Significant steps

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222
Business Law Journal, letter to the editor
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Dear Sir,

In 2008, India is likely to witness the opening the legal market to foreign lawyers, the opening up of the retail sector, particularly sports and electronics, a new Companies Law that would simplify procedures with more emphasis on disclosure and less on enforcement, and the full implementation of the Competition Act. The enactment of the Limited Liability Partnership Bill, and a Valuation Professionals Bill that would determine who is entitled to value business and assets are also expected.

From here on, India could be regarded as a developed nation with a mature economy and an equally mature democracy and rule of law. India’s position as a global player is finally entrenched.

Bijesh Thakker
Partner
Thakker & Thakker

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