India Gate, New Delhi, India. Credit: PHOTO JUNCTION/Adobe Stock India's Legal Market: The Ongoing Journey of Liberalization
In the past 18 months there has been a refocus on India with many international law firms setting up or strengthening their India practices.
August 12, 2024 at 05:30 PM
4 minute read
Regulation
Almost 18 months after the Bar Council of India's (BCI) March 2023 surprise announcement that the Indian legal market would be opening, this market is back in the news. The renewed chatter in global legal circles comes after BCI representatives told the Law Society of England & Wales that they are on course to implement amended regulations governing the entry of foreign lawyers and foreign law firms to India by the end of July 2024.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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