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Abhijit Joshi, managing partner at Veritas Legal said a scheme, once approved by all the authorities, should typically proceed subject to the conditionalities as per the scheme. "Typically, there is a lag between the approval from the court or tribunal and the effectiveness of the scheme. The scope of withdrawal will be limited and will depend on conditionalities to its effectiveness under the provisions of the scheme," he said.
According to a survey of general counsel in the UK and the U.S. conducted by content marketing platform Passle, almost half of GCs (48 percent) said they would ditch firms that do not keep them informed of relevant legal developments, with 61 percent of GCs preferring to work with law firms that proactively update them as the legal landscape changes. Law firms, therefore, need to make keeping GCs updated a priority.
JUL AUG 2023 In this edition, we delve into a theme that lies at the very heart of the legal profession: the symbiotic relationship between lawyers and client
Arijit Sarkar, Director, Trifecta Capital said the renewed focus on profitability over growth has made debt an ideal source of capital for many start-ups