Lalit Bhasin, Founder and Managing Partner, Bhasin & Co., has been unanimously elected as the Regional President of the Indo-American Chamber of Commerce (IACC) for the term 2012-13.
With his appointment as Regional President of IACC, the only bi-lateral chamber addressing Indo-US economic and partnership issues, IACC has reaffirmed its commitment towards establishing a strong legal framework between India and the US so that it can advance the business interface and partnership between the two countries, and their respective industries.
“I am honoured that the members of IACC have reposed their faith in me. I have always worked with vigour towards the objectives of the organization and will continue to do so. In my previous role at IACC, I have been actively working towards creating better awareness and understanding of the legal and regulatory framework between India and US. Now my efforts will broaden to focus on the larger issues affecting business, and the synergies between India and the US to achieve a win-win situation,” said Mr. Bhasin.
With 50 years in the legal profession, Mr. Bhasin, who is currently the President of Society of Indian Law Firms and Vice President of The Bar Association of India, has helped put the Indian legal profession on the world map. Mr. Bhasin’s association with IACC goes back more than two decades. As Chairman of IACC’s Legal Affairs Committee, he helped organize a two-and-a-half day conference on “Business in and between India and the US – Legal and Regulatory Framework” in association with the Center for American and International Law (CAIL) and American Law Institute/American Bar Association (ALI – ABA), USA. As an active member of the Chamber, he led a high-profile delegation to Plano, Texas (USA) to participate in the Conference on ‘Doing Business in India: a Practical Guide for Lawyers and Business Leaders’. He also chaired IACC’s flagship event “Indo-US Economic Summit” twice.
Mr. Bhasin began his law practice in 1962 and has established Bhasin & Co. as one of the largest law firms in North India. Mr. Bhasin specializes in Employment & Labour Laws, Corporate Law (Formation of Joint Venture Companies, Foreign Collaborations, Amalgamations, Mergers, Acquisitions, Disinvestment); Laws relating to Information Technology; Contract and Conveyancing; Sports Law; Entertainment & Media Laws; Constitutional Law; Banking and Finance; Consumer Protection Laws; Disputes relating to Foreign Investment.
Mr. Bhasin is also associated with various bodies. He is the Chairman, Film Certification Appellate Tribunal; Executive President, India Law Foundation; President, Inter Pacific Bar Association; President, Indian Society for Afro Asian Studies; Honorary Life Member, International Bar Association; Chairman, CIArb (Chartered Institute of Arbitrators); India Chapter, Chairman, PHD Chamber of Commerce & Industry Committee on Corporate Affairs; Chairman, Services Export Promotion Council; Chairman, CII National Committee on Dispute Resolution; Fellow CIArb, Member, Management Committee, The Sagar School, Rajasthan.