
The privatization of business in India has led to the emergence of a new business and corporate culture and environment. The sectors such as telecom, power, aviation, banking, insurance etc., to name only a few are within the business domain of the private sector. The privatization of business has ensured the inflow of Foreign Direct Investment (FDI) besides domestic funding which in turn has given rise to innumerous Join Ventures and constitution of corporate entities described as Special Purpose Vehicles (SPVs).
The commercial and contractual relationships created in pursuance to the opening up of the economy and the resultant privatization of business has increased the scope of the role of Law Firms as complex contracts and transaction documents are required to be negotiated and drafted. Invariably under the new economic and business environment, the emphasis is on the alternative dispute Redressal mechanism such as Arbitrations as the stakes are very high and the contracting parties are keen for a quick and expeditious resolution of disputes.
The arbitration laws leave enough freedom with the contracting parties regarding various vital issues such as the choice of law both substantive law and procedural law, the seat and venue of arbitration, the institute and the rules that would govern the arbitration proceedings and like matters.
The firm in its endeavour to provide comprehensive legal support to its clients handles litigation and renders legal consultation broadly in the following areas: -
