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A division bench of the HC directed the BCI to file its response to the plea and agreed to list it in April 2024 for a hearing.
Christopher Hayward noted that while Indian and English firms have been working together informally for the last two decades, liberalising the legal sector will formalise the arrangement and ensure there is a beneficial exchange of knowledge on various fields.
Zaiwalla, who made this statement in the context of the cost of arbitrations increasing with every hearing, noted that judges in England would get offended if a lawyer repeated a point.
Zaiwalla was speaking of integrity and honesty as being key to improving the standards of arbitration in India
Zaiwalla said this in the context of changes expected in the Indian legal market once foreign law firms enter India
The Indian law fraternity will benefit by gaining access to best international practices and at the same time, will not be largely affected as foreign lawyers are barred from practising in Indian courts, they say
Reversing a decades-long stance, the Bar Council of India this week permitted firms from certain countries to register in India, open offices and advise local clients on international law in non-litigious matters.