BAR OF INDIAN LAWYERS
Global law firms' India entry plans hit regulatory hurdle
The Bar Council of India and the Law Society of England and Wales discussed allowing foreign law firms in India. Despite initial excitement, regulatory clarity remains elusive, delaying plans. Global firms are cautious due to tax and registration ambiguities. Key stakeholders urge clear and transparent rules to effectively integrate foreign legal practices into India’s market.
ET 40 Under Forty 2024: Celebrating India's top young business leaders
The Economic Times 40 Under Forty list features a diverse group of young business leaders, including entrepreneurs, professionals, and innovators from various industries. These individuals have made significant contributions and are shaping the future of business in India. Learn more about their inspiring journeys and accomplishments.
Bulldozing three existing laws: Chidambaram slams govt over new criminal laws
The Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Adhiniyam replaced the British-era Indian Penal Code, Code of Criminal Procedure and the Indian Evidence Act, respectively. In a post on X, Chidambaram said, "90-99 per cent of the so-called new laws are a cut, copy and paste job. A task that could have been completed with a few amendments to the existing three laws has been turned into a wasteful exercise."
UK law firm Ashurst names Kalpana Unadkat and Shishir Mehta co-heads for India practice
UK-based law firm Ashurst appoints Kalpana Unadkat and Shishir Mehta as co-heads of their India practice in London, reflecting the firm's commitment to investing in India's growing market.
Advocates cannot be held liable under Consumer Protection Act: Supreme Court
The Supreme Court ruled that advocates cannot be held liable for deficient services under the Consumer Protection Act 1986. It stated that the legal profession is unique and specialized, with advocates required to respect client autonomy and not make concessions without instructions, thus excluding them from the Act's definition of services. This came in a response to a plea challenging a 2007 National Consumer Disputes Redressal Commission (NCDRC) verdict.
Ex-Jane Street trader pillories claims he stole trade secrets
Responding to a lawsuit filed by Jane Street this month, Douglas Schadewald said it was “not only wrong, but impossible” that he and a fellow defector, Daniel Spottiswood, cost the company more than $150 million in profits between February and March when they went to work for rival Millennium.
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GIFTwrap for golden return visa
Golden visa offers citizenship to wealthy Indians. Concerns over exploitation led to restrictions in EU countries. GIFT City in Gujarat provides an 'anti-golden visa' alternative. Mumbai branch proposal aims to attract businessmen back.
BJP's Ravi Shankar Prasad backs letter by 600 lawyers to CJI against 'group trying to influence verdicts'
"...It is indeed saddening that some people, including those who are close to the Congress establishment, have always taken a very grim view at times about judiciary, depending upon what kind of judgments have come. These are the people who at one time talked of committed judiciary. These are people who at one time hailed the supersession of judges by the Congress government in the 1970s...Indian judiciary is an extraordinary institution. We are very proud of it," the BJP MP said.
To browbeat, bully others is vintage Congress culture: PM Modi on lawyers' letter to CJI
Prime Minister Narendra Modi on Thursday said it is a "vintage Congress culture" to browbeat and bully others, remarks that came in reaction to more than 600 lawyers writing to the Chief Justice of India, alleging that a "vested interest group" is trying to put pressure on the judiciary and defame courts. "To browbeat and bully others is vintage Congress culture.
Billions awarded in Indian brothers’ LA real estate court feud
In a long-running legal feud involving five Indian brothers, a US jury has ordered Haresh Jogani to pay more than $2.5 billion in damages to his siblings and divide shares of their Southern California property empire, comprising about 17,000 apartments. The case alleges Haresh breached a partnership with his brothers, and the punitive damages hearing on Monday may increase the award.
View: Sony’s spurned target shows the pitfalls of tempting Indian M&A
Sony Group Corp. narrowly escapes a risky $10 billion Indian merger after legal intervention, leaving target Zee Entertainment Enterprises Ltd. in dire straits amid mounting legal woes. The saga underscores caution for foreign investors in Indian deals. Zee's financial woes deepen as Sony's retreat prompts uncertainty, leaving room for new suitors like Adani, but with hurdles to clear.
Fali Nariman passes away, leaves a legacy of legal brilliance and integrity
Fali Nariman, a highly respected jurist and senior advocate to the Supreme Court of India, passed away at the age of 95. Known for his contribution to international arbitration and his distinguished career as a constitutional lawyer, Nariman argued several famous cases and received numerous accolades. His death has been mourned by the legal fraternity and he leaves behind a legacy of integrity and wisdom.
India’s crackdown on financial risks puts industry on watch
RBI has been concerned about round-tripping of potentially bad loans, rise of unsecured lending and heavier linkages between AIFs and regulated entities, all of which can “potentially build up stress in the financial sector,” said Abizer Diwanji, financial services leader at Ernst & Young India.
Barring iPhones, sales dip for Apple devices; used-car startups diversify as growth tanks
Though sales of Apple iPhones in India are skyrocketing and outperforming the broader smartphone market, shipments of other Apple products are likely to take a hit this year, suggest analysts. This and more in today’s ETtech Morning Dispatch.
