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Volume 11 Issue 8 | March 2020 COVID-19: IS INDIA INC. READY? Scroll further to see our Esteemed Panel of Authors in this COVID-19 Special Issue #StayHome #StaySafe

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Page 1: IS INDIA INC. READY?Dr. Lalit Bhasin President - Society of Indian Law Firms Badrinath Durvasula Vice President & General Counsel, HCC Ltd. Manish Lamba Co-Founder, SADGAMAYA Page

Volume 11 Issue 8 | March 2020

COVID-19:IS INDIA INC. READY?

Scroll fur ther to see our Esteemed Panel of Authors in this COVID-19 Special Issue

#S tayHome #S taySa fe

Page 2: IS INDIA INC. READY?Dr. Lalit Bhasin President - Society of Indian Law Firms Badrinath Durvasula Vice President & General Counsel, HCC Ltd. Manish Lamba Co-Founder, SADGAMAYA Page

Volume 11 Issue 8 | March 2020

#S tayHome #S taySa fe

Sachin Gupta Sr. Partner, Dhir & Dhir Associates

Smita Paliwal Partner,

King Stubb & Kasiva, Advocates & Attorneys

Ashu Kansal Partner,

Adhita Advisors

Mohit Goel Partner,

Sim & San Attorneys At Law

Samrat Sengupta Partner,

S. Jalan & Co.

Shilpa Gamnani Associate,

TMT Law Practice LLP

Aishwarya Chaturvedi

Associate, Singh & Singh Law Firm LLP

Jayashree Swaminathan

Chief Executive Officer, UnComplycate

Niraj Singh Partner,

RNS Associates

Amir Bavani Principal Associate,

Dhir & Dhir Associates

Richa K Gaurav Associate,

King Stubb & Kasiva, Advocates & Attorneys

Milan Negi Sr. Associate,

Adhita Advisors

Sidhant Goel Partner,

Sim & San Attorneys At Law

Titash Mukherjee Principal Associate,

S. Jalan & Co.

Atmaja Tripathy Associate,

TMT Law Practice LLP

Dr. Lalit Bhasin President,

SILF & BAI

Jayashree Shukla Dasgupta

Partner, Dhir & Dhir Associates

Saloni Chowdhry Sr. Associate, Dhir &

Dhir Associates

Swati Sharma Sr. Associate, Dhir &

Dhir Associates

CUTTING EDGE IN-DEPTH P15P09

Meril Mathew Joy Associate Advocate, SS Rana & Co.

Lucy Rana Partner, SS Rana & Co.

S. Ravi Shankar Sr. Partner, Law Senate

P18

P56

P87

P66 P84

P71 P76 P80

P26 P34 P40

iprcorner

expertspeak

let’sarbitrate

Page 3: IS INDIA INC. READY?Dr. Lalit Bhasin President - Society of Indian Law Firms Badrinath Durvasula Vice President & General Counsel, HCC Ltd. Manish Lamba Co-Founder, SADGAMAYA Page

Head Office

Building No 426,2nd Floor, Ghitorni

MG Road, New Delhi - 110030

FoundingDirector

Shyam Grover

* Responsible for selection of news under PRB Act. Owned, Printed and Published by Shyam Grover and printed by JK Offset Graphics, B 278. Okhla, Industrial Area, Phase -1, New Delhi 110020and to be published at B1/6, Lower Ground Floor, Hauz Khas New Delhi 110016 by the Editor - Shyam Grover. The publishers regret that they cannot accept liability for errors & omissions containedin this publication, howsoever caused. The opinion & views contained in this publication are not necessarily those of the publisher. Readers are advised to seek specialist advice before acting onthe information contained in the publication which is provided for general use & may not be appropriate for the readers’ particular circumstances. The ownership of trade marks is acknowledged.No part of this publication or any part of the contents thereof may be reproduced, stored in a retrieval system, or transmitted in any form without the permission of the publishers in writing.

E X P E R T P A N E L

Prof. Madabhushi Sridhar Former Central InformationCommissioner, New Delhi

H. V. RamadasAdvocate, Karnataka High Court

Kumar V. Jahgirdar President-CRISP

Editor-in-Chief

PBA Srinivasan

contents

A D V I S O R Y B O A R D

Dr. Justice AR Lakshmanan Former Chairman

Law Commission of India

Amarjit Singh Chandhiok Former Additional

Solicitor General of India

Justice R. S. Sodhi Retired Delhi High Court Judge

Dr. Lalit Bhasin President - Society of Indian Law Firms

Badrinath DurvasulaVice President & General Counsel,

HCC Ltd.

Manish LambaCo-Founder, SADGAMAYA

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Group Business Head Akshay Alagh | 98993 32111

International Consultants USA

Lokanath Mohapatra Dr. Rajeev Mehta

UK K. S. Sreekumar

Assistant Editors Rajesh Srivastava

Rahul Vaid*

Editor (Features) Vineeta Jerath

Senior Manager – Brand Innovation Bhupinder Kaur | 96541 55065

Neelima Maheshwari | 88008 41600

Circulation & Subscription Sunil S Chauhan | 98712 76447

Admin. and Finance Sunil Kumar

15 IN-DEPTHThe COVID19 Tide so Far! Impact, Measures & Un-Addressed ChallengesIt seems that the world is witnessing a Pandemic on an unprecedented level. The outbreak of the Pandemic is on such a magnanimous scale that the world at large has come to a standstill. The Pandemic in question is Corona Virus Disease 2019 (‘COVID-19’). A guest column by Jayashree Shukla Dasgupta, Saloni Chowdhary and Swati Sharma from Dhir & Dhir Associates Maneesha Dhir

Managing Partner, Dhir & Dhir Associates

aMar KuMar sunDraM Head of Legal, Corporate Governance & Regulatory Affairs, Royal Bank of Scotland - India

Gitanjali BhatnaGar Head - Intellectual Property - Patents & Designs, Godrej & Boyce Mfg. Co. Ltd.

