ELP advises Transworld on forming JV with Bainbridge to operate UAE shipping pool

Transworld Shipping Lines Limited is set to form a joint venture with Bainbridge Navigation DMCC to establish a company in the United Arab Emirates to operate a shipping pool focused on handysize vessels in the dry bulk market, wherein Transworld is to hold 60% and Bainbridge is to hold 40%. Economic Laws Practice advised Transworld on all aspects of the transaction, including the cross-border joint venture structure, and drafted, reviewed and negotiated the term sheet and joint venture agreement. The transaction team consisted of Sujjain Talwar (Co-Founding Partner) and Vinit Shah (Associate Partner). The JV is intended to bring together Transworld’s vessels and commercial capabilities…

Sources

• Bar & Bench - Dealstreet

Related deals

• Shardul and Cyril Amarchand Mangaldas act on Elevate Campuses ₹2,100 crore IPO5 Oct 2026 · ₹2,100 cr
• DSK Legal advises KRS Corporation on majority stake acquisition in Coldrush Logistics5 Oct 2026
• Trilegal, Khaitan & Co act on Varmora Granito ₹708 crore IPO5 Oct 2026 · ₹708 cr
• Cyril Amarchand Mangaldas advises Cerberus Capital on Indian legal aspects of £1.1 billion acquisition of Goodwin5 Oct 2026
• Cyril Amarchand Mangaldas advises Morgan Stanley on sale of Lenskart shares by ADIA5 Oct 2026 · ₹2,390.5 cr
• Touchstone Partners advises Membrane Group on equity fundraise from Kurita Water Industries 5 Oct 2026