LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rashid Shaikh   06 November 2024

Can a business lawyer help with compliance issues?

I'm want to know about how business lawyers help with compliance issues. I know companies have to follow lots of rules and regulations, and messing up can lead to fines or even legal problems. Can a business lawyer really make a difference in staying compliant? Do they help businesses understand all those laws or just step in if there is a problem? Would love to hear from anyone who’s worked with a business lawyer or has experience in this area!



Learning

 8 Replies

Pradipta Nath (Advocate)     07 November 2024

Yes a business lawyer can efficiently take up the compliance activities of a company. There are several compliance require like labour law compliance, corporate law compliance, SEBI Comliance, RERA etc. Corporates Lawyers or Advocates are speciliased in separate areas like labour law, corporate law, SEBI, FDI, Merger & Acquisition etc. 

1 Like

T. Kalaiselvan, Advocate (Advocate)     07 November 2024

It depends on the lawyer you may choose for this purpose based on the experience and skills of the chosen lawyer.

1 Like

P. Venu (Advocate)     07 November 2024

It is your choice and discretion to engage a competent professional. It is impossible for third persons to second guess such profound issues.

1 Like

Dr. J C Vashista (Advocate )     08 November 2024

A prudent lawyer shall (definetly) protect interest of his/her client and make a difference which cannot be quantified / presumed at this stage i.e., till there is some real issue and you have engaged an experienced lawyer.

1 Like

Akash Holkar   08 November 2024

Yes, a business lawyer can definitely help with compliance issues! They work proactively to help businesses understand and navigate the complex web of laws and regulations that apply to their industry. By setting up compliance programs, conducting regular audits, and advising on legal obligations, they help prevent potential issues before they arise. In case of a compliance problem, they also step in to manage and resolve it, potentially saving the business from fines and legal trouble.

Rashid Shaikh   11 November 2024

You mentioned different compliance areas like labor law, corporate law, SEBI, RERA, and FDI. Does a single business lawyer typically cover all these areas, or do companies usually work with multiple lawyers specialized in each field? How does a company decide which lawyer or type of legal expertise they need?

Pradipta Nath (Advocate)     11 November 2024

The types of compliance depends upon the nature of business. Regarding specialisation or working on multiple fields, it varies from Advocates to Advocates.

Dr. J C Vashista (Advocate )     12 November 2024

You are required to contact and engage the lawyer meeting your requirement, which is not an issue to be considered by experts on this platform.

1 Like

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register