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  • Labour laws continue to lag behind business developments say lawyers, resulting in uncertainty and ambiguity in the application of certain laws in the country. For example, the definition of ‘workman’, and issues surrounding this discussion, has revealed that clarification is needed so as to protect the segments of workers intended by the laws.
  • Law firms
  • Just another patent battle or larger war for management control
  • Environmental compliance needed in the more industrialised States The introduction of the National Green Tribunal Act in 2010 marked a new stage of development for environmental law in India. Widely recognised by practitioners and market observers as a positive step in this growing area of practice and regulation, the National Green Tribunal (NGT) began functioning in July this year.
  • In the public interest Public interest litigation (PIL) in India has been making headlines over the past few months, with critical court cases such as the 2G spectrum scandal and the recovery of black money. Their profile was guaranteed once they made their way through to the highest levels of the judiciary. With the spotlight on them, however, there have been murmurings of discontent, with some cases being labelled frivolous and general concern over courts’ willingness to hear PIL.
  • Godrej Group group counsel Rajiv Bakshi defends the role of the arbitrator, but is less inclined to defend the government when it comes to public interest litigation
  • Competition work is increasing for law firms in India. With the merger control regulations notified and effective from June 2011, the importance of this area of practice is increasing in the country.
  • The future of Indian Depository Receipts (IDRs) as a viable instrument for investors was shaken this year when the Securities and Exchange Board of India (Sebi) decided on the conditions under which IDRs could be redeemed. Practitioners have since offered mixed thoughts on the future of this instrument, with many market observers expressing concern over the vitality of the IDR market in India
  • The banking and finance sector has been witness to escalating levels of sophistication over the last few years. Much of the recent innovation has been found on acquisition financing, with several marquee M&A transactions requiring unique financing structures.
  • Infrastructure development is expected to be a driver for the continued growth of the Indian economy. While most of the issues in this area have been focused on obtaining funds for development, work has been continuing on all fronts. And with ambitious projects such as the Ultra Mega Power Plants planned by the government, energy production remains an important source of work for the top law firms.