IndiaLaw LLP

India has finally brought in an effective Mechanism for initiating insolvency proceedings against the Financially defaulting Companies by way of The Insolvency and Bankruptcy Code, 2016. The IBC offers a standardized, comprehensive financial condition legislation encompassing all corporations, partnerships and Sole Proprietorship. The Code provides that where a corporate debtor has defaulted in paying a debt that has become due and payable but not repaid, the corporate insolvency resolution process may be initiated in the manner as provided in this Chapter in respect of such corporate debtor by a financial creditor, an operational creditor or the corporate debtor itself. Naturally, the processes are complicated and the stakes are high. This increases the necessity of expertise being sought from firms or individuals with requisite experience to handle such cases and do what is best for their clients. Not everybody can advice and resolve matters involving multiple stakeholders with...

The news was recently abuzz with Hyderabad being recognised as one of the top 10 fastest growing cities in the world between 2019-2035. It was also cited as one of the strongest performers, according to a global economic research report. Hyderabad also recently replaced Mumbai to join the top three cities when it comes to attracting talent. Club this with the fact that the legal industry was in fact featured among the top five fastest-growing industries in the second half of 2018. No wonder that quite a few law firms are eyeing the city for establishing their offices. However, any such ambition will have to be clubbed with a new approach to the city. This is especially in view of the fact that several tier-1 law firms have in the past tried to exploit the city’s market but have failed, leading to shutting of their offices. In contrast, the city has also witnessed thriving practices, with firms opening not one but two offices in Hyderabad. What are the second category of firms doing ...

Gujarat’s pro-business model of governance has often been appreciated and even attempted to be replicated throughout the country. The evolution of Gujarat as a vibrant economy has its genesis in the growth of the industrial sector in the state. Owing to this, the state's economy has sustained a growth momentum of double digit per year.  However, within Gujarat, it is Ahmedabad which is often credited with being the unstoppable growth engine and the economic powerhouse of the state. The city has in fact been recognised for its growth and proactiveness numerous times by institutes all across the world. For instance, it ranks second in the top 20 global cities, which are seeing rapid growth in venture capital deals. In such a scenario, it’s a wonder then that law firms have not begun establishing their presence with any prominence in the city. Those law firms which have recognized its potential still only have their back offices in Ahmedabad, rendering th...

Law firms are always on the lookout for emerging cities and markets in the country to set shop. Any good law firm has an expansion plan in place, in order to make its presence felt in not just the two major hubs—Delhi and Mumbai—but also other cities, in order to expand their customer base, and therefore, increase their revenue. Being early entrants to a new market also increases a firm’s chances of establishing a stronger practice than entrants who enter later. The latest in the list of new, emerging markets being eyed by law firms across the country, is Chennai.  It is Chennai’s business culture that is being recognized as the primary booster for law firms to establish branches in the city. Therefore, succession planning, family disputes and mergers and acquisitions showcase ample scope for law firms in the region. Further, much like Mumbai, the city also houses a vibrant film industry. Popularly known as the “Detroit of Asia”, Tamil Nadu is also a manuf...

The youth of the country has been bit by the startup bug, owing to the various success stories sprouting from various parts of India. The country is being viewed as a hotspot for business to dive in. According to the International Monetary Fund (IMF), India will be the fastest growing major economy in 2018, with a growth rate of 7.4% that rises to 7.8% in 2019 with medium-term prospects remaining positive. However, starting up is a lot more than the glitzy image formed by these success stories. The ever-evolving regulations governing the entire ecosystem can pose several barriers for new business owners. Besides, it has often been advised to view India not as a single market, but as a series of interconnected regional markets, where the regulatory and investment environment may change from one state to another.  Hence, while improvements are being introduced to digitalize processes and procedures, understanding the complexities of the same mi...

Nicknamed the “Silicon Valley of India”, Bengaluru is popular as the startup hub of India. The city’s growth has also been phenomenal, with India’s  Business Reform Action Plan, 2017  – a joint initiative between the World Bank and the  Department of Industrial Policy and Promotion  (DIPP) – naming Karnataka the 6th best Indian state in terms of ease of doing business. This is primarily because Karnataka has  established  a single window system for project approvals and has digitized the registration process with most ministries.  These startups require legal guidance at every step of the process, from incorporation to deciding on the shareholding, and raising capital, to ensuring compliance with the laws. Quite naturally, this also means that startups and law firms need to work in close liaison in order to ensure that these startups are always on the right side of law. It is this liaison that is encouraging law firms to open their offices in Beng...

We are proud to announce that we have been rated 18 th among the top 40 Indian law blogs across the country. Please check the same in the link https://blog.feedspot.com/indian_law_blogs/