Mumbai Court Bars Foreign Law Firms From India

Law360, New York (December 17, 2009, 4:46 PM EST) -- A high court in Mumbai has ruled that India's central bank may not license foreign law firms whose members do not belong to the nation's bar councils, even if they act in an advisory capacity only — a blow to New York-based law firms White & Case LLP and Chadbourne & Parke LLP, as well as London-based Ashurst LLP.

The High Court of Judicature at Bombay ruled Wednesday that petitions the Reserve Bank of India issued to White & Case, Chadbourne & Parke and Ashurst were...
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