Business

SC prohibits foreign law firms

it was only in last January that the ministry of commerce and industry on January 3 amended a rule allowing foreign law firms to set up offices and advise clients

In a major decision, the Supreme Court (SC) ruled not to allow entry of foreign law firms in India to practice law in court.

The ruling is being seen as in sync with that of Bombay and Madras high court judgments on the matter but slight modifications have been made.

It need be recalled that the it was only in last January that the ministry of commerce and industry on January 3 amended a rule allowing foreign law firms to set up offices and advise clients from Indian Special Economic Zones (SEZs).

Prior to that, India did not permit multinational law firms to operate in the country.

Even the Indian law firms were also not allowed to operate from any of the SEZs.

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