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BCI amends rules to let foreign law firms operate with partners in India

BCI amends rules to let foreign law firms operate with partners in India

The Bar Council of India (BCI) has introduced landmark amendments to its rules, significantly expanding the scope of foreign law firms’ operations in India. This reform marks a crucial shift in India’s legal services market.

Under the new rules, foreign law firms can now represent clients in all international arbitration cases in India and practice before courts through their Indian-licensed advocates and partners. This is a substantial change from the previous restriction to “non-litigious” matters only. The amendments also introduce the concept of “Indian-foreign law firms,” allowing Indian law firms to register as foreign entities while maintaining their domestic practice rights. This enables Indian lawyers to work with foreign law firms without surrendering their Bar license, creating a competitive environment in the international legal space.

The reform is particularly significant for India’s aspirations to become a global arbitration hub. Foreign firms can now handle arbitrations involving domestic law, provided their clients are primarily foreign-based. This change addresses long-standing demands from international businesses operating in India and aligns with global legal practice standards.

Read the original article here: https://www.msn.com/en-in/news/india/bci-amends-rules-to-let-foreign-law-firms-operate-with-partners-in-india/ar-AA1ENfgM?ocid=BingNewsVerp&cvid=b6cbfe42ee5a4fc2e84d8b613a2b5c61&ei=24

India: Justice BR Gavai to take oath as Chief Justice, first Buddhist in the role

India: Justice BR Gavai to take oath as Chief Justice, first Buddhist in the role

Justice Bhushan Ramkrishna Gavai is set to make history as India’s 52nd Chief Justice. He will become the first Buddhist and second Scheduled Caste member to hold the nation’s highest judicial position. His tenure will extend until November 23, 2025.

Throughout his distinguished career, Justice Gavai has been instrumental in several landmark judgments, including validating Article 370’s abrogation, striking down the electoral bonds scheme, and upholding the 2016 demonetization. He has also demonstrated his commitment to civil rights through significant rulings, such as granting bail to AAP leader Manish Sisodia and staying Rahul Gandhi’s conviction in the Modi surname case.

Born in Amravati in 1960, Justice Gavai’s legal journey began in 1985. He served in various capacities, including as Government Pleader and Public Prosecutor, before his elevation to the Bombay High Court in 2003. His appointment as Chief Justice of India marks a significant milestone in the judiciary’s commitment to inclusivity and constitutional values.

Read the original article here: https://www.msn.com/en-in/news/India/justice-br-gavai-to-take-oath-as-chief-justice-today-first-buddhist-in-the-role/ar-AA1EIVQw?ocid=BingNewsVerp

Anita Anand, daughter of Indian immigrants, becomes Canada’s foreign minister

Anita Anand, daughter of Indian immigrants, becomes Canada’s foreign minister

Anita Anand has made history as Canada’s first Hindu foreign minister. Prime Minister Mark Carney appointed her in a major Cabinet reshuffle. The former Defence Minister took her oath of office on the Bhagavad Gita, marking a significant milestone for Canada’s diverse political landscape.

An accomplished academic and politician, Anand entered politics in 2019 as MP for Oakville, Ontario. Her impressive career includes managing Canada’s COVID-19 vaccine procurement and overseeing military support to Ukraine as Defence Minister. Born to Indian immigrant doctors in Nova Scotia, she holds degrees from Dalhousie University, the University of Toronto, and Oxford University, and has taught at prestigious institutions including Yale University.

The appointment comes as part of Carney’s streamlined Cabinet, reduced from 39 to 29 ministers. While key economic positions remain unchanged, Anand replaces Melanie Joly, who moves to the industry ministry. This restructuring aims to strengthen Canada’s economic ties with the US and maintain its position among G7 nations.

Read the original article here: https://www.newsbytesapp.com/news/world/who-is-anita-anand-appointed-as-canadas-new-foreign-minister/story

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Recording of James Fok Fireside Chat 21 January 2022

Recording of James Fok Fireside Chat 21 January 2022

The book presents a groundbreaking exploration of US-China relations through the lens of international finance,  tracing the development of the US and Chinese financial markets, as well as the current US dollar-based global monetary system.  

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