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The Indian legal market continues to feel the impact of dynamic changes across all practice areas, and the banking, corporate, projects and infrastructure sectors have all seen significant activity in terms of deals and government initiatives over the last year.

The newly introduced Insolvency and Bankruptcy Code (2016) was a key talking point among lawyers in the banking and restructuring sphere; the Code sought to consolidate existing legal frameworks by producing a single law for companies facing insolvency, a move made as part of a continued push towards the streamlining and consolidation of India’s legal structure. Prime Minister Modi’s push towards demonetisation and the move towards a cashless economy has also made a great impact, most notably in the foreign investment and taxation arena. The government’s goods and services tax (GST), which came into force in July 2017, continued the consolidation trend and replaced several central and state taxes with a single unified tax, a move which has been widely welcomed by the business economy.

FIRMS IN THE SPOTLIGHT

Singhania & Co

Singhania & Co was established in 1969 by Mr DC Singhania, a veteran of the Indian legal industry with vast experience of over four decades in commercial laws, arbitration (both national and international) and litigation. Since then, the firm is recognised as one of the oldest and consistently practicing law firms in India.

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FIRMS IN THE SPOTLIGHT

BRUS CHAMBERS, Advocates & Solicitors

Brus Chambers is a specialised Indian law firm with an international perspective and historical strength in the shipping and projects (infrastructure and construction, oil and gas) work. The firm has unrivalled expertise in corporate, arbitration and litigation, P&I and marine insurance, banking and finance, real estate. Across each of these sectors, the firm offers a fully comprehensive service. Sector focus has been pivotal to Brus Chambers’ success, borne out of the fact that it is a market leader in the sectors in which it is active.

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FIRMS IN THE SPOTLIGHT

Dave & Girish & Co

Dave & Girish & Co was founded in the year 1978 by the late Mohanlal Dave who specialized in banking and securities documentation. Late Mohanlal Dave was also awarded a citation by the Government of India for translating the Constitution of India from English to Sanskrit. Dave & Girsih & Co., is a law firm practicing in the areas of International Finance and Corporate law with offices in Bangalore, Mumbai and Delhi. Having celebrated our silver jubilee Dave & Girish & Co., is a relatively midsized law firm. The firm has historically pioneered many innovative transactions.

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Advice on infrastructure projects has been in high demand on the projects and energy side, with the renewable energy, railway and transport sectors particularly buoyant. Cross-border projects and joint ventures have also seen an uptick, with many firms handling matters spanning Nepal, Bangladesh, Dubai and Sri Lanka.

Dispute resolution activity remains prevalent across the board, both on the litigation and alternative dispute resolution sides. Arbitration is becoming an increasingly popular route for companies and individuals alike, the recent reforms to the Arbitration Act and the confidentiality of the process being major advantages.

Key players in the legal market include Shardul Amarchand Mangaldas & Co, which is well regarded for its dispute resolution practice, and Cyril Amarchand Mangaldas, which is a key firm on the banking and commercial side. Other names of note include Luthra & Luthra Law Offices, Kochhar & Co., Trilegal and Khaitan & Co..

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