Supreme Court refuses to allow entry of foreign law firms

Foreign Lawyers Firms Cannot Practice In India Says Supreme Court

The apex court also held that foreign lawyers can appear in worldwide commercial arbitration subject to relevant institutional framework and rules.

The court verdict came on pleas challenging judgements by the Bombay and Madras High Courts. The Madras High Court had built on this in its 2012 ruling that foreign lawyers and firms could only advice Indian companies or individuals on a "fly-in-fly-out" basis, which effectively barred them from not just practice but also taking part in arbitrations and negotiations.

The Bombay High Court, in its 2009 judgement, had held that while foreign law firms could not practice in India, foreign individuals may do so after getting registered in India. The ball has now been passed to the government's court in order to consider appropriate legislation in connection with allowing foreign lawyers to come into India. And it also ruled that foreign law firms can fly in and fly out of the country to give legal advice, but they can't be allowed to set up permanent offices in the country.

The court, while slating the hearing for April 23, asked for BCI's perception of the rules as the body's main function is to regulate the legal profession and legal education in the country.It is estimated that more than 500 lawmakers practise as lawyers.

Ajay Shaw, partner, DSK Legal, said: "This judgment will not have any bearing on Indian law firms at this stage". Before that, India did not permit multinational law firms to operate in the country.

Related News:



Most liked

Guard Andrew Norwell expected to sign with Jaguars
The deal is expected to be for five years and $66.5 million with $30 million in guaranteed money, according to Schefter. Norwell is arguably the best free-agent on the market and also one of the best offensive lineman in the NFL.

'Millennials' rail card for 26-30s launches trial period
Demand for the railcard has been high since it went on sale on Tuesday morning, with the official website crashing under the strain.

Startup Company To Build 3D Print Homes For $10000
A trial run: The first home constructed using ICON's technology is being unveiled at SXSW in Austin , Texas, today. The industrial-sized printer can create houses for $10,000 but is aiming to decrease that price to just $4,000.

Fantastic Beasts: The Crimes of Grindelwald Gets First Trailer
But Grindelwald isn't the only one to return from hiding: Credence ( Ezra Miller ) the Obscurus who almost destroyed NY , is back. There are also some surprising nods to the Harry Potter stories that will delight fans of the books and film series.

Danny Woodhead and Austin Howard could come back to Ravens this offseason
Howard started all 16 games for the Ravens in 2017 after spending the previous three seasons in Oakland. That's when he aggravated a hamstring injury and was eventually placed on injured reserve.

Liverpool's Mohamed Salah told to shave his 'terrorist beard'
Aleksandar Mitrovic's future at Newcastle will be decided in May after the Serbia striker's impressive form on loan at Fulham. The Egyptian forward, 25, has been arguably the Premier League's best player since joining from Roma in the summer.

Relief For SBI Customers, Penalty For Not Maintaining AMB Reduced By 75%
In semi-urban areas, the three penalties will be Rs 7.50 instead of Rs 20, Rs 10 instead of Rs 30 and Rs 12 instead of Rs 40. The new charges, which will benefit about 25 crore bank customers, comes into effect from 1st of next month.

Spring Statement: Hammond announces 27000 new affordable homes in London
Hammond said real wage growth was expected to run positive from the first quarter of 2018/19, and would be "steady thereafter". Borrowing is now forecast to be £45.2 billion this year, £4.7 billion lower than forecast in November.

Grab to offer loans, insurance with new fintech platform Grab Financial
These financial services will fall under a new dedicated unit created by the rideshare, called Grab Financial Services Asia . What's new with Grab Financial is the addition of loan and insurance services to individuals around in Southeast Asia.

Vu calls Xiaomi low-end brand; Claims Sony, Sharp are real competitors
The new Mi TV 4A series will be targeted towards lower segment and is also "more accessible", according to the Chinese company. The 43-inch variant is priced at Rs 36,999, while the 49-inch and 55-inch are priced at Rs 46,999 and Rs 55,999 respectively.

Sukma: Names of 9 CRPF Personnel Martyred in IED Blast
The attack comes almost 11 months after 25 CRPF jawans were killed by a gang of nearly 300 Naxals at a construction site in Sukma. The injured personnel were being rescued from the spot and airlifted to the State capital.

Donald Trump ousts Rex Tillerson, Mike Pompeo is new secretary of state
In 2010, Pompeo defeated State Senator Jean Schodorf for the Kansas Republican primary for the 4th District Congressional seat. Gina Haspel will become the new Director of the Central Intelligence Agency , and the first woman so chosen.

1 killed, 2 injured in Plant City workplace shooting
Richard Paul Bliss, 49, shot and wounded two men in an office at Bliss Enterprises, deputies said, then was fatally shot himself. Authorities say a relative of one of the men who was shot heard the gunfire, came into the office and shot Bliss.

Man Utd's midfielder to retire at end of the season
Rashford hadn't scored for United prior to the game since December, but was trusted by manager Jose Mourinho to form part of a front-three trident with Romelu Lukaku and Alexis Sanchez.

Xiaomi rolls out MIUI 9 stable ROM for all compatible devices
Xiaomi India VP and India MD Manu Kumar Jain on Monday announced the availability of MIUI 9 to all compatible devices in India. Xiaomi has finally completed the MIUI 9 Global ROM release program for all the eligible Mi and Redmi series phones.