LONDON– Finance Minister Arun Jaitley has expressed support for enabling foreign lawyers to establish a presence in India.
He said this in course of the 8th UK-India Economic and Financial Dialogue which he held with his counterpart George Osborne.
Britain has been seeking access to the Indian market to offer legal services for several years.
Jaitley’s support was for foreign lawyers to “provide legal advice on non-Indian law”.
Such advice is to be rendered as per regulations to be framed, which are likely to include employing or entering into partnerships with Indian lawyers.
The implementation in the matter is subject to a memorandum of understanding being signed between the Law Society of England and Wales, the Bar Council of England and Wales and the Bar Council of India.