Category: India Legal News and Analysis
The Business of Law in India in 2019: Marketing, Innovation, Technology and Market Liberalization. An interview with Aman Abbas of Commwiser
Aman Abbas is Co-Founder & CEO, Commwiser, a Delhi-based consultancy focused on public relations and law firm marketing. His two decades of experience in public relations and communications in professional services includes work with Amarchand Mangaldas, India’s largest Law firm and Big4 acccounting firm KPMG, as […]
Slowdown Forecast for India’s Economic Growth
The five year term of the current Indian Government led by Prime Minister Narendra Modi is coming to an end as the electoral process commenced in the world’s largest democracy. The elections are being carried out phase-wise across the country and results are scheduled to be […]
Mixed Forecast for India’s Economic Growth
There were mixed forecasts for India’s growth in reports issued by Fitch and Moody’s. While one showed a continuous decline the other one appeared stable. There is a proposal to liberalise foreign direct investment in foreign portfolio investments. India and South Korea came together to create […]
Dip in India’s FDI While It Climbs Highest in IP Index
India reported reduction in its foreign direct investments. The draft national e-commerce policy has been introduced and currently available for submission of comments by stakeholders. The news to cheer was India’s climb in global intellectual property index. The RBI’s forecast on India’s GDP growth was announced […]
High Growth Forecast for India Amidst Some Concerns
India continued to receive high economic growth forecast, as per reports issued by the International Monetary Fund and United Nations (UN). However, the UN reported highlighted some concerns and worrisome factors. Government of India recently amended the external commercial borrowings rules to further enable ease of […]
M&A: Three easily mitigated but commonly overlooked pitfalls
New Delhi lawyers LexCounsel explore three of the most common mistakes made when it comes to Mergers & Acquisitions and their straight-forward solutions. Author Dimpy Mohanty Firm LexCounsel Mergers and Acquisitions (“M&A”) are an incredibly popular way to grow business inorganically. However, a failed M&A can have far-reaching consequences for […]
India Changes E-commerce FDI Rules
Government of India recently amended the FDI rules in the e-commerce sector. The amendment, though mentioned as a clarification, has made substantial changes to the regulations. Foreign portfolio investors’ registration has increased sharply during the year. The data protection bill appears to have been finalized. Fitch […]
Mumbai – A City Guide for Lawyers and Legal Professionals
Mumbai is the financial and commercial capital of India and home to the largest entertainment industry activity in the country. Originally a group of seven islands, Mumbai has grown into a dynamic and cosmopolitan city that never sleeps. Also known as a city of extremes, Mumbai […]
India Jumps in Doing Business Ranking
India shot up in the World Bank’s Doing Business ranking this year, marking a consistent rise in its performance in the last 4 years. The Government introduced a new initiative to keep the momentum going. India’s was also recognized as the second fastest innovater among major […]
India Recovers Slightly in Global Competitiveness Rankings
India climbed five places to reach rank 58 in the Global Competitive Index recovering from the huge dip last year, after stellar performances in 2015 and 2016. India’s economic growth forecast by the IMF remained slightly lower that its April forecast. The current royalty norms for […]
20th D. M. Harish Memorial Government Law College International Moot Court Competition, 2019
It is our pleasure to announce the 20th edition of the D. M. Harish Memorial Government Law College International Moot Court Competition (“DMH”), hosted by Government Law College, Mumbai, India, in association with the D. M. Harish Foundation. DMH is India’s first International Moot Court Competition and started […]
India’s High Trade Potential in South Asia
