![]() Financial Daily from THE HINDU group of publications Sunday, Jul 17, 2005 |
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Industry & Economy
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Courts/Legal Issues `New inventions, technologies will drive law' Our Bureau
Hyderabad , July 16 NEW economies, inventions and technologies will dictate a major shift in the trends of legislation globally, according to the Chief Justice of India, Mr Justice R.C. Lahoti. Already, national territories were being obliterated for international trade and commerce, he said in his convocation address at the NALSAR, University of Law, here, on Saturday. Multi-level governance with regulated markets and various public-private partnerships would also require new institutional architecture for law. Courts and court-inspired reforms would be important and law schools would have to play a role, he said.Urging the legal fraternity, including the judiciary, to keep pace with developments in science and technology, the Chief Justice said a Science-Law interface was necessary to develop appropriate legal regimes. DNA techniques, development in forensic science, patent regime, stem-cell research and cloning had opened up areas yet uncharted by the legal fraternity. The `Logic of Science' and the `Logic of Law' needed a meeting point to carry forward the balance of logics, he said. The Vice-Chancellor of NALSAR, Prof Ranbir Singh, listing the achievements of the University, said the third batch of 53 graduating students had got good placements with salary packages in the Rs 3-10 lakh range. The University could set up the M.K. Nambyar SAARCLAW Centre, inaugurated by the Chief Justice, continue to get support for the Ford Foundation project on revamping criminal justice administration, and was hoping to initiate a World Bank-funded project on the Legal Issues of Money Laundering.
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