Lex Witness, a magazine on Legal and Corporate Affairs today organized The Real Estate & Construction Legal Summit (RCLS) 2012
in New Delhi, 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.
Minister of Law & Justice, 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.
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, 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.
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.
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