BWI: Lex Witness presents IT Legal Summit 2013

Press release from Business Wire India
Source: LexWitness
Friday, May 24, 2013 05:31 PM IST (12:01 PM GMT)
Editors: General: Consumer interest, Entertainment, People; Business: Business services, Information technology, Media & entertainment, Publishing & printing; Technology
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Lex Witness presents IT Legal Summit 2013
Industry professionals convenes for a thought provoking discourse on Changing State of Indian Technology and Consequential Emerging Legal Challenges

Bengaluru, Karnataka, India, Friday, May 24, 2013 -- (Business Wire India) -- The city of Bengaluru today witnessed an exclusive IT Legal Summit 2013 for tech solutions & service providers, tech customers and other stakeholders of the Information Technology industry. The summit was conceptualized and hosted by Lex WITNESS - India's 1st Magazine on Legal and Corporate Affairs for the participants to converse and share their knowledge on the prevailing risks affecting their businesses and new opportunities that could be explored.

The full day summit saw over 20 expert speakers including Abhay Bhargav - Chief Technology Officer, We45, Anindya Sircar - AVP and Head of IP Cell, Infosys, B. Sai Chandravadhan - Managing Director, Sand legal Services Private Limited, Bharat Mehta - VP, General Counsel and Ethics & Compliance Officer, Capgemini India, Inderpreet Sawhney - Senior Vice President and General Counsel, Wipro Technologies, Madhav Anchan - Head Legal, Tata Consultancy Services (TCS), Rajeev Nair - Director, Country Counsel - India, Hewlett-Packard India Pvt. Ltd., Rajesh Ramanathan - Partner , TMT Law Practice, Rama Padmanabhan - General Counsel, CISCO Systems India Pvt. Ltd., Tom Heerey - Senior Attorney and Director, Legal and Corporate Affairs, Microsoft India and many more engaging in a debate focused on four vital aspects of their businesses, namely Data Privacy and Protection, Contract Management and Intellectual Property Rights and Licensing Agreements. The summit saw participation of various proficient speakers.

The Indian IT Industry is growing steadily despite the global meltdown in the year 2009. When the whole world witnessed the negative growth, Indian IT industry still managed to register a growth of 5.5%. In the financial year 2013, the industry generated $108 billion revenue, with exports ($76 billion) two times more valuable than the domestic sector ($32 billion). The future looks promising, however the industry landscape is changing each day and as a result a new set of legal challenges are emerging from the new data privacy and protection law, changing business models, social networking, instant messaging and cloud computing.

Speaking on the occasion, PBA Srinivasan, Editor-in-Chief, Lex Witness said, "With the changing state of industry, there is increasing drive towards operational efficiencies and embracing new business models to offer customers a transformed business proposition. However, in order to achieve this aim it is very important to find out some effective resolving strategy to overcome the legal challenges and obligations currently present."

As technology continues to develop fast, laws are bound to become out dated leaving a grey area for interpretation for employers, consumers, legislators and regulators. In addition, the data privacy and protection laws in India, current as well as proposed and for other countries differ. On the other hand, IT contracts are particularly prone to problems as software development or implementation can be difficult to predict and results are not always as an IT supplier or IT customer may have expected. Even the software patents and how they are perceived to impact on innovation is one of the most debated topics after the recent high smart phone "patent war." These patents present significant challenges to app and software developers. Different jurisdictions have different standards to allow ability of software patents, and these standards continue to evolve.

The day long discussion focused on Data Privacy & Protection: Regulations & Organizational Strategy, Legal & Organizational Risk Management, Regulations of different Geographies - A new challenge in compliance, National and Cross Border IT Contracts & Acquisitions, New Paradigm for IT and Technology Contracts, Copyrights and Patents and Licensing Agreements. The esteemed gathering shared their views and opinions on the prevailing global trends influencing domestic industry and available opportunities as well as developing risks.

Summing up on the significance of the Summit, Shyam Grover, Group Editor & CEO, Lex Witness said, "The robust growth rate of the Indian IT sector over past few years can be credited to its expansion into varied verticals, well differentiated service offerings and increasing geographic infiltration. Combined together, these factors have brought our domestic industry on the global map. I am glad that we could bring together so many professionals of Indian IT assemblage under one roof and know the significant developments and challenges of the field from them."

IT Legal Summit 2013 was supported by TMT Law Practice as Gold Partner, Sand Legal Associates as Associate Partner, WE 45 as Bronze Partner, Sunil Thacker Associates and Deepak Sabharwal & Associates as Kit Sponsors, Society of Indian Law Firms, Indian Corporate Counsel Association, Singapore International Arbitration Centre and LCIA India as Fraternity Partners, Lawyers Club India (LCI), India National Bar Association, India Law Journal (ILJ) and Think Legal (TL) as Supporting Partners and Lawyers Club India (LCI) as Online Media Partner.

For the Editors

WITNESS is a high quality monthly magazine with the power of fresh and original content that deals exclusively with subjects on legality. Some of India top-notch practitioners and experts contribute in WITNESS on subjects relevant to all stakeholders in this profession.

WITNESS, ever since its inception in 2009, has become India's most credible platform for the legal luminaries here to opine, comment and share their views. With an interesting blend of opinion pieces, commentary, reportage, analysis, interviews and movements, Lex Witness is a monthly magazine that reaches out to the entire fraternity of General Counsel/ Corporate counsel and lawyers and law firms besides key decision makers, luminaries, experts, policy makers, bureaucracy and the industry captains in India.

www.witnesslive.in | For more details on the Summit visit www.itls2013.com

To view the photograph, please click on the link given below:

L to R : Rajesh S Narang, Vice President - Legal & Company Secretary, Mindtree Limited; Samuel Mani, Former General Counsel, Infosys; Inderpreet Sawhney, Senior Vice President and General Counsel, Wipro Technologies; Madhav Anchan, Head Legal, Tata Consultancy Services; B Sai Chandravadhan, Managing Director, Sand Legal Services Private Limited and Mysore Prasanna, Independent Consultant (Session Chair) at IT Legal Summit 2013 organized by Lex Witness Magazine
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/DSC_0260.JPG
L to R : Rajesh S Narang, Vice President - Legal & Company Secretary, Mindtree Limited; Samuel Mani, Former General Counsel, Infosys; Inderpreet Sawhney, Senior Vice President and General Counsel, Wipro Technologies; Madhav Anchan, Head Legal, Tata Consultancy Services; B Sai Chandravadhan, Managing Director, Sand Legal Services Private Limited and Mysore Prasanna, Independent Consultant (Session Chair) at IT Legal Summit 2013 organized by Lex Witness Magazine


CONTACT DETAILS
Anushka Bakshi, Positive Interactive, +91 9582555408, anushka@positiveindia.biz

KEYWORDS
CONSUMER, ENTERTAINMENT, PEOPLE, BUSINESS SERVICES, IT, MEDIA, PUBLISHING, TECHNOLOGY

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