Texas to host meet on Indo-US trade laws

April 6th, 2008 - 7:46 pm ICT by admin  

New Delhi, April 6 (IANS) Top legal brains of India and the US, specialising in business and corporate laws, will discuss a host of crucial statutory issues related to trade and business between the two countries at a two-day meet beginning Monday in Texas. The conference is jointly organised by the Indo-American Chambers of Commerce (IACC), the Centre for American and International Laws and the American Bar Association Section of Business Law at Plano, Texas, with representatives from various associations of business houses in the two countries participating in it.

The two-day meet will have a semblance of Indian government’s participation too with Joint Secretary Anil Mukim of the ministry of commerce and Minister (Commerce) Banashri Bose Harrison of Indian embassy in Washington attending the event.

The meet aims at removing the legal bottlenecks affecting smooth and equitable trade and commerce between the two countries.

The first high-profile delegation of the country’s top law firms for the Texas legal meet is to be headed by IACC’s Legal Affairs Committee chairman Lalit Bhasin, who also happens to be the president of the Society of Indian law Firms and honorary general secretary of the Bar Association of India.

The delegation includes IACC’s national president Farokh T. Balsara, expert corporate lawyer and senior advocate U.K. Chaudhary, Legasis Service Pvt Ltd director Suhash Tuljapurkar and several other lawyers representing various law firms of the country. The delegation left Sunday.

Various legal issues related to trade and commerce between the two countries include topics relating to foreign direct investments, special economic zones, mergers and acquisitions, good corporate governance and intellectual property rights dispute resolution.

Extending his best wishes for the success of the conference, External Affairs Minister Pranab Mukherjee, in a message to the Indian delegates, said: “I am confident that fruitful discussions will further strengthen Indo-US business relations.”

“With increasing litigation of world economies and rising cross-border investments, the conference is being held at a very opportune time. Legal luminaries and business leaders from both India and the US will come together to discuss important legal issues,” said Commerce Minister Kamal Nath in his message to the delegates.

“I am confident this will convince the US businessman about India’s strong and effective legal system and the abundant opportunity for Indo-US business,” he added.

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