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Department of Commerce allows foreign law firms in GIFT SEZs; regulatory concerns raised

1 report, 1 independent Updated Fri 02:33
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

The Department of Commerce allowed foreign law and accountancy firms to be established in Special Economic Zones (SEZs), such as the Gujarat International Financial Tec-City (GIFT). The Society of Indian Law Firms reacted to the rule change, raising several questions regarding its implementation and legality.

From legallyindia.com

Why it matters

Some supportBrind's analysis of the reports

The Society of Indian Law Firms questioned whether the Department of Commerce had the authority to issue the notification and whether the Bar Council of India had approved the change. Concerns were also raised about whether the Advocates Act, which permits only Indian citizens to practice law in India, needed to be amended.

From legallyindia.com

Who's involved

  • Bar Council of IndiaThe statutory body that regulates the legal practice and legal education in India, whose approval was questioned.
  • GiftA company operating in GIFT, which may benefit from the increased business activity.

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The entities involved

Coverage

Newest first; wire copies grouped