J Sagar Associates (JSA) has opened an office in the Gujarat International Finance Tec-City (GIFT) special economic zone (SEZ), after SEZ rules had recently seen a liberalisation that allows legal services providers to operate from there.
The firm also has an existing Ahmedabad office of one partner and around five to six associates. That GIFT work would also include several other JSA partners as well as his existing team in Mumbai “that’s the beauty of JSA, it’s team work”. It takes around 25 minutes to get to the GIFT from Ahmedabad, said Potdar. When asked whether it looked basically like Mumbai’s Bandra Kurla Complex (BKC).
JSA is proud to be part of the visionary project of our Prime Minister Shri Narendra Modi that would truly place India on the global map. The firm is truly excited at the prospect of our growing Western India presence augmenting JSA’s existing Western India presence which includes offices in Mumbai and Ahmedabad.
While SEZs potentially enjoy exemption from certain national laws and regulation, Potdar when asked whether foreign law firms could set up shop in GIFT tomorrow, said that the rules were not clear right now. The Reserve Bank of India (RBI) and the Bar Council of India (BCI) have still not allowed foreign firms to operate in India, and the GIFT would need to explicitly exempt certain laws from applying within itself.