New Delhi, Nov 5 (IANS) The Indian National Bar Association (INBA) is going to organise, on November 11, a "Bar Leadership Summit" on reforms in the country's legal sector, a statement said on Sunday.
"India can become a hub for international arbitration and mediation services by ensuring meaningful domestic participation of foreign arbitrators in international commercial arbitration. It has been recognized that in order to achieve this objective, 'institutional arbitration' needs to be developed," said the statement.
The INBA said that institutional arbitration can facilitate an improved business climate for domestic and international commercial transactions, and can contribute significantly to improving ease of doing business in India.
The leadership summit, to be held at Scope convention centre at Lodhi Road, will explore the opportunities and challenges spawned by economic globalization that have dramatically reshaped the traditional sectors of the legal services such as arbitration and litigation.
The event is expected to initiate comprehensive discussions and dialogue aimed at developing a roadmap for legal sector reforms in India to empower itsr legal fraternity to take it to next level.
"The right law and proper enforcement of the same can certainly help India to become largest and vibrant economy," the INBA said.
It added that summit is an opportunity is to seek views on liberalization of the legal services to enable foreign lawyers and foreign law firms to operate in a limited and regulated manner.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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