Global development is not a very easy concept and it is very easy to ensure high-end services. People from every profession has the power to create a social movement which will help people in attaining prosperity in public, private, academic, philanthropic and social aspects. Deep knowledge of legal affairs and legal reasoning are some very important skillsets to help society get rid of poverty and promote global development. The lawyers, especially the corporate lawyers can play a very important role in the development of the country. The corporate lawyers in India have always contributed in a positive way in the progression of our country from a developing nation to the world leader, it is today.
Let us have a deep understanding of the roles the lawyers can play in attaining global development:
- Many lawyers help in global development by helping with new laws and bringing amendments in the already existing laws. Lawyers are the people who try to uphold law every time.
- An exhaustive legal knowledge is necessary for attaining all-round development. The reasoning skills of the lawyers help the NGOs and the not for profit organizations to succeed in the marketplace.
- The corporate lawyers help the organizations dealing with social priorities, in dealing with complex challenges framed by the marketplace. The corporate lawyers are also of great help in helping them to overcome issues like protection of refugees or defending the prisoners.
- The in-house corporate lawyers also help in settling some routine tasks like dealing with office-space rent issues or revision of various legal contracts.
- The world is threatened with a huge number of social issues. There are many companies and organizations, who are working relentlessly to fight with these issues and make the world a better place to live in. The corporate lawyers for them help them in dealing with these problems in a methodical and legalized manner. Some of the burning issues are climate change, public health, education, business policies, refugee concerns LGBTQ rights, animal welfare etc. These issues should be handled very carefully and within the purview of the law. Thus, the help of lawyers is of utmost significance.
What is international development law?
There is a special field of law and development which helps to examine the role of the legal institutions, the legal systems and law in social, economic and political development. This is known as international development law. Law, especially corporate law, has become an increasingly important aspect of the debates and the issues surrounding international development.
When we consider global development, international development law is of great value. The international development law helps in coping up with a great number of practical challenges. Some of them are land reform, poverty and its eradication, management of post-conflict situations, environment sustainability, human rights, gender issues etc. The international legal rules help the organizations to operate amidst these situations.
The developing countries are more in need of corporate laws. They have to look after concerns like development cooperation, pro-poor and inclusive growth, better access to trade for small scale organizations, protection for the environment etc. International making of law is one of the primary responsibilities of corporate lawyers.
India and corporate law
The corporate lawyers in India, have helped the lawmakers of the country in practising and analysing law for better understanding of relationships between countries, in the form of exchanges between various organizations. These laws are necessary for understanding the social and cultural factors which help in the promotion of international relations. The role of the state is also equally important in maintaining various kinds of relationships between governments of different countries. The state is not only a legal institution itself but has various legal commitments to be steady in its governance. Let us have a quick look into the ways corporate law has helped India’s growth:
- They are the main advisors for our society: The corporate lawyers represent the corporations in various kinds of civil trials and also promotes justice in them. The attorneys work as the main advisors to their clients, also making them aware of their rights and the processes, which help them to sail smoothly through the tricky proceedings of law.
- The lawyers work in holding the organizations, the corporations and sometimes the government responsible: Often it so happens, that the organization or the corporation attempts to take advantage of common people. The lawyers can also help them by protecting their rights.
Corporate law firms
The role of corporate commercial law firms in India can never be denied. Some of the areas where they are helpful are:
- Drafting, negotiating and vetting various agreements and standard procedure documents for various kinds of industries.
- With the help of the multi-disciplinary areas of expertise, corporate law firms can help in dealing with any kind of potential dispute between the industries. They are also responsible for changing the policies in the sector.
- They also draft the agreements for various Public Sector Undertakings and other industries like joint venture agreements, share purchase agreements, business transfer agreements, subcontractor agreements, outsourcing agreements, leasing agreements and a lot more.
We have to keep a very important thing in mind. Law and business are not at all mutually exclusive and neither of them can exist individually. It is always important to integrate law and legal aspects with the development and growth of any kind of corporation. This is true for the dynamic and developing nations, as well as, the superpowers. No one can operate beyond the prospects of law and have to function within the permissible walls of legal aspects.
A constant relation between the legal fraternities and the corporations helps in the discussion of the challenges and the issues that they face and lead to better solutions. The economic fulcrum is constantly shifting towards the developing countries, like India. The constant help from the legal professionals will help in the industries to accelerate growth and to carry out their operations without any legal hassles. Legal knowledge is always helpful in initiating the development of various kinds of commercial activities in the growing markets.
Author Bio
Amy Jones is an expert legal advisor working at Ahlawat & Associates,best law firms in India. She is one of the top lawyers in India who loves to help people in all aspects of the practice area.
