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The Committee of Recruitment Affairs at Gujarat National Law University (GNLU), Gandhinagar recently hosted ‘Emerging Now’ a conference on reforms in Commercial Laws.
The event was attended by lawyers from Khaitan & Co, Trilegal, J. Sagar Associates, HSA Advocates, Economic Laws Practice, Nishith Desai Associates and Lakshmikumaran & Sridharan. The conference focused on four major sectors, namely, reforms in Alternative Dispute Resolution (ADR), Insolvency and Bankruptcy Reforms, Taxation and FDI Reforms and Commercial Litigation.
Vyapak Desai, Partner at Nishith Desai Associates, discussed the basics of arbitration and arbitrability, which was followed by a discussion on interim relief before and after amendments to the Arbitration and Conciliation Act, 1996 by Ganesh Chandru, Partner at Lakshmikumaran & Sridharan.
Arbitral awards prior and post the 1996 Amendment to the Arbitration Act was discussed by Raj Panchmatia, Partner at Khaitan & Co and Faraz Sagar, Partner at Trilegal discussed about the delay and huge costs involved in arbitral proceedings. Abeezar Faizullabhoy, Partner at HSA Advocates concluded the first session by bringing forth the discussion on India’s Model Bilateral Investment Treaty.
Deep Roy, Associate Partner at Economic Laws Practice and Rajeev Vidhani, Principal Associate at Khaitan & Co, spoke in the session dealing with Insolvency and Bankruptcy. The third session that focused on Taxation & FDI Reforms was opened by Rajesh Simhan from Nishith Desai Associates. Tushar Hemani, President of Income Tax Appellate Tribunal Bar Association, Ahmedabad also spoke during this session.
The last session on Commercial Litigation included panelists like Dheeraj Nair, Partner at JSA and Naveen Pahwa, advocate at the Gujarat High Court.
GNLU Director Dr. Bimal Patel emphasized that the idea behind the conclave was to bridge the gap between the governors and the governed.