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Karthik Kumar is an experienced project development and finance lawyer with more than 14 years' experience across the Asia-Pacific region. He has advised on the development, financing, sale, and acquisition of complex and high-profile energy and infrastructure projects in the region, including projects in India, Bangladesh, Indonesia, Sri Lanka, Singapore, Vietnam, Thailand, Myanmar, Philippines, China, and Australia. Karthik was recognized as one of the Top 100 International Lawyers in 2021 by the India Business Law Journal.

Karthik acts for a wide variety of clients such as developers, sponsors, borrowers, and financial institutions, including leading banks, multilateral lending institutions, and investment banks.

Karthik has wide-ranging experience in the renewable energy sector having acted on significant small and utility-scale solar and wind power projects in India, Bangladesh, Australia, and Thailand. He is highly regarded for his in-depth regulatory knowledge and significant transactional experience in South East Asia particularly in India, Bangladesh, and Sri Lanka. Karthik is a dual qualified lawyer in England and India and is fluent in English, Hindi, and Bengali.

Prior to joining Jones Day in Singapore, Karthik worked for major law firms in Australia for more than six years and in India for more than three years. He also worked in-house with Investec Bank in Sydney.

Karthik is a regular speaker at banking and infrastructure events, including the Asia Pacific Loan Market Association and the International Project Finance Association.

Karthik is lauded for his India-focused project finance practice and energy experience in Chambers Asia-Pacific (2021) and recommended as a projects lawyer in Singapore for foreign firms in The Legal 500.


  • Cardinal Health sells its Cordis business to Hellman & Friedman for approximately $1 billionJones Day advised Cardinal Health on the divestiture of its Cordis business to Hellman & Friedman for approximately $1 billion.
  • PTTGC acquires allnex from AdventJones Day is advising PTT Global Chemical Public Company Limited in the €4 billion acquisition of allnex Holding GmbH from Advent International.
  • Solmax acquires TenCate GeosyntheticsJones Day advised Groupe Solmax Inc. (Solmax), the global leader in the production of high-quality polyethylene geomembranes for industrial and environmental applications, and its shareholders (including institutional investors Caisse de dépot et placement du Québec and Fonds de Solidarité FTQ), in connection with Solmax’s acquisition of TenCate Geosynthetics Holding B.V., a global provider of geosynthetics and industrial fabrics, from Dutch conglomerate Koninklijke Ten Cate (Royal Ten Cate, the Netherlands), and advised on the related senior secured financing to support the acquisition.
  • Fortino Capital acquires Sigma Conso AsiaJones Day advised Fortino Capital Partners NV in the acquisition of Sigma Conso Asia, the Southeast-Asia distributor of the Sigma Conso consolidation and reporting software.
  • UPL Limited obtains US$500 million sustainability-linked loanIn a first of its kind for an Indian company, Jones Day represented UPL Limited in a US$500 million sustainability-linked loan with a US$250 million greenshoe option, arranged by MUFG Bank, Ltd. and Cooperatieve Rabobank U.A.
  • Twilio acquires ValueFirstJones Day advised Twilio Inc. in its acquisition of ValueFirst Digital Media Private Limited, a leading Indian provider of digital communication solutions through telephone voice and data communications offering services in India and South-East Asia.
  • Major U.S. contractor and technology licensor resolves dispute against Indian licenseeJones Day represented a major U.S. contractor and technology licensor against an Indian licensee in a SIAC-seated arbitration arising out of a long-term technology collaboration agreement.
  • ATN International sells majority stake in Vibrant Energy Holdings Pte Ltd to Blue Leaf Energy Asia Pte LimitedJones Day represented ATN International, Inc. on the sale of a majority stake in its renewable energy subsidiary Vibrant Energy Holdings Pte Ltd to Macquarie owned renewable energy development platform Blue Leaf Energy Asia Pte Limited.
  • QIC invests A$200 million in restructuring of Virgin AustraliaJones Day advised the Queensland Investment Corporation (QIC) on its A$200 million combined debt and equity investment and participation in the A$3.5 billion recapitalization and acquisition out of administration of Australia's second largest airline, Virgin Australia, by Bain Capital.
  • TeleSense raises $10.2 million in Series B roundJones Day advised UPL Limited in its investment into TeleSense, Inc., a California-based company that is revolutionizing grain storage and supply chain, in connection with the $10.2 million Series B fundraising by TeleSense.
  • Seal for Life acquires Flame Control Coatings, Highland International, LifeLast, and US CoatingsJones Day advised Arsenal Capital Partners ("ACP") on the four acquisitions by portfolio company Seal for Life of Flame Control Coatings, Highland International, LifeLast, and US Coatings, manufacturers of protective coating technologies.
  • Western Digital sells IntelliFlash™ business to DataDirect Networks, Inc. (DDN®)Jones Day advised Western Digital Corp. in the sale of its IntelliFlash™ business to DataDirect Networks, Inc. (DDN®), a global leader in artificial intelligence (AI) and multi-cloud data management.
  • Arsenal Capital Partners acquires Seal for Life Industries from Berry Global Group Inc. for $328 millionJones Day advised Arsenal Capital Partners on the $328 million acquisition of Seal for Life Industries from Berry Global Group Inc.
  • Investment Technology Group acquired by Virtu Financial, Inc. for $1.0 billionJones Day advised Investment Technology Group, Inc. (ITG) in respect of regulatory and other approvals and notifications in Australia, Hong Kong, and Singapore relating to the acquisition by Virtu Financial, Inc. of ITG in a cash transaction valued at $30.30 per ITG share, or a total of approximately $1.0 billion.
  • Wabtec and GE Transportation merge in $11.1 billion transactionJones Day advised Wabtec Corporation in a Reverse Morris Trust merger with GE Transportation, valued at $11.1 billion.
  • UPL acquires Arysta LifeScience from Platform Specialty Products Corporation for $4.2 billionJones Day advised UPL Limited ("UPL"), a leading global generic agrochemical company based in India, in connection with its subsidiary, UPL Corporation Limited’s, US$4.2 billion acquisition and related $3 billion term financing of Arysta Lifescience Inc. (“Arysta”), a global provider of crop protection solutions, including bio-solutions and seed treatment, from NYSE listed Platform Specialty Products Corporation (“Platform”).
  • Babcock Power reaches technology collaboration agreement with BHEL with respect to thermal power projects in IndiaJones Day advised Babcock Power, Inc. on the technology collaboration agreement with Bharat Heavy Electricals Limited (BHEL), for selective catalytic reduction systems for De-NOx application with respect to thermal power projects in India.
  • Surya Prakash Vietnam Energy Company develops first solar power project in Vietnam under new Vietnamese solar power regulationsJones Day is advising Surya Prakash Vietnam Energy Company Limited, a subsidiary of India's Shapoorji Pallonji Infrastructure Capital, in connection with its Phase 1 development of a 50MW grid connected solar power project in Ninh Thun Province in Vietnam.
  • GAIL Global obtains US$100 million trade finance facility from HSBC, SingaporeJones Day represented GAIL Global (Singapore) Pte. Ltd., a leading LNG trading, shipping, and risk management company, in connection with a US$100 million trade finance facility from HSBC, Singapore for the financing of trading activity of liquefied natural gas.
  • GAIL Global obtains US$70 million facilityJones Day represented GAIL Global (Singapore) Pte. Ltd., a leading LNG trading, shipping, and risk management company, in connection with a US$70 million working capital facility with ICICI Bank Limited, Singapore Branch, as lender.
  • The following represents experience prior to joining Jones Day.

