CRESCO Legal is a globally active law firm with offices in various countries around the globe. With a stronghold in Asia, the law firm covers one of the most dynamic economic markets for the years to come. We are ready to serve you, internationally and locally.
Although CRESCO Legal is a global firm, the local base is not neglected. That’s why we call ourselves The global local firm.
CRESCO Legal to introduce Artificial Intelligence software
CRESCO Legal has signed an agreement for the use of Luminance, a software powered by artificial intelligence to support the work of lawyers. The software allows the fast analysis of contracts, using sophisticated pattern recognition and machine learning developed by Cambridge University Ph.D’s.
The coronavirus (COVID-19) pandemic has impacted the ability of businesses around the world to maintain operations and fulfil existing contractual obligations.
Ms. Mansi Lalwani, a distinguished member of our CRESCO Legal team, has written an article about the obligations of companies in the light of this disaster, that changes the way of how businesses can operate. Is this a “Force Majeure event” or just “Bad Luck?”
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Covid-19: A “Force Majeure Event” or Not?
The article discusses, whether the COVID-19 pandemic can be seen as a “Force Majeure event” with all legal consequences or not.
The question is crucial when it comes to evaluate claims out of unfulfilled contracts and liabilities.
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Mr. Naveen Kumar Indrakanti, Managing Director of CRESCO Legal, has been appointed as an Official Mediator by the International Commercial Mediation Centre for the “Belt and Road Initiative” popularly known as “Silk Road Economic Belt” and the “21st Century Maritime Silk Road” (the “B&R Initiative”).
Initiated by President Xi Jinping, this remarkable project aims to strengthen China’s business relationships among 140 countries across EU, ME & Africa. The target of the “Belt & Road” is to build an annular route with one end being the active east Asian economic zone, the other end being the developed European economic zone, and the middle being the countries of Asia and the Middle East with great development potential. The “Belt & Road” project target to create a community of mutual benefits, fate and obligations with political mutual trust, economic amalgamation and cultural tolerance.