At Sand Legal, we believe in being in the thick of things because it keeps us up-to-date with what’s going on out there. Here are a few of the recent events, forums and activities that we’ve been involved with.
Awards and Events
The Five Cardinal Questions in legislative Compliance
Article on Legal Compliance Management by B. Sai Chandravadhan, Managing Director of Sand Legal Services, published in the Oct issue of the leading Legal industry magazine, Legal Era.
At the outset, this article predominantly deals with legislative compliance though the principles espoused in it could equally apply to internal and other compliances.
From inception to maturity, an entity takes on many avatars in its life time. It evolves from an idea into a decentralized and stakeholder driven organization. Unlike its parent, a human being, an entity lives on provided it is imbibed with the right cultural attributes. Having a great business idea, product or service just isn’t enough anymore. People don’t want to be part of your dream as employees, customers or vendors for that matter if they don’t see cultural attributes that are conducive to them
Legislative protection imperative to protect trade secrets
Bangalore, Apr 24 (PTI): Legal luminaries today said there was a need for a common industry code which could become the basis for future legislation and a`non compete law’, targetted at safeguarding and protecting confidential information and trade secrets.
Speaking at a seminar organised by CII on “Non Compete law, Intellectual Property Rights & Employment Law in India, M N Venkatachaliah, former Chief Justice of India said “we have nothing in position to keep ourselves ahead in the emerging global business scenario and the minimum guarantee would be to provide legislation for the protection of business secrets.
Suprio Dasgupta, Director & General Counsel – HTS, Honeywell Technology Solutions Lab Pvt. Ltd spoke of the cultural and legal differences faced by the industry across several countries in which it has to enforce its right on confidential trade secrets and protect itself against workers joining rival organization and violate non compete provisions.
Prof A Jayagovind, Vice Chancellor and Professor of Law, National Law School of India University predicted that market place would dictate human activities in a liberalized global scenario and that non compete clauses are a negative factor of competition.
He stressed that though the National Innovation proposed legislation which protects inventions and innovation of Science & technology is yet to become law at any time.
Sai Chandravadhan, Managing Director, Sand legal, in his theme address said though the picture appears rosy for the IT & ITeS industry specially the LPO industry, to tap the 184 billion USD LPO business it is important to implement legislative protection to trade secrets and bring in punitive damages against erring employees, sub – contractors and the like.
Earlier, in his welcome address, Mr Lalit Bhasin, Chairman of the CII National Committee on Legal Services highlighted the importance of the topic and the grave need to find solutions before India loses out to the competition.