The World Bank released a report with startling study on how limited transport connectivity, onerous logistics and regulatory impediments, and lack of trust, it costs more to trade within South Asia than between South Asia and world’s other regions. To give an example – Its 20% […]
India’s Growth Forecast High Amidst Dollar Woes
India’s economic growth forecast remained stable with Moody’s predicting growth of 7.5%. This was close to the forecast of 7.6% by Reuters. The Government is aiming for further jump in India’s ranking in the World Bank’s Ease of Doing Business Report. Finally, the demonitisation report card […]
India World’s Sixth Largest Economy
India became the world’s sixth largest economy recently. However, its economic outlook forecast was marginally reduced. In its continued effort to improve ease of doing business, India announced results of States and Union Territories’ performance in Ease of Doing Rankings. India also became home to the […]
India’s Economic Growth Scores Highest in World Bank Report
India’s economic growth prospects received a major boost from the World Bank and the Government of India reports. The Government also simplified the reporting of the foreign investment by Indian entities. The Government’s increasing focus on intellectual property rights and its awareness resulted in creation of […]
India Attracts Largest E-Commerce Deal
India’s potential for high growth in retail came to the forefront with the acquisition of its biggest homegrown online retail company. The high economic growth prospects were reaffirmed by the IMF. There will be a new system for monitoring of foreign investment in listed entities. The […]
India receives high economic growth forecasts
The global discussions around India’s economic growth continue to gather focus as we enter into the fifth and final fiscal year for the current Government. There was mixed response from various international agencies, which we have captured below. Asian Development Bank – Asian Development Bank (ADB) […]
India virtually closes the door to entry of foreign law firms
The much awaited verdict of the Supreme Court of India was pronounced recently which virtually closed the door for entry of foreign law firms. The Government has drafted an updated defence policy which seeks to increase foreign direct investment in the sector. India and Canada have […]
Global Corruption Index Dampens India’s Governance
The Central Government’s financial budget was announced wherein some foreign investment related policies were mentioned. There were changes proposed for foreign portfolio investors. The Indian Prime Minister declared India to be one of most open economies in the world. However, the dampener was India’s downward movement […]
Asia Law Firm Management Congress set for Mumbai, April 12, 2018
The second annual Asia Law Firm Management Congress (ALFMC) will take place April 12, 2018 at The St. Regis Hotel in Mumbai, India. Following up on a successful inaugural event last year where over 70 lawyers and management professionals from law firms across the region gathered to share ideas and debate the […]
Sweeping Changes to India’s FDI Policy
2018 began with a bang for foreign investors as India made multi-fold changes to its FDI Policy. The IMF also forecast India would become the fastest growing economy in 2018 and 2019. The Bar Council of India denounced the changes suggested by the Law Commission of […]
India’s Indigenous Progress
As 2017 draws to a close, the Indian Government’s initiatives on ‘Make in India’ seems to have made significant progress in one industry. The labour law reforms undertaken by the Government in the last three years have been summarized recently in the Parliament. A Harvard Law […]
India’s All-round Improvement & Crowning Glory
There were landmark achievements by India this month. The most prominent being the phenomenal jump in its World Bank Ease of Doing Business Rankings. India’s credit rating improved. Internally, the GST rates of a large number of items were rationalized. Further, there was progress on the […]
Will India Move Up in the World Bank Rankings?
