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liberalisation

14 July 2016

The Narendra Modi government’s push for the Goods and Services Tax (GST) bill and other legislation - including potential reforms of the legal services sector - could see another roadblock in the upcoming monsoon session of Parliament with the Congress getting set to attack the Centre on the Supreme Court verdict to restore the ousted Congress government in Arunachal Pradesh.

12 July 2016

The Society of Indian Law Firms (Silf) meeting held in Delhi yesterday (11 July) to discuss its response and position to the Government proposal to liberalise the legal market, has seen the body set up a high-powered committee without any fundamental disagreements voiced about the next steps to take, according to several people who were present.

05 July 2016

As we would have alerted our premium subscribers on Friday when we broke the news, something actually Big and Important has happened for the first time in ages on the liberalisation front.

04 July 2016

Is the door for foreign law firms to India half open or half closed? Guess what, it totally depends...The liberalisation process might never have been as advanced, but it remains a process fraught with sensitivity.

01 July 2016

The liberalisation gates have never been this half-openThe Bar Council of India (BCI) has drafted rules to allow foreign lawyers to practice in India, with the law and justice ministry having invited other ministries and three other organisations to discuss the proposals on Tuesday (5 July).

27 June 2016

A South Korean citizen who graduated from JGLS Sonepat last year is facing a dead end at the Bar Council of India (BCI), on her application to take the All India Bar Exam (AIBE). She took admission to JGLS relying on the reciprocity clause in the Advocates Act 1961.

19 February 2016

The bar councils are the only remaining speed bump in the government liberalising legal services, the law ministry secretary responsible for implementing the entry of foreign law firms said today.

19 February 2016

An American Bar Association (ABA) source told Legally India that the ABA president Paulette Brown had met with the law minister yesterday and talked about liberalisation.

02 February 2016

CMS has become the first international firm to open an office in Iran, two weeks after sanctions against the country were lifted by the US

24 January 2016

Our third email newsletter this year talks of the costs of doing business, the possibility of liberalisation, and a long-expected party…

20 January 2016

Finance Minister Arun Jaitley has expressed support for enabling foreign lawyers to establish a presence in India.

30 October 2015

No “fresh permission or renewal of permission” shall be granted by the RBI to foreign law firms seeking to open a liaison office in India “till the policy is reviewed based on final disposal of the matter by the Supreme Court”, the _Reserve Bank of India (RBI) _said yesterday in a notification reported by the PTI.

This was possibly issued to comply with the Supreme Court orders in the AK Balaji case, most recently in September, directing the RBI to maintain the status quo, or there is an outside chance the notification was prompted by a foreign law firm inquiring about the status of the policy.

The [https://www.legallyindia.com/News/download-the-judgement-lawyers-collective-v-ashurst-chadbourne-parke-white-a-case Bombay high court had first artculated the ban in 2009 against Ashurst, White & Case and Chadbourne & Parke that had representative or liaison offices in India.

10 October 2015

One more seat at the Compat table remainsFormer commerce secretary and legal sector liberalisation architect Rajeev Kher assumed office as member at the Competition Appellate Tribunal (COMPAT) yesterday, according to its website, filling one of the two empty member posts which were last occupied at the tribunal in May 2014 and August 2014.

15 September 2015

The Indian judiciary has been grappling with the question of whether to permit foreign lawyers to practice in India for more than two decades. After yesterday’s hearing in the Supreme Court, it doesn’t look like any end is in sight.

05 August 2015

New York New YorkBrus Chambers, a Mumbai-based law firm has opened a subsidiary firm headquartered in New York.

22 July 2015

The arbitrators are coming...Commerce ministry joint secretary Sudhanshu Pandey told a US-Indian delegation today that the government would seek to pass an amendment to the Arbitration and Conciliation Act this session that would allow foreign lawyers to come to India to act for their clients in arbitrations in order to boost domestic arbitrations.

21 July 2015

In the red corner...Can your accountant also assist you on drafting a joint venture agreement? Or is this work best left to a lawyer to check for compliance with various rules and legislation? And what happens when one company drops a nasty legal notice on the former joint venture partner? Is when things get contentious and litigious the line where only a lawyer can step in and take care of business?