Articles tagged with: liberalisation

CJI Khehar: Foreign lawyer entry will be good • 1 day later: BCI condemns ‘draconian’ LC report wholesale

Chief Justice of India (CJI) JS Khehar, as probably the first sitting CJI having been reported to do so, as far as we are aware, said at a function on Saturday (8 July) that legal market liberalisation should take place.

Survey: 9 out of 10 GCs want foreign law firms to enter, and most think foreign lawyers are better than domestic ones

General Counsel (GC) from 87 Indian companies would mostly like foreign law firms (FLFs) to come into India, but fewer than half of them would prefer giving their business to the FLFs, even though a majority of them find that the FLFs are generally more competent than Indian law firms.

Painful but possible: Ex-JSA’s Berjis Desai speaks freely about what he thinks Indian law firms must do to survive the foreigners

When we interviewed former J Sagar Associates (JSA) senior partner Berjis Desai last month about his new post-retirement life as a private lawyer, he said that one of the advantages with not being inside a law firm anymore, was that “one is freed from the world of conflict of interest - one is free to say what he wants, and speak what one wants.”

After Silf, BCI too is up in arms about possible plan to let foreign law firms into SEZs

Apparently, according to the Hindustan Times , Bar Council of India (BCI) chairman Manan Kumar Mishra thinks that the potential but still very tentative plan of the government to allow foreign law firms to open up in special economic zones (SEZs) is an attempt by the government to undermine the BCI....

GCs from India Inc agree: ‘BCI is the biggest bottleneck to law firm liberalisation at the moment’ but much work remains more widely

General counsel (GCs) from at least 15 big Indian companies welcomed liberalisation in Indian legal services, and said that the Bar Council of India (BCI) was currently the “biggest bottleneck” to law firm liberalisation.

Foreign firms in SEZs: As expected, Silf resolves ‘unanimously’ to oppose government notification

The Society of Indian Law Firms (Silf) reportedly passed a resolution yesterday opposing the government’s notification that might have been intended to pave the way for foreign law firms to operate in special economic zones (SEZs).

SILF tries to figure out response to foreign firms: Lalit Bhasin doesn’t want ‘evasive answers’ from members

The Society of Indian Law Firms (Silf) is not yet sure how to deal with the government’s surprise rule change that might see foreign law firms open up in special economic zones (SEZs) such as the Gujarat International Financial Tec-City (GIFT).

Will foreign law firms open first in SEZs (and GIFT)? Not yet, but gov’t paves a way with rule change

As first reported by Live Law this week, the ministry of commerce and industry, which has been spearheading the government’s efforts to liberalise the legal market, alongside the law ministry, has revoked a ban on the practice of law from special economic zones (SEZs), by issuing a notification in the Gazette of India amending the Special Economic Rules governing Special Economic Zones on 3 January 2017.

‘Liberalisation can never happen through BCI’: Ranbir Singh at Indo-Aus conference • Salman Khursheed: Young lawyers should help support it

The Bar Council of India (BCI) cannot be relied upon to take the legal services liberalisation process forward, said NLU Delhi vice chancellor (VC) Ranbir Singh on Saturday.

Advocates Act amendment ‘next session’, says BCI chair, as gag order shrouds reform talks in secrecy

The Bar Council of India (BCI) talks to come up with a new proposal to reform its regulation of the legal profession, have been shrouded in secrecy due to a media gag order since October.

‘Students will have best bargain’ in foreign firm entry, says NLU Delhi VC Ranbir Singh, now on IAU board

ranbir singh
ranbir singh
NLU Delhi vice chancellor (VC) Prof Ranbir Singh, who on Friday joined the board of the 300-plus member International Association of Universities (IAU), said that the “timing is proper” for liberalisation in Indian legal services.

