Dua Associates has circulated a statement to members of the Society of Indian Law Firms (SILF) after 41 Dua lawyers and nine partners are now confirmed to have joined breakaway firm Tatva Legal. Tatva has also responded with its first public statement.

Dua Associates is opening an office in Singapore this month with the former Asia Pacific general counsel of Procter & Gamble. The firm has also hired two lateral equity partners for its Delhi office.

At least 20 to 30 lawyers from Dua Associates are starting up a new national law firm with offices in Delhi, Bangalore, Hyderabad and Mumbai.

Trilegal has qualified for Delhi’s Turf Twenty20 Cup for Law Firms with a perfect score after convincing wins in two games this weekend. Luthra & Luthra has also qualified by winning all its games, while Dua Associates and Kohli & Sobti qualify with two wins each alongside four other law firm teams.

Luthra & Luthra and Dua Associates are dead certs to qualify for the quarter finals in Delhi’s Twenty20 Cup for Law Firms after topping each of their respective pools though for six other teams anything is still possible.

The so-called Sarfesi Act is arguably one of the most important developments in Indian banking sector reforms with respect to the non-performing secured assets.

However, certain provisions of Sarfesi seem to be a deterrent to foreign lenders providing finance to Indian borrowers, which in turn affects genuine Indian companies also from raising low-cost international finance.