Bar & Bench News Network
On September 30, 2011 US and Indian law firms got together at the US-India Business Council’s 3rd Annual Legal Services Conference in New Delhi. The Conference was organized to form closer ties and share experiences on complex regulatory and policy hurdles.
“As economic ties strengthen between India and the United States, underpinned by ever-more sophisticated transactions, mergers and acquisitions, so too will our legal issues become more and more complex, requiring the support of the best legal and accounting talent available in our respective countries,” said Ron Somers, President of the USIBC, according to the press release.
The dignitaries who attended the conference included the Law Minister Salman Khurshid (pictured right); Deputy Chief of the U.S. Embassy, Don Lu (pictured left); Legal Jurist and Senior Supreme Court Advocate Fali S. Nariman; Former Chief Justice of India J.S. Verma; Chairman of the Committee on National Competition Policy, Dhanendra Kumar; SILF President Lalit Bhasin.
There were panel discussions on issues like corruption and transparent growth, tax policy (Direct Tax Code) and planning, data privacy and security and role of General Counsels.
The highlight of the conference was the USIBC Lifetime Achievement Award given to Fali S. Nariman (pictured right) for his contribution to global understanding and international jurisprudence. The award was presented by former Chief Justice of India J.S. Verma (pictured right).
Fali Nariman on receiving the award said, “To me the hidden message of such awards is you have done well for one lifetime. Let others takeover”.
Bar & Bench has earlier interviewed the living legend of law, Fali S. Nariman.
Speaking to Bar & Bench Chair of USIBC’s Legal Services Executive Committee and Partner at Covington & Burling LLP Ralph Voltmer said “Today’s event was very successful. I thought it was an opportunity for Indian and US legal community to come together in real to discuss together and think about and consider complex regulatory issues that our mutual clients who are global clients in conducting business throughout the world are confronting and giving us an opportunity to think about how we can work together in order to help them achieve their business objectives."
The USIBC was founded in 1975 at the request of the governments of India and the US to deepen trade and strengthen commercial ties. USIBC is the premier business advocacy organization representing nearly 400 of America’s top companies investing in India, joined by India’s finest global companies.
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- 1. "If a officer who work sincerly and with full dedication to protec labour rights with in limit of laws and due to his sincer efforts some of the influence industrilists and officers get effected becouse they do not want any restriction in their wrong doing, should be fixed in falls cases insted of killing him becouse fixin him in falls cases is better than killing him so his family and he himself can suffer years together due inefficient system of this country.A officer does work hard he passout from the UPSC which is the highest recruting constitutional boady of india but few influencial people can finish his entire career by taking an advantage of weak system of law or GOVT.policy. ". Audichya, (Unknown City?)
- 2. "we have morev than 400 hundred million unorganised workers in india but it is the matter of surprise that they can not claim their rights in effective manner. if any officer come forward to protect their rights this societ of inflencial people either kill them or fix them in some falls cases. even judges also also do not protect such officers. now more or less the time has come that these poor working class has to face hire and fire system again. unions have been paralised govt officers have to save their life and service. Judges like justice Bhagvati,justice verma who were having human approach have been retired now. Good people in the country do not want to come forward due to ill will of the influencial people and non protection.At this junction we can only pray to god.". Audichya, (Unknown City?)
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The Viewpoint: Indemnification Provisions - Is the fight on the indemnity clause worth the effort?
May 17, 2012 | Bar & Bench brings to you the twentieth article on 'The Viewpoint' series with its Knowledge Partner AZB & Partners. AZB Senior Associate Nandish Vyas and Associate Pranati Ishwar in this article seek to examine the context in which indemnification rights are relevant for acquisition transactions, and also seek to explore if there are areas where they are potentially not worth the comments (4)
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