International legal advisers take centre stage as India Business Law Journal reveals the best foreign law firms for India-related work
“Policy paralysis” has been the mantra defining India’s economic and political trajectory over the past 12 months. A general climate of uncertainty compounded by frustration and disappointment over the staggering fall in India’s economic growth has tempered deal making.
Corruption, retrospective taxation, regulatory roadblocks and compliance continue to plague existing and potential foreign investors, however, many appear hopeful that India’s new government under the Bharatiya Janata Party will reinvigorate the country’s economic, commercial and legal landscape and iron out some of these issues.
Indian companies exploring growth opportunities around the world have faced similar hurdles. Many are relying on their international legal advisers for anti-corruption, compliance and liability advice in the UK, the US, the EU and beyond.