Press release from Business Wire India
Source: LexWitness
Friday, May 25, 2012 05:20 PM IST (11:50 AM GMT)
Editors: General: Consumer interest, Economy, Law & justice, People; Business: Advertising, PR & marketing, Business services, Construction, Law firms, Major diversified industrial groups, Real estate
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Lex Witness Presents First of its Kind Real Estate & Construction Legal Summit 2012
Summit convened the adept of legal and real estate industry in New Delhi
New Delhi, Delhi, India, Friday, May 25, 2012 -- (Business Wire India) -- Lex Witness - India's 1st Magazine on Legal and Corporate Affairs today organized The Real Estate & Construction Legal Summit (RCLS) 2012 creating a platform for the stakeholders of real estate, infrastructure and construction industry to share their thoughts and analyze new insights on how to manage the vitalities in the legal facets of their businesses. The full day conference saw over twenty expert speakers consisting of various In House Corporate Counsel from real estate infrastructure and construction companies, law firm partners coming face to face with legal representatives from Government bodies and senior government officials for an interactive and a thought provoking discussion.
In a message sent for the initiative;
Hon'ble Minister of Law & Justice, Mr. Salman Kurshid shared that with the insurgence of large scale countrywide infrastructure developments in all sectors, it is becoming increasing critical to have in place a robust legal framework in place to minimize the impact of disputes and risks. He further conveyed his greetings to the team of Lex Witness in choosing this very apt topic and shared best wishes for the success of the Summit.
Some of the key areas of debate focused on the analysis of the current and future legal and compliance challenges facing Construction, Real Estate & Infrastructure Industry; land acquisition strategies, case studies, Rehabilitation & Resettlement Bill, Litigations communications strategies, justifying dispute risk through effective contract management and strategies for managing and resolving disputes in the industry.
Supporting the cause of the conference the Chairman of the Competition Commission of India,
Mr. Ashok Chawla agreed that it is very vital to understand the nuances of various legal compliances so as to prevent the future national projects from the clutches of legal challenges.
Speaking during the discussion at the Summit Lalit Bhasin, President, Society of Indian Law Firms said, "Need of the hour is introduction of new measures to resolve disputes in a fair, speedy and cost-efficient manner in construction sector. Though courts in India are now by pronouncing landmark judgments safeguarding rights of land owners and focusing their attention on the concept of social and economic justice. However to ensure equitable wealth generation, the government has to further ensure a level playing field in terms of regulations and use of government power."
The expert speakers panel included Ranjeev Dubey - Managing Partner, N South Advocates, B. Sai Chandravadhan - Managing Director, Sand Legal, Amitabh Chaturvedi - Managing Partner, Mine & Young - Advocates & Legal Consultants Ajay Bakaya, Executive Director - Sarovar Hotels & Resorts Pvt. Ltd, Badrinath Durvasula, Vice President & Head Legal - Larsen & Toubro, Hemant Kumar, President Legal - Reliance Anil Dhirubhai Ambani Group, Dr. Sanjeev Gemawat, VP-Legal, DLF Rentco Group, Sumant Naik, Chief Legal Officer - Airport Sector, GMR, Rajinder Sharma, Director Corporate Affairs & General Counsel-South Asia at E.I. DuPont India Pvt. Ltd, Harish Sehgal, ED Law - Dalmia Cements amongst many more.
Commenting on the communication aspect, Shyam Grover, Group Editor & CEO, Lex Witness said, "In the current business environment where it is no longer business as usual, a media actively hunting for stories, viral news spread through social media, cases of legal complications or sticky land acquisition can get un-precedent publicity affecting organizational as well as sectoral investment climate. I am proud to say that RCLS gave opportunity to all the industry nobles to ponder over the critical issues affecting the larger wing of the industry."
Concluding on the importance of the summit, PBA Srinivasan, Editor-in-Chief, Lex Witness said, "Disputes in construction industry are believed to have locked up a significant amount of investment capital. These disputes along with legal complications, inconsistent & ambiguous contracts not only affect the cash flow of the organization but also tarnish its reputation. RCLS is our initiative to bring clarity in the legal and real estate world for management of the critical issue."
Sponsors & Partners
The RCLS 2012 initiative was sponsored by Sand Legal and N South Advocates as Gold Partners, Mine & Young - Advocates & Legal Consultants as Knowledge Partner and ICCA & SILF as Supporting Partners. The Media Partners to the summit included India Law Journal, Think Legal, Tender Tiger, Tender Info, Lawyers Club India and National Bar Association of India.
For the Editors
Ever since its inception in 2009, as a monthly Lex Witness today stands at a readership of over 2 Lacs and a mighty subscriber base of over 10,000 subscribers pan India. Beyond the seas, US & UK markets have been the primary audiences for Lex Witness. It looks forward to further its international presence in times to come. Addressing the Indian Legal Universe which is close to 5 million individuals, one of the highest in the world, Lex Witness aims to create a benchmark in the legal media domain as an adult to adult magazine.
Lex Witness vows to be a high quality monthly magazine with the powers of fresh and original content that would deal exclusively with subjects pertaining to legality. Country's top notch practitioners and experts are contributing, with what we feel is relevant to all stakeholders in this profession, aiming at brainstorming between the legal luminaries and hence bettering this practice in all its aspects.
Lex Witness looks forward to an aggressive line up of events scaling right from a workshop to summits and conferences. Legal Knowledge Management & Real Estate, Construction & Infrastructure have been the primary event verticals as of now.
www.witnesslive.in | For more details on the Summit visit www.rcls2012.in
To view the photograph, please click on the link below:
Lex Witness Real Estate & Construction Legal Summit 2012 held at New Delhi, 25th May 2012
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CONTACT DETAILS
Rashi Jain Agarwal, Positive Interactive Pvt Ltd., +91 9582555416, rashi@positiveindia.biz
Anushka Bakshi, Positive Interactive Pvt Ltd., +91 9582555408, anushka@positiveindia.biz
KEYWORDS
CONSUMER, ECONOMY, LAW, PEOPLE, MARKETING, BUSINESS SERVICES, CONSTRUCTION, LAW FIRMS, GROUPS, REAL ESTATE
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