‘Title Insurance’ – A Game Changer for Structuring Investments into Indian Real Estate Sector

Date:
Time:
2 pm to 3:15 pm IST
Venue:

BKC Auditorium
Nishith Desai Associates,
2nd Floor, 3, North Avenue,
Maker Maxity,
Bandra-Kurla Complex,
Mumbai, 400 051, India

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About

INTRODUCTION

With increasing number of transactions being undertaken in the real estate sector, potential title issues are becoming the biggest risk element for parties. In this backdrop, title insurance is becoming critical to protect parties from unforeseen and unknown (at times, even known) title issues. In this background, title insurance is becoming an exciting product for developers and investors alike. Bespoke products offer unprecedented protection against title issues in the Indian context.

Focus Area

  • What is ‘title insurance’?
  • Benefits of title insurance for
    • Developer
    • Buyer
    • Seller
  • How is ‘title insurance’ different from any other insurance?
  • Title insurance vs W&I insurance
    • Known vs unknown risks?
    • Time period
  • Exclusions from coverage under title insurance
  • Pricing for title insurance
  • Q & A

ON THE PANEL

REEMA MANNAH
Managing Director
Titlesolv

Reema Mannah is the Managing Director at Titlesolv, one of the leading providers of Title Insurance in the United Kingdom. Reema has 16 years of specialist title insurance underwriting experience which she gained from leading and managing teams within both US monoline and European composite insurers. She is also a qualified lawyer with authorisation to practise law in the Caribbean, England and Wales and Scotland and holds an MSc in Investment Analysis. In private practice as a lawyer, she concentrated on commercial property law and litigation and she brings to her underwriting remit an in depth transactional and technical knowledge of property law and litigation in common law territories. Reema’s expertise has been invaluable to the title insurance product development phase during which time she worked with Indian qualified lawyers to create a tailored offering for the Indian market.

SAGAR B. MEHTA
India Practice Leader – Transactional Risks, M&A Group
WillisTowers Watson

Part of WTW’s Asia M&A team, Sagar Mehta serves as India Transactional Risks, Mergers & Acquisitions Practice Leader focusing on the Private Equity and Corporate M&A market facilitating transactional risk solutions viz., Warranty & Indemnity Insurance, Tax Liability Insurance and Contingent Liability amongst others. Sagar has over 5 years of experience in enabling  insurance policies for private equity funds. Additionally, he concentrates on working with Private Equity Funds in managing their investee companies’ insurance programs. Sagar has worked on title insurance in India.

NISHCHAL JOSHIPURA
Leader, Private Equity & Mergers & Acquisitions
Nishith Desai Associates

Nishchal Joshipura co-leads the Corporate practice at Nishith Desai Associates. Nishchal is a lawyer, Chartered Accountant and MBA. He has led several high profile M&A and Private Equity deals and set up multiple offshore and domestic India focussed funds. He specializes in legal and tax structuring of complex cross-border transactions, including real estate equity and debt investments. He has advised number of clients on obtaining insurance policies for cross border transactions.

He also advises major MNCs on Corporate & Securities laws, Transfer Pricing, International Taxation, Globalization, Structuring of Inbound/ Outbound Investments, Taxation of E-Commerce and Exchange Control Laws. He has been “Highly Recommended” by various legal directories for legal and tax advice on M&A, Private Equity and Investment Funds.

He has recently been nominated as a “Young Achiever” at the Legal Era Awards 2015 based on industry research, reviews, rating and surveys conducted by Legal Era.

SIMONE REIS
Leader, Private Equity & Mergers & Acquisitions
Nishith Desai Associates

Simone is the Co-Head of Mergers & Acquisitions practice and Corporate Governance practice at the firm. Simone’s practice focuses on mergers and acquisitions, private equity and venture capital investments, domestic and international, and has advised a wide spectrum of clients, across several sectors. Simone has worked on W&I insurance underwriting extensively for clients like AIG, Tata AIG, Tokio-Marine and IronShore.


ABOUT NISHITH DESAI ASSOCIATES

www.nishithdesai.com

With offices in Asia, Europe and the United States Nishith Desai Associates is the go-to firm for corporates looking to conduct business in India as well as for Indian companies looking to set up operations abroad; navigate complex business regulations and grow.

Our core practice areas include International Tax, Succession and Estate Planning, International Tax Litigation, Mergers & Acquisitions, JVs & Restructuring, International Litigation & Dispute Resolution, Capital Markets, Corporate & Securities Law, Fund Formation, PE/VC Fund Investments, Real Estate Fund Formation, Real Estate Investments, Employment and HR, Intellectual Property, Competition Law, International Commercial Law. Our specialized industry niches include financial services, IT and telecom, education, pharma and life sciences, media and entertainment, real estate and infrastructure.

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