Strong, impartial justice system the base for making India developed by 2047: PM Modi
Prime Minister Narendra Modi addressed the International Lawyers' Conference and emphasized the importance of a strong and impartial justice system for India to achieve its goal of becoming a developed nation by 2047. He called for a global framework to address issues such as cyberterrorism, money laundering, and misuse of artificial intelligence.
Surrender of sovereignty of J&K to India was "absolutely complete" with accession: SC
Observing that once Article 1 of the Constitution says India shall be a Union of States, including Jammu and Kashmir, the transfer of sovereignty was complete in all respects, a five-judge constitution bench headed by Chief Justice DY Chandrachud said.
Exam for foreign law degree holders: SC disposes of plea seeking directions to BCI for declaring results
The Supreme Court has disposed of a plea seeking directions to the Bar Council of India to declare the results of the qualifying examinations for Indian nationals holding foreign law degrees. A vacation bench of Justices Aniruddha Bose and Rajesh Bindal was informed that results have already been declared on June 7.
State takes over after FIR, father's U-turn not decisive in probe into sexual harassment case against WFI chief: Legal experts
Minor wrestlers father takes U-turn into sexual harassments case, claims that the false sexual harassment complaint was deliberately lodged against outgoing WFI chief Brij Bhushan Sharan Singh. The legal experts on Friday responded and said will not be "decisive" and police can still proceed with its probe.
India's law firms fret about poaching, plan fee hikes as foreigners gain a foothold
As of March 10, foreign law firms can now set up shop in India to offer M&A and corporate advisory services as well as to handle arbitration disputes for foreign clients. India had some $50 billion in cross-border deals last year while corporate arbitration cases and other legal disputes have continued to grow, making the South Asian market a lucrative one for global lawyers who until now have had to operate on a fly-in, fly-out basis.
Bar Council of India allows entry of foreign lawyers and law firms in India
This is a significant development since now foreign law firms will be able to establish their offices in India to advise clients on transactional and corporate work such as joint ventures, mergers and acquisitions, intellectual property matters, drafting of contracts and other related matters.
Apex Court seeks Solicitor General's view on plea alleging failure to set up Commercial Courts
The Indian Commercial and Arbitration Bar Association said despite the legislature having "made a loud and clear declaration" to set up commercial courts, the country is yet to see effective implementation even after almost eight years.
Pardon the AI, Your Honour: The era of a robot lawyer isn’t too far away
While AI tools have the upper hand in some tasks, others are better left to the 'fickle' judgement of human lawyers. Lawyers must employ their professional judgement to know where to draw the line. One would understand the prosecutors' apprehensions. ChatGPT, as impressive as it is, is untested and has limitations.
Sri Lanka's former president ordered to pay SLRs 100 million in compensation for failing to prevent 2019 Easter attacks
In its verdict, a seven-member bench of the Supreme Court ruled that the respondents named in the petitions for failing to prevent the 2019 Easter Sunday attacks had violated the Fundamental Rights of the petitioners.
Enjoyed journey of 37 years in Supreme Court: CJI U U Lalit
CJI Lalit, who is set to retire on November 8, was speaking as he sat on the ceremonial bench in the apex court for the last time with his designated successor Justice D Y Chandrachud and Justice Bela M Trivedi this afternoon. He said it was a great feeling to pass on the baton to the senior-most judge, Justice Chandrachud, as he began his stint in the top court by appearing before his father and16th Chief Justice Yeshwant Vishnu Chandrachud.
Morbi bar association not to represent accused in bridge collapse
"Morbi Bar Association and Rajkot Bar Association have decided to not take their case and represent them. Both the bar associations have passed this resolution," senior advocate A C Prajapati said. "All the lawyers of the association are deeply saddened by the tragedy. This is a moral call. We won't represent any accused in the bridge collapse case after the death of so many innocent people," another lawyer said.
After Benami ruling, all eyes on 'retrospectivity' of Black Money Law
While the I-T Act can be used to claim tax on 10-year old undisclosed income, the Black Money (BM) Act empowers the tax department to go after assets that were acquired decades ago but discovered now.
Lawyer writes to AG seeking consent for contempt of court case against Kapil Sibal
On August 6, speaking at an event Sibal stirred a row by saying that he has lost hope in the Indian judiciary. "This year I will complete 50 years of practising in the Supreme Court and after 50 years I feel I have no hopes from the institution. You talk about progressive judgements delivered by the Supreme Court but there is huge difference of what happens at the ground level.
Smriti Irani's daughter running 'illegal' bar in Goa, alleges Congress
Congress noted that the issue is very serious and shared a copy of the show cause notice given to the bar. After pressure from authorities, the official who gave the notice is being transferred, alleged the Congress.
No colourful shirts, please: Allahabad HC shares dress code for lawyers during virtual hearings
It said cyberspace was an extended courtroom, and casual attire was unacceptable.
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