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CC sends ambassador to Indian ally AZB

This is tempting fate - just the kind of move that will prompt a hasty response from the Bar Council and the Law Ministry who will look to appease their constituents. Foreign firms will have to wait for the liberalisation to be rolled out rather than jumping the gun with their 'innovative' solutions to serve their objectives. This could put the entire liberalisation process at risk and harm the rest of the magic cirle. Bad move CC.

10-Jun-2009

3:51 am