Legal cost to companies: an exploration
Abstract
A news article published in the Economic Times on September 15th, 2019 stated that the Legal Expenses of Indian Companies increased to 14% to over INR 38,660 crore ($5.6 billion) during FY19 as new laws on insolvency and debt restructuring, among others, came into force over the past five years. That’s a 49% increase from the INR 25,832 crore that the companies spent five years ago. The legal expenses include spending on litigation and arbitration, professional fees, regulatory filings, penalties and general stamp duty.
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