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Some years ago Cyril Shroff and Bahram Vakil, opposing parts of India’s top two corporate-law firms, had been going through one another in a conference room in Zurich. When the clients’ discussions stretched, the 2 lawyers exchanged textual content messages about hunger pangs and wanderlust. Next factor, they say, they informed their respective purchasers that their time was up and they had a conference name. However, the Bar Council of India , underneath course from the Ministry of Law & Justice, drafted and notified the Registration and Regulation of Foreign Lawyers in India Rules, 2016.
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Bennett Jones provides Canadian authorized recommendation solely, but works with a network of dependable and experienced Indian attorneys and advisors to supply any wanted recommendation and legal help in India. The Narendra Modi authorities, performing on the above obligation, initiated talks with BCI in February 2015 to allow foreign regulation corporations to enter the Indian legal sector. We have a solid understanding of how enterprise is conducted in India, together with the interplay between authorities and enterprise on authorized, regulatory and tax matters. This is subject to registration with BCI for an preliminary interval of 5 years and training non-Indian law. They are ideally positioned to act as leading international counsel on transformational, cross-border deals. In relation to India, we're on the forefront of M&A, personal fairness, capital markets, project development and financing, leveraged financing, fund formation, dispute decision and general corporate advisory work. We don't advise on Indian law due to regulatory restrictions and work with the highest native corporations on the Indian regulation elements.
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