The International Financial Services Centre (IFSC) at Gujarat International Finance-Tec City (GIFT IFSC) has signed an agreement with Gujarat National Law University (GNLU) to collaborate on efforts for skill development in the field of international financial services. As per the MoU, GIFT IFSC and GNLU would work jointly towards courses, training and certificate programs in the field of international financial services law, the company said in a statement today.
The association would promote the deeper acceptance of financial laws with regards to global financial markets, it said. “IFSC being new a concept, there’s a pressing need to enhance understanding its various aspects. Through this MOU, we hope to help edify law professionals on IFSC rules, arbitration and regulations concerning global financial transactions,” said Dipesh Shah, Head – IFSC and strategy, GIFT IFSC.
“Our aim is to reach out to all relevant stakeholders in India and make them proficient in this relatively new field of financial law,” said Shah. Under the MoU, GNLU will introduce a new course on International Financial Services Centre from its June 2017 semester. It will also organise a program for lawyers covering IFSC, international arbitration and related fields. GNLU will also encourage its masters/ degree students to undertake certification program in the field of international law and international financial services.
The MOU will also look into developing and conducting programs in financial market along with GIFT and other institutions based out of GIFT IFSC, the release stated. “Since one of the agenda of the MoU is to create more awareness about the fundamentals of an IFSC, a knowledge series will be routinely organised under the banner of GIFT IFSC and GNLU,” he said.
GNLU Director Bimal Patel said, “our partnership opens new doors to gain experience on international financial laws and regulations. We would the first university in India to start a regular course on IFSC. This will also provide hands on international experience in financial law to our students and given them a competitive edge in placement.”