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DTSTAMP:20261023T031134Z
DTSTART:20261128T040000Z
DTEND:20261128T051500Z
SUMMARY:Plenary session two: Can law keep pace with economic development?
 
DESCRIPTION:SpaceX made history with an $86bn IPO\, nearly double the GDP
  of South Africa where its CEO\, Elon Musk\, was born. Big money creates
  big disputes\, raising ethical questions about justice delivery\, const
 itutional principles and whether our judiciary can be truly independent.
  India is the world’s fastest-growing major economy\, with recent IPOs i
 n India showing unprecedented growth. But its legal infrastructure\, suc
 h as the Indian Contract Act (1872)\, is mostly built on statutes drafte
 d for a different era. This law now governs commercial relationships\, t
 echnology platforms and cross-border transactions. The framers of these 
 laws could not have anticipated today’s technological advancements\, how
  agreements are made or even how quickly some businesses need disputes r
 esolved. Insolvency reform took decades\, data protection took longer an
 d AI regulation is still incomplete. Contract enforcement remains slow\,
  regulatory frameworks cannot develop even as their implementation is de
 bated\, the Courts are asked to resolve disputes arising from business m
 odels that the law has yet to name. This session asks the fundamental qu
 estion that sits beneath every other discussion at this Symposium: is In
 dia’s legal system — its courts\, its statutes and its regulatory archit
 ecture — keeping pace with the economy it is meant to serve\, or is the 
 gap between legal capacity and economic ambition becoming a constraint o
 n growth?
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