NLSIU Bangalore launches Centre for Study of Rule of Law

NLSIU: The centre will study the rule of law from the perspective of improving the functioning of markets, business and the economy in India.

NLSIU Bangalore (Image: Official website)NLSIU Bangalore (Image: Official website)

Anu Parthiban | December 20, 2022 | 09:54 AM IST

NEW DELHI: The National Law School of India University (NLSIU Bangalore) will launch a new research “Centre for Study of Rule of Law” in partnership with TrustBridge.

“This Centre, a five-year-long initiative, will study the rule of law from the perspective of improving the functioning of markets, business and the economy in India. The Centre will be located on the University campus in Bangalore,” NLSIU said in a statement.

“The core objective of the Centre for Study of Rule of Law is to promote and further scholarship on questions of rule of law in areas where the better functioning of the rule of law will lead to an improvement in the performance of markets and the economy in general,” it said.

The centre will initially focus on the rule of law in two key areas – financial markets, and government litigation and contracting.

The law institute said that the centre’s work will evaluate the drafting of the subordinate legislation and enforcement processes in the areas of banking and bankruptcy, insurance, pensions and capital markets with a view to evaluating the impact on economic outcomes.

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It will also delve into reasons for government litigation and identify solutions towards making government litigation more efficient. It aspires to build the foundation for a sound regulatory environment to establish a well-functioning economy, NLSIU said.

The Centre will operate under an executive committee and an advisory board, and will have a team comprising researchers from the areas of law and economics alongside other administrative staff.

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