    Represented JSW Group in its bid for a greenfield coal mine in Perth, Australia.

    Represented the Indian financial institutions in the restructuring of Enron's Dabhol Power Company, including liaison with government officials, domestic lender groups, and overseas banks in order to reach a settlement and to restart the project, and the consortium of lenders led by IDBI Bank in the refinancing of the Dabhol Power Project in Maharashtra, India.

    Represented an international consortium of bidders led by the GVK Group and South African Airports in its successful bid for developing the Mumbai airport. Subsequently represented Mumbai International Airport Private Limited in the development and privatization of the Mumbai Airport.

    Represented the syndicate lenders led by ICICI Bank in the financing of Karcham Wangtoo hydel power project (1000 MW) in India.

    Represented the World Bank and IFC in the first of its kind municipal financing of a water project in Maharashtra, India.

    Represented the Lanco Group as developers of the Lanco Green Hydel Power Project (70 MW).

    Represented JSW Group as developers in the Raj West Power Project (1000 MW) and advised the developers in the bidding process as well as negotiated the EPC contract and conducting due diligence.

    Represented ICICI Bank in the financing of two national highways in Maharashtra, India.


    • April 17-20, 2018
      Power and Transportation in Bangladesh, Sri Lanka and Pakistan, 2018 Jones Day Outbound and Overseas Compliance Seminar Series (One Belt One Road)
    • March 20-21, 2018
      The Fantastic transition to renewables: Is it a Golden Opportunity?, moderator, 4th Annual Asia Pacific Energy & Infrastructure Finance Forum
    • May 8, 2017
      Gas to Power / Renewables in South and South East Asia, panelist, IPFA Event: Moving Away from Coal Fired Power Projects
    • June 9, 2016
      Private Mergers & Acquisitions in South and Southeast Asia