EMERGING FIELDS OF LAW IN INDIA
Law has the unpredictable significance of a living life form. It is what binds the people in a legal obligation towards each other. Since time memorial, law and the legal profession have developed according to the needs of the commoners. Consequently, evolution in law becomes sine qua non to accommodate changes in the society, politics, economy and technology. Likewise, laws in India are spread across a broad spectrum of fields which administer our day to day lives.
The changing trends like technological advancement, increasing online transactions, startups, entrepreneurship, intellectual property protection and government reforms facilitate the need for specialised laws to provide a more nuanced outlook.
With a progessive growth in technology, a developing country like India should manifest an advanced check and security mechanism so as to safeguard the rights of the people in cyberspace. Subsequently, we see the rising trends of cyber law with the enactment of Information Technology Act, 2000. These advancements are evident of the fact that the legal profession remains enterprising and has emerged to constitute and judge the contractual transactions or crimes taking place over the internet.
Not just this, the dispute resolution procedure has also seen diversification. Apparently, now clients prefer various alternative dispute redressal methods like negotiation, settlement and arbitration over litigation.
For a budding law student or scholar or academician, it is advisable and imperative to explore and gain expertise in these upcoming options so as to secure a successful career.
Foreign Direct Investment and International Business Law
At the onset of globalisation, international contracts and foreign-domestic ventures have become a reality. FDI has spurred the inter-state relations by creating direct, stable and persistent links between economies and through transfer of technology and know-how between nations. International commercial relations are governed by the International laws and treaties. Legal experts and advisors in FDI are expected to come up with a specific plan of action to crack an optimal deal. So, one thinking of making an entrance is this particular field of law, must be well-versed with the requisite statutes. For a better insight on how the international laws function, there are numerous courses available online including certificate courses in International Trade, International Mediation, International Commercial Arbitration, International Business Law, Foreign Direct Investment etc.
Competition law and Business Laws
The only thing that will never get out of business is ‘business’. Looking forward to the same thought, the business sector in India is one of the highest contributors to the economy of our nation. In a democratic country like India, where politics and economics often coincide, almost all government policies affect business activities. Hence, understanding of the legal implications of business becomes equally imperative. Rolling out of GST( goods and services tax) in 2017, created a haywire situation throughout the country. Just another taxation law brought the entire country to its knees. Hence, it is crucial for upcoming legal experts to excel in this category of law, opening up better business prospects for those in the industry.
Cyber Law and Technology laws
The status quo reflects that digitisation is here to stay, with everything entering the virtual domain, whether it is e-commerce, advertising, socialising etc. With data of more than 10 billion people being available online, the security of personal information becomes a primary concern. ‘Big Data’, a 21st century terminology that came up during the cambridge analytica controversy, has left the entire world in astonishment and woe. Considering how the internet is an open ended platform, anonymity of the users might jeopardise the other’s confidential or private information. Not just this, the internet plays a prey to hackers, who might spam your mail or hack your accounts, manipulate your data, leak essential information and what not. All of this makes cyberspace prone to crimes and frauds and therefore, needs to be dealt with legally. Those interested in resolving cyber crimes can probably prosper in ‘Information Security’ and ‘Data Protection’. Recent developments in the area includes the Personal Data Protection Bill, 2019.
The technological upgradation that we are a subject to, has paved its way into the legal sector in recent times. With AI (Artificial Intelligence), robotics and drones coming into the scene, not only people’s lives have been put to ease but it has engaged the minds of legal practitioners.
Intellectual Property Rights and Entertainment Law
In a world where all sorts of entertainment has been brought to our electronic devices, whether it is music, movies or books, we just need to stream in!
Almost all the eminent news publications and channels have an online presence through social media and respective websites. In this age of instant information and access, everything is available online, whether it is advertising, social media or streaming services. It further necessitates to understand the need of the hour.
Lawyers are specifically needed in this niche field. The scope of their work might vary from getting an author an aid to protect the copyright in his book and the royalties thereof, to drafting celebrity agreements with giant production houses. Attaining innovation/ design patents or litigating against a representative body, all of these roles are various facets in a lawyer’s life.
Getting any new product/ service a trademark of its own name or filing the corresponding applications for obtaining a patent for a product/ services also accounts as a legal expert’s role. It encompasses all those enactments that guide the behaviour of all kinds of artists in the industry, alongside protecting their rights. To take these matters into cognizance, the expert lawyers in media and entertainment law are essentially required.
For all those who before serving the nation want to serve their mother nature can appropriately enroll themselves for this line of career. Energy, certainly is a resource which ostensibly is renewable but as per its current usage and exploitation, might get depleted in near future. Talking about India, surprisingly, it has made quite a lot of progressions in the energy sector via affiliation with IEA( International Energy Agency). It has in fact recently signed a policy with IEA, embarking upon the sustainable development of energy in the country. The policy aims to secure the supply and integrate various renewable energies together to transform the sector in entirety, leading to the persistent growth.
Furthermore, it provides a great opportunity for the thought bearers and curiosity heads to explore this field of law which yet remains new and profitable. An academician studying such a discipline might not just learn the law of the land but the international treaties binding India with the other nation states in its obligations related to the energy supply chain.