find the latest legal job
Part Time Risk & Compliance Officer
Category: Other | Location: Brisbane QLD 4000
· Brisbane City · Flexible Part Time Hours
View details
Infrastructure Lawyer/SA
Category: Construction Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Global elite law firm · Dedicated Infrastructure team
View details
Property Lawyer
Category: Property Law | Location: All Melbourne VIC
· 12 Month Contract · Diverse Work
View details
Family Lawyer
Category: Family Law | Location: Eastern Suburbs Melbourne VIC
· Boutique Firm · Great Reputation
View details
Infrastructure Lawyers
Category: Construction Law | Location: All Perth WA
· We'd be particularly interested to hear from you if you were a lawyer who knows your way around the infrastructure and energy sectors.
View details
Enforcement laws heighten the stakes in India

Enforcement laws heighten the stakes in India

Organisations doing business in India are up for some significant changes this week, after India's competition enforcement laws came into effect. The new laws are likely to present some…

Organisations doing business in India are up for some significant changes this week, after India's competition enforcement laws came into effect.

The new laws are likely to present some significant changes for companies doing business in India, given that the country has not previously had effective enforcement around competition law.

Linklaters reports that the Competition Commission of India (CCI) will initially focus its efforts on restrictive agreements, especially cartels, as well as abuses of dominant positions. Merger regulation will follow at a later date.

The CCI will hold some significant powers, including the ability to impost hefty fines - not just on firms, but individuals also.

Jonas Koponen, competition and antitrust partner at Linklaters, said the changes will present challenges for both Indian and overseas businesses.

"The CCI has signalled it has the ambition to introduce an enforcement policy that is completely new to India," said Koponen.

"In such situations, the stakes can quickly become high - as we have seen, for instance, in China."

Sandeep Katwala, head of Linklater's India Group, said the firm hopes the CCI won't rush to regulate mergers and acquisitions, and instead will ensure that time is taken to establish the future rules.

"A new system that is unpredictable, burdensome and slow would hamper the growth of India's economy," he said.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Enforcement laws heighten the stakes in India
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Nov 17 2017
It's time for politicians to commit to eradicating domestic violence
The national shame of domestic violence cannot be left unaddressed, writes Christine Smyth. ...
Nov 16 2017
From lawyer in law firm to senior governance professional
Promoted by Governance Institute of Australia As a law graduate, Kate Griffiths never imagined...
marriage equality
Nov 16 2017
Legislation the next hurdle for marriage equality
Lawyers have underscored the importance of ensuring same-sex marriage legislation does not limit ant...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...