‘My Lord!’ • BCI chairman Mishra threatens strikes in letter to ‘beloved Narendra Modiji’, ‘our guardian, our guide’, ‘most efficient & able leader’

Senior counsel and Bar Council of India (BCI) chairman Manan Kumar Mishra has sent a letter to prime minister Narendra Modi, copying in the finance, law and commerce ministers, pleading with Modi to not challenge the BCI’s role in regulating the legal profession and the entry of foreign law firms and to bring the BCI back to the negotiating table about the future of the profession.

British PM’s India mission to ‘pave way for UK lawyers’ • Services discussed today • BCI complains to NaMo

Opening up of professional services appeared to have been discussed by the delegation headed by UK prime minister Theresa May with the Indian government today, with British justice secretary Elizabeth Truss having said that May would “pave the way for UK lawyers to practise there” after she was asked about the progress of liberalisation in the UK parliament.

ICCA seeks to rescue liberalisation talks with 8-week roadmap to hammer things out • Responds to BCI slights

ICCA proposal of a 8-week, 8-meeting roadmap to hammer out liberalisation
ICCA proposal of a 8-week, 8-meeting roadmap to hammer out liberalisation
The Indian Corporate Counsels Association (ICCA) has proposed eight weekly meetings between various stakeholders in the legal services liberalisation discussion, in order to prepare a status report on the points of consensus and disagreement between them.

BCI makes friends with SILF, invites for help to regulate Indian & foreign lawyers • Bhasin, Rajiv, Jyoti, LK, Rohan Shah to visit BCI Saturday

Good friends: BCI invites Silf to help it come up with rules on Indian & foreign lawyers and profession
Good friends: BCI invites Silf to help it come up with rules on Indian & foreign lawyers and profession

The Bar Council of India (BCI) has invited the Society of Indian Law Firms (Silf) to help it fine-tune its proposal to the Law Commission, which was called upon by the Supreme Court to take a comprehensive look at the role of the bar councils’ “failure” and “inaction” in regulating the legal profession.

Under LawCom pressure, BCI drafts huge Bill to regulate deeper, harder, stronger with dominion over bar associations, youngsters, law firms

As SC pushes for rethinking BCI's role, BCI seizes day to float reforms, increase control over profession
As SC pushes for rethinking BCI's role, BCI seizes day to float reforms, increase control over profession
The Bar Council of India (BCI) has proposed to tighten its control over the legal profession by assuming more than a dozen new functions, statutorily recognising bar associations, formulating new governing rules for law firms and foreign lawyers, and enacting more stringent standards of professional qualification and conduct.

Entry of foreign law firms: We asked Prof Madhava Menon what he thinks

Liberalisation of legal services directly upholds citizens’ constitutional right to the choice of lawyers they want to engage, in Prof NR Madhava Menon’s view.

Upset BCI U-turns, throws spanners into today’s legal liberalisation talks • Ball now in GOI (and Supreme) court

BCI changes its mind on liberalisation after discussion floats possibility of alternative regulator
BCI changes its mind on liberalisation after discussion floats possibility of alternative regulator
The Bar Council of India (BCI) has backtracked on its earlier full-throated support of liberalisation of the legal market in a six-page letter, saying that it had encountered “strong opposition” from state bar councils and was therefore withdrawing its earlier draft rules to allow foreign lawyers.

ICCA draft liberalisation bill is most thorough yet: Proposes 26-49% legal FDI within 2-5 years, ad rules, CLE, insurance, more

The Indian Corporate Counsel Association (ICCA) has produced draft of a Foreign Legal Practitioners (Regulation of Practice) Bill 2016, which it will present at today’s meeting with ministries and stakeholders at 17:30 in Delhi.

Interview: SILF’s Lalit Bhasin slams quick foreign lawyer entry floated by INBA (which just won a seat at tomorrow’s negotiating table)

Lalit Bhasin: Silf 'contemptuously rejects' INBA proposal to open up legal profession this year
Lalit Bhasin: Silf 'contemptuously rejects' INBA proposal to open up legal profession this year
The Indian National Bar Association (INBA), which released a report last week calling for the entry of foreign law firms this year, has now also been invited to also meet the Government in tomorrow’s talks on legal market liberalisation.