IndiaLaw LLP

"I realized that the true function of a lawyer was to unite parties. A large part of my time during the 20 years of my practice as a lawyer was occupied in bringing about private compromises of hundreds of cases. I lost nothing thereby – not even money, certainly not my soul." Mahatma Gandhi's words couldn't have been truer, especially at a time when the backlog of court cases is so colossal that alternate means of dispute resolution have evolved from being an alternative to being a necessity. Arbitration has, especially, gained popularity for business dispute resolution due to the fact that it allows for private settlement of disputes away from media attention and ensures confidentiality, unlike Courts which provide a public forum for dispute resolution. However, anybody who has had firsthand experience of being involved in an arbitration would know that it has a long way to go before it achieves its desired purpose of becoming faster and mo...

Real estate is one of the fastest growing sectors in India, with assertions of it being on an upward trajectory after witnessing significant developments over the past one and a half years. The sector is set to reap the benefits of the reforms which began in May, 2016 with the notification of the Real Estate (Regulation and Development) Act, 2016 (RERA). RERA has since enhanced investor confidence, paving way for more structure and transparency in the sector. Further, the rolling out of the Goods and Service Tax (GST) has been claimed to bring more clarity in the process, by clubbing many different taxes into one. The combined effect of all these reforms has been an increase in real estate transactions involving buying, selling, leasing and financing of properties. However, the increase in these transactions has also led to an enhanced understanding of the risks involved while undertaking such arrangements. It is at this stage of identifying and minimizing the risks that ...