Global law, local practice

BCI's move recognises India's corporate globalisation

The Bar Council of India’s (BCI’s) decision to allow foreign law firms to set up office in India and offer corporate law and merger and acquisition (M&A) services can be seen as a significant step in modernising business in recognition of the increasingly global nature of corporate activities in the country. The broad contours of the rules, which the BCI notified earlier this week, allow foreign law firms that register with the BCI to practise on a reciprocal basis, and limited the scope of work to transactional and corporate work, such as M&As, intellectual property matters, and drafting contracts. Foreign law firms or lawyers cannot, however, appear for clients in Indian courts, tribunals, or other statutory bodies.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

MONTHLY

₹ 249

Select

ANNUAL

₹ 1799

Select

Best Offer

SMART ANNUAL

₹ 1499

₹ 1799

Opt for auto renewal and save Rs 300

Select

What you get on Business Standard Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
Pick your 5 favourite companies, get a daily email with all news updates on them.
26 years of website archives.
Preferential invites to Business Standard events.