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Vaish starts competition with senior CCI hire

Vaish Associates has started a competition law practice with the hire of former Jindal Steel in-houser and Competition Commission of India (CCI) registrar M M Sharma.

Sharma (pictured) has joined as head of competition law & practice in the firm's Delhi office and he aims to build the competition law practice, which currently consists of him and two associates.

He said: "The future [of competition law] is good because India is going to go the way European Commission is going; the European Commission is coming down very heavily on cartels."

He added that even though the competition practice at Vaish was being built up from scratch, he was already advising a French company on entering the Indian electricity market but was facing entry barriers from local competitors.

Sharma is currently trying to recruit the firm's corporate associates to join the competition team, having given two internal lectures on competition law.

Sharma was 'adviser legal' at Jindal Steel, heading up an in-house team of around two lawyers from 2008 until he joined Vaish Associates in July of this year.

Between 2006 and 2008 he was additional registrar at the Competition Commission of India (CCI).

Several firms have been trying to grow their competition practice after the CCI assumed some of its executive powers in May.

An article in Legally India's Legal Opinions series recently analysed the lessons the CCI could learn from the work of the European competition regulators.

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