Category: India Legal News and Analysis

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India: Retrospective Tax on Foreign Investment a Step Backward

In the past month the Indian Government took action towards facilitating foreign investment as was promised in the annual Union budget. However, all the beneficial steps were overshadowed by the controversial levy of Minimum Alternate Tax on capital gains by Foreign Institutional Investors. There were welcome […]

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Regulatory Reforms Indicate India’s Commitment to Foreign Investment

The ‘Make In India’ campaign is going full throttle with the Government initiating key changes to its foreign direct investment policy and the finance budget providing further fillip with slew of regulatory reforms. Further, there is fresh hope for entry of foreign law firms. Foreign Direct […]

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Will India’s new government liberalize the country’s legal market?

Legal markets across the Asia-Pacific region have been liberalized in recent years.  Liberalization of the Singapore, Malaysia, Hong Kong, South Korean and Indian legal markets are all at various stages of development.  India, arguably, is the least liberalized among them.  Member states of the World Trade […]

India to lift restrictions on law firm websites

“The Bar Council of India has responded to widespread demands by announcing it is to lift restrictions on law firm websites”, according to a recent report by Melissa Lesh in The Global Legal Post. As Lesh outlined: “The bar is planning to amend the regulation dealing […]

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India’s legal industry growing rapidly

“India[s] legal services industry is growing at a rate of about 40% per annum”, according to a report by Daisy Khanna, of KPO Consultants, a New Delhi-based consulting company which provides business solutions exclusively to the Legal Process Outsourcing (LPO) industry. While driven in large part by India’s LPO […]