The Government of India continues to take steps to improve ease of doing business in India. Various reports have been published by the media recently reflecting an expected improvement in the World Bank’s ranking for India, due to be published shortly. There are other areas and […]
India: FDI Policy Boosts Start-ups
India’s consolidated foreign direct investment policy was finally issued recently. The real estate sector is attracting significant foreign investment. Following up on last month’s activities, there was a further development relating to entry of foreign law firms in India. And a very important decision relating to […]
Indian legal startup Lawyered.in: Helping people find lawyers in Asia’s 3rd largest economy
As the world’s sixth largest economy and Asia’s third largest economy, India represents a significant opportunity for any legal services sector entrepreneur. In Asia Law Portal’s continuing coverage of the Asia-Pacific region’s NewLaw and legal startup economy, here’s our recent interview with Raghav Shekhar, Co-founder and […]
Indian Prime Minister Pushes For Entry of Foreign Law Firms
The activities relating to entry of foreign law firms in India gathered pace this month as the Government actively took initiatives. The biggest impetus to keep the momentum going was the Prime Minister’s views and directives to enable the Government machinery to expedite. Some major changes […]
Chief Justice of India Inclined Toward Entry of Foreign Law Firms
India’s fast track regime for FDI approvals has become a reality now with the publication of the standard operating procedures in this regard. An additional condition has been proposed in Mauritius which will add to the compliance for companies routing their FDI into India through the […]
India: Fast Tracking FDI approvals
India is moving towards a fast track regime for FDI approvals. The Government has initiated the process for creating standard operating procedures in this regard. FDI, being a critical factor, has contributed to improving India’s balance of payment. The growing importance of India can be gauged […]
Modi’s Third Anniversary Achievement – India Retains Top FDI Recipient Rank
India was able to retain its top position in greenfield foreign direct investment (FDI) by beating China and the United States for the second year in a row. The Government’s continuous efforts to improve the FDI climate in the last year have achieved desired outcomes. As […]
India’s Law Commission Frames Rules to Recognise Foreign Lawyers
The Supreme Court has expressed its concern over unsatisfactory regulatory mechanism governing the advocates and observed in a case that there was an urgent need to review the provisions of the Advocates Act, 1961. The Law Commission of India, a body which looks into legal reforms, […]
Legal services disruption in India: Risks and opportunities
For those lawyers and legal services sector professionals about to gather in Mumbai for IDEX Legal’s Asia Law Firm Management Congress (ALFMC) April 20th – thoughts of legal market liberalization and change hastened by technology are taking center-stage. But what do these things mean? And what […]
Facilitating cross-border trade and investment in the Asia-Pacific: An interview with Babita Ambekar of Duane Morris & Selvam
Babita Ambekar is Head of Duane Morris & Selvam’s India and Japan Practice Groups. She advises multinationals on transactions involving India, Indian companies on their global expansion, in Singapore and abroad. She regularly advises Japanese companies on regional and international matters and is actively involved in the […]
First ever Asia Law Firm Management Congress to take place in Mumbai, April 20, 2017
The first ever Asia Law Firm Management Congress (ALFMC) will take place in Mumbai, April 20, 2017. Presented by ThomsonReuters and curated by IDEX Legal. The St Regis Hotel will be the conference venue. As LegallyIndia has detailed — the event will bring together lawyers from leading […]
India Beats Demonitisation to Remain Fastest Growing Economy
India remains the fastest growing economy notwithstanding the predicted contraction due to demonitisation last November. This fact was also recognized in the recent elections in five states, where BJP was a winner in four states. The party at the centre, BJP was able to secure the […]
India Sixth Great Power in 2017
While the Indian economy seemed to have recovered from the demonitisation drive, the year began on a promising note with India making it to the sixth position in a global list of top eight great powers in 2017. Although political parties are gearing up for upcoming […]
India becomes World’s Fifth Largest Economy
India beat all forecasts to become the world’s fifth largest economy way ahead of the 2020 prediction. The growth of the economy is led by Government initiatives like ‘Make in India’ and surging foreign direct investment. Fifth Largest Economy – India was finally able to overpower […]
India: Government Withdraws Currency to Choke Parallel Economy
In a bold move, India’s Prime Minister demonetized certain currency notes earlier this month. This announcement sent shockwaves throughout the country and took everyone by surprise. However, despite the numerous hardships most citizens seem to be favouring the move in anticipation of long-term gains for the […]
Bar Council of India Stalls Entry of Foreign Lawyers
The Bar Council of India (BCI) has managed to throw a spanner into the Government’s steps to allow entry of foreign law firms. The Government continues its efforts to attract foreign investment with new and innovative initiatives and strategies. Entry of Foreign Lawyers – The Bar […]
India Accelerates on Global Competitiveness
For the second year in a row, India jumped 16 places on the Global Competitiveness Report giving a boost to the Government’s initiatives to improve the business environment and make India a preferred global business destination. India is also working on the weaknesses identified and the […]