Archive for November 2009
Bernard Shepherd's December Birmingham Post Column
Monday, 23rd November 2009From a legal perspective, up until recently, India has remained a closed shop. Overseas firms cannot currently set up partnerships on Indian soil. Greater co-operation is being encouraged, however, through so-called “best friend” or exclusive relationships, allowing overseas firms to set up closer ties with Indian counterparts. London’s magic circle firms and a handful of national firms are already establishing a foothold there via this route.
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