- India has loosened restrictions on foreign lawyers to advise foreign firms in India on matters of international law, allowing them to stay for 60 days or permanently if they register with the authorities.
- Foreign lawyers are still prohibited from appearing before any tribunal, regulatory authority, or forum with “trappings of a court” except in cases of international commercial arbitration.
- The reform aims to boost foreign businesses' confidence in the Indian legal system and economy.
- The legal profession in India was considered sensitive, and foreign lawyers were barred from practising law in the country until the Foreign Exchange Regulation Act of 1973 created an exemption.
- Foreign lawyers had to establish 'best friend' relationships with local law firms to advise clients in India before the reform.
India loosens restrictions on foreign lawyers
For real this time? | Business
/cloudfront-us-east-2.images.arcpublishing.com/reuters/RCWZE2OK3BNCJNRVFOS74NYF7M.jpg)
