Many companies who take loans are unable to repay it and have to either face the lender’s recovery cycles or be stuck in the ever-burdened system of litigation. This is where mediation can come as a big relief for these debtors
The entry of the law firms from abroad could hit Indian lawyers and affect their income. Should there be an ombudsman to check their credentials and accounts and are Indian law firms needlessly worried?
According to the new concept, financiers pay legal fees and other costs of commercial lawsuits, arbitration or shareholder disputes, and in return, get a share of the award from a settlement or a win.
The lockdown has left many junior lawyers in the lurch and they’re unable to fend for their families. It is time bar associations and senior lawyers helped them tide over this crisis