ACCOLADES

tête-à-tête

REGULARS

22 IPRXCHANGEValuing Intellectual Property Assets – An Introductory PerspectiveHere’s the debut article of a series authored by Dr. Nithyananda KV, Faculty Member, Indian Institute of Management, Tiruchriappalli, Tamil Nadu. The series will focus on various aspects like why IP valuation, how IP valuation, economics and philosophy of IP valuation, case studies on IP valuation, illustrations on IP valuation, challenges, pitfalls to avoid, judicial perspective of IP valuation, etc.

64 IN CONVERSATION WITH83 VINTAGE LANE86 TAROT TALKS90 SNIPPETS92 COFFEE BREAK94 BUZZ SQUARE96 CAPSULES99 CALENDAR100 TRIVIA

32 PROFILERaval & Trivedi Associates – Three Generations of Innovation and GrowthLex Witness gets into a conversation over a coffee with Namrata Trivedi, Managing Partner, Raval Trivedi & Associates and unveils how a firm traverses its existence from one century to another with legal technology as one of its key pillars which has proved to be an asset in these times of Covid-19. Here’s an interesting recap.

COVID-19 and Its Impact on Legal SystemA veteran who needs no formal introduction, Dr. Lalit Bhasin, besides being a renowned lawyer, is also the Chairman, Legal Services a Sector Committee of Services Export Promotion Council, President of Society of India Law Firms (SILF) and Bar Association of India. He is one of the most respected authorities on legal matters in India. We are grateful to Dr. Bhasin to share his expert views on the such a sensitive matter. Have an interesting read through.

09 CUTTING EDGE

40 | Lex WITNESS | February 2020 A Lex Witness Counsel Connect Initiative

counselcorner

Copyright AmendmentSection 31 D - The fate ofBroadcasting StatutoryLicense in the hands of IPABCopyright is a right in an original work of authorship (such as literary, musical,artistic, photographic, a film work or computer programme) fixed in any tangiblemedium of expression, giving holder the exclusive right to reproduce, distribute,adapt, display and perform the work.

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Page 4: IS INDIA INC. READY?Dr. Lalit Bhasin President - Society of Indian Law Firms Badrinath Durvasula Vice President & General Counsel, HCC Ltd. Manish Lamba Co-Founder, SADGAMAYA Page

Maneesha Dhir Conferred with ‘The Woman Lawyer of the Year’ AwardLex Witness Bureau

ACCOLADES

A Lex Witness COVID19 Special Issue38 | Lex WITNESS | March 2020

Dr. Shashi Tharoor, Member of Parliament, presenting the award to Maneesha Dhir, Managing Partner, Dhir & Dhir Associates

Page 5: IS INDIA INC. READY?Dr. Lalit Bhasin President - Society of Indian Law Firms Badrinath Durvasula Vice President & General Counsel, HCC Ltd. Manish Lamba Co-Founder, SADGAMAYA Page

ACCOLADES

A Lex Witness COVID19 Special Issue March 2020 | Lex WITNESS | 39

Maneesha Dhir, Managing Partner, Dhir & Dhir Associates and Co-Chair of IWIRC India was awarded

‘The Woman Lawyer of the Year’ by Public Diplomacy Forum, an organization that promotes knowledge, literary festivals, not-for-profit events.

The Chief Guest of the evening was Dr. Shashi Tharoor who is an Indian politician, writer and a former international diplomat who is currently serving as Member of Parliament, Lok Sabha from Thiruvananthapuram, Kerala, since 2009.

Public Diplomacy Forum celebrated

MANEESHA DHIRManaging Partner,

Dhir & Dhir Associates

It is an honour to receive an award from such a

prestigious organization who are doing great work

towards empowering women. Empowerment of women is necessary for the very

development of our society as it improves both the

quality and quantity of human resource and it should be a continuous process. We

must celebrate every day as a Women’s Day and do our bit to ensure that the future of all women is bright, safe, rewarding and equal as an

equal world is truly an enabled world.

the indomitable spirit, courage and entrepreneurship potential of the new generation of India women - a true ‘Ashtabhuha’ juggling work, family, personal growth with grace, finesse and panache, unique to the Indian woman of today.

Other Guests of Honour were H.E. Daniel Chuburu, Ambassador of Argentine and Fedor Rosovsky, Director, Russian Centre of Science & Culture. This year Public Diplomacy Forum felicitated women achievers from various walks of life who have inspired, motivated and empowered women through their achievements. The event was commemorated in the presence of celebrities, UN delegates, Embassy Heads, Select Diplomats, leading entrepreneurs, along with esteemed media representatives at the Le Meridien Hotel, New Delhi.