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On SILF's position, Bhasin said,
"Since 2014, SILF has not opposed entry of foreign law firms. But it has to be done in a staggered manner keeping the interest of Indian lawyers and law firms."
FYI SILF once said foreign law firms are like the East India Company. Not kidding. See this report on LI (quoting general secretary Rohit Kochhar):
https://www.legallyindia.com/the-bench-and-the-bar/how-silf-feels-about-liberalisation-not-happy-but-more-or-less-ready-for-entry-wants-singapore-model-20150825-6496
https://www.barandbench.com/news/corporate/entry-of-foreign-law-firms-indian-firms-flag-concerns-on-reciprocity-level-playing-field-silf-to-send-representation-to-bci
Hahaha.
https://www.barandbench.com/news/corporate/entry-of-foreign-law-firms-indian-firms-flag-concerns-on-reciprocity-level-playing-field-silf-to-send-representation-to-bci
- Lalit Bhasin
- Cyril Shroff
- Vandana Shroff
- Pravin Anand
- Rohit Kochhar
...........There is no level playing field given the constraints on Indian firmsregarding forming LLPs, ......
What restrictions are these on Indian law firms?If I am not wrong CAM and its assets real estate etc are eventually part of some Shroff LLP company, right?Knowing them they will say the law/restriction doesnt apply to them.....but what LLP restriction on other Indian law firms?