14-year epic battle draws to a close as Bombay High court rules against liaison offices for foreign firms
Fourteen years ago, Lawyers Collective filed a petition in the Bombay High Court against the opening of liaison offices by foreign law firms in India. Ashurst, Chadbourne & Parke and White & Case opened liaison offices in India after obtaining permission from the RBI under Section 29 of the FERA Act dealing with the establishment of a branch office or other place of business by foreign companies or persons.
14-year epic battle draws to a close as Bombay High court rules against liaison offices for foreign firms barandbench.com Fri, Dec 18, 2009