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TMI BlogBar Leadership Summit on reforms in Indian Legal Services SectorX X X X Extracts X X X X X X X X Extracts X X X X ..... Bar Leadership Summit on reforms in Indian Legal Services Sector - News and Press Release Dated:- 20-11-2017 - News - The Indian National Bar Association (INBA) in collaboration with the Department of Commerce, Ministry of Commerce and Industry, and the Centre for Trade and Investment Law (CTIL), Indian Institute of Foreign Trade organized the Bar Leadership Summit on Reforms in the Indian Lega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Sector in New Delhi recently. The Minister of State for Human Resource Development (Higher Education), Shri Satya Pal Singh graced the occasion, senior officials from the Government of India and several leading lawyers and professionals from the legal sector were also present. The Summit explored issues and concerns surrounding the liberalization of the Indian legal services sector. The M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inister for Commerce and Industry, Shri Suresh Prabhu who addressed the Summit through a video message emphasized on the growing importance of Alternative Dispute Resolution (ADR) and encouraged the legal community to increasingly make use of this mechanism for enhancing the ease of doing business. Shri Satya Pal Singh in his inaugural address, stressed on the importance of law as an enabler of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... justice and spoke on the importance of the impartiality and neutrality of the judicial system in India. He noted that the justice system should focus on the difficulties faced by victims in particular. The Secretary General of INBA, Shri Kaviraj Singh who introduced the theme of the Summit, highlighted the dramatic changes that have taken place within the legal sector in India in the last two ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... decades and identified the three major areas which the Summit should focus on, (i) the conduct of arbitration in India; (ii) reforms in the Indian legal regulatory sector; and (iii) the liberalization of Indian legal services. The President of INBA, Dr. Subhash C. Kashyap welcoming the gathering, highlighted the importance of initiating discussions on much needed reforms in the legal sector. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Law Secretary, Ministry of Law and Justice, Shri Suresh Chandra said India has huge potential to increase the size of the legal market, which is around $9bn Dollars at present. He suggested that reforms in this sector could tie in with the Prime Minister s agenda of reform, transform and perform . Additional Economic Adviser, Department of Commerce, Ms. Sangeeta Saxena, highlighted the need f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or diversification of services exports and the particular importance of the legal services sector in boosting India s overall performance in services. President of the Supreme Court Bar Association (SCBA), Shri R. S. Suri, noted that the gulf of understanding between the Bar Council of India, State Bar Councils and the government need to be bridged and that frequent consultations and delibera ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions are needed in reforming this important sector. Head, Centre for Trade and Investment Law, Prof. James Nedumpara, spoke about the need to introduce major challenges in the curriculum in law schools in India to enable young Indian lawyers to become global Indian lawyers and avail opportunities in the rising global corporate sector. The discussions ended with a presentation on the myths ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and realities surrounding the debate on liberalization of legal services. The Summit on the whole agreed on the need to reform the legal sector to align itself with the new global realities in the profession. The agenda of the conference and the background paper are available at Agenda: http://ctil.iift.ac.in/docs/LatestUpdates/INBA_agenda.pdf Background Paper: http://ctil.iift.ac.in/d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ocs/LatestUpdates/INBA_11112017.pdf Twitter https://twitter.com/ctil_india - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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