including conditions precedent/ subsequent, rights of the investor, covenants, compliance frequency/timeline, compliance owner etc.
• Compliance assessment of all the documents provided by the SPVs and the IPs
• Compilation of the findings of the audit into a comprehensive due diligence report, with detailed analysis of the issues observed

A Leading Non Banking Finance Company Seeks Lexplosion Assistance in Streamlining Contract Drafting and Review Process

Customer Profile

• Customer is one of the largest non banking financial companies in India – subsidiary of the financial services arm of a Fortune 10 company
• Provides financial solutions for the corporate and retail customers in India
  • Commercial lending products/services include those related to corporate finance, asset-based leasing, commercial distribution financing, financing energy and infrastructure projects, M&A financing, debt syndication etc.
  • Consumer finance business encompasses credit cards, retail finance programs, loans, mortgages & insurance related services<

Business Requirement

• Customer had varied contracts spanning multiple vendors
• Legal support consisted of a mix of in house legal team and external counsel
  • Process was time-consuming 
  • Internal resources were overworked
  • Mission critical tasks were being delayed
  • A need was felt to:
    
    • Gain control over growing pool of contractual rights and obligations
    • Regulate contract templates and enforce standardization – arm the business with “best scenario” boilerplates
    • Enhance visibility and control of all enterprise contracts
    • Improve supplier, operational, and regulatory compliance
    • Streamline contract creation, review, negotiation, and renewal processes

Lexplosion Solution

• Reviewed customer’s templates and analyzed exceptions from standard clauses
• Designed a risk cum approval matrix corresponding to the various exception scenarios
• Provided recommendations for best practices as applicable to the various types of agreements
• Generated end to end process maps identifying upstream and downstream linkages related to contract authoring, review, and negotiation
• Established a scalable service delivery framework for ongoing contract management support - access to a team of lawyers trained in customer’s contracts