corporate
Infosys, beleaguered by speculation over boardroom disagreements, internal governance surrounding CEO compensation, severance pay, appointments of independent directors, visas and a difficult business environment, has appointed Cyril Amarchand Mangaldas to help it settle ongoing disputes and disagreements between the company’s bosses and various shareholders, as reported by The Hindu Business Line and others.
"Canadian Solar Inc. and China’s Unisun Energy Group bought 49 per cent stakes in solar projects being developed by Suzlon Energy,” reported Mint.
Archana Balasubramanian, Partner, Agama Law Associates argues that the new Companies Act corporate social responsibility (CSR) policy is deeply flawed at nearly every level.
Herbert Smith Freehills (HSF) has entered into associations with NLS, NUJS, Nalsar, NLU Jodhpur and Delhi so far.
Shireen Irani – executive director of online network for pro bono legal assistance i-Probono , tells the Hindu that the “push for volunteering” at the Indian legal workplace in the last three years has evened out the number of male and female lawyers registering on her website, to volunteer.
The site is free to use for people posting pro bono work and lawyers offering help, and requires lawyers to register with basic information including areas of expertise and speaking language.
Apart from acting as a bridge where people in need and lawyers offering pro bono assistance liaise on their own terms, i-Probono also assists the International Justice Mission with finding lawyers to conduct sessions on sensitising legal professionals to women victims of sex trafficking, oppression and slavery. [The Hindu Businessline]
If you didn’t know the exact address of the office, you’d be certain to miss it in the busy North Mumbai suburb. There are no signs and Michelle Mendonca’s business card, as legal director of the International Justice Mission (IJM), merely lists a PO box.
The only giveaway that you are at the correct place is a security keypad locking an unmarked door inside the building.
Dear corporate law firm lawyers, dear advocates. Have you ever struggled to explain to your non-lawyer friends what you do? Does your mum know what you do? Seniors, clients and spouses do not seem to have much of an insight either?
JSA partner Lalit Kumar glances back through 2011, the year that was dominated by the Anna Hazare campaign, via his lens of the most important reforms and changes in corporate laws.
Although a plethora of Indian anti-corruption and bribery laws exist, many are not very effective and foreign rules such as the UK Bribery Act and the US Foreign Corrupt Practices Act (FCPA) could have unpredictable consequences for Indian companies, said AZB & Partners, UK barrister’s chamber No5 and chartered accountancy BDO.
Eleven law firms, including six of India’s largest, Ashoka and the UK’s former attorney general Lord Peter Goldsmith QC have discussed how to develop a pro bono culture in Indian law firms as i-Probono, a UK not-for-profit and online portal seeking to connect lawyers to social sector projects, will launch in India to encourage law firms to do that which is “long overdue”.
The government is mulling making Corporate Social Responsibility (CSR) voluntary rather than mandatory with the objective of invigorating spirit of “intent” over “legislation” in the new Companies Bill which is awaiting parliamentary approval.
At India’s law schools legal aid and pro bono culture is flourishing but somewhere along the line lawyers seem to lose the opportunity to do good.
Find and directly apply for the latest junior, mid-level and senior positions at Indian corporate and litigation law firms. And new for students: apply directly for internships.
Former Luthra & Luthra and FoxMandal Little partner Vineet Aneja has now joined ALMT Legal to start up the firm’s office in Delhi.
Luthra & Luthra has hired DSK Legal associate partner Deepak THM as a private equity and M&A partner in its growing Mumbai office, taking the total headcount to five partners.
Bhasin & Co won a favourable verdict for its longstanding clients Apollo Hospitals that absolved the hospital company of any criminal liability for the individual negligent act of its doctor because mens rea or guilty intention cannot be ascribed to a company which is only a juristic person.
Read about all the important changes in Indian corporate laws in the past year, in this comprehensive round-up of the latest laws and regulations by the as-ever excellent Indian Corporate Law Blog.
Covering everything from LLPs, Satyam-fallout-related changes in corporate governance, SEBI reforms, the Takeover Code and M&A, exchange controls, taxation and commercial arbitration.
A little something for everyone in a corporate law firm, in short.
Happy New Year!
ILS Law College Pune students have started up a corporate law forum last week hoping to foster discussion and awareness of the area and improve students' career prospects.
Kochhar & Co has hired an Amarchand Mangaldas designated senior associate for its corporate team in Mumbai, vowing "aggressive" expansion in the city.
Freshfields Bruckhaus Deringer, Lex Counsel and Platinum Partners have advised on a $17.5m (Rs 85 crore) joint venture (JV) deal between the UK's Pearson Group and Delhi-based education company Educomp Solutions.