Local attorney speaks at conference in India

Ann Arbor attorney Ashish S. Joshi delivered a presentation at the international conference hosted by the American Bar Association’s (ABA) Section of International Law and the Society of Indian Law Firms (SILF). The program, India–United States Cross Border Investment 2.0: Counseling in Reform Environments, was hosted in New Delhi, India February 17-19.

SILF is a collective of India’s leading law firms and the only representative body for Indian law firms. The organization was established in 2000 with the aim of protecting, safeguarding and promoting the interests of law firms in India. ABA’s Section of International Law consists of members from over 90 countries and the Section’s goal is “to advance the rule of law in the world” by promoting interest, activity, and research in international and comparative law and related areas.

This was the third bi-annual ABA program held in India and co-sponsored by SILF. A joint collaboration between ABA’s Section of International Law and SILF, the program featured several dignitaries including ABA President Paulette Brown; Hon. H. E. Richard Verma, U.S. Ambassador to India; Fali Nariman, President Emeritus, The Bar Association of India; and Salman Khurshid, former Minister of External Affairs, Government of India.

The program focused on two cross-border investment scenarios: one dealing with the inbound investments into India and the other outbound from India to the US. Each scenario was peppered with facts that highlighted and underscored the legal challenges of U.S.-India deals.

Joshi, managing partner and a trial lawyer at Lorandos Joshi P.C. in Ann Arbor, was chair of the panel focusing on Anti-Money Laundering Regulation and Foreign Corrupt Practices Act (FCPA) issues in a cross-border acquisition. The panel discussed the pitfalls and red flags that are typically faced by India-based clients and/or Indian lawyers when considering acquiring a US-based company.

Joshi’s panel included attorneys Vasu Muthyala from Kobre & Kim’s Hong Kong office; David Siegel from Haynes & Boone’s New York office; and Ronak Desai, Democratic Counsel, Congressional House Committee on Benghazi.

“The program offered an opportunity to the U.S. and Indian lawyers to remain on the cutting edge of legal challenges and current trends in India-US transactions along with a unique opportunity to network with Indian regulators, government officials, private practitioners, members of Indian judiciary and academia,” Joshi said.

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