Vidhi Chetnani
Final-year B.B.A. LL.B. (Hons.) student at NMIMS School of Law, Mumbai, with a focused interest in Dispute Resolution and Private Client Practice.
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I am a final-year B.B.A. LL.B. (Hons.) student at NMIMS Kirit P. Mehta School of Law, Mumbai, with a strong interest in Dispute Resolution and Private Client Practice. My internships in both family law chambers and tax-centric firms have allowed me to explore the intersection of succession, family settlements, and litigation strategy—a space I find intellectually rewarding and emotionally grounded.
Over the past few years, I have worked on matters relating to divorce, inheritance, estate planning, and HNI family disputes, which deepened my understanding of both courtroom processes and client advisory. I have also participated in multiple client counselling competitions, where I developed a client-first mindset—something I intend to carry forward in my professional journey.
I aspire to begin my career in Dispute Resolution and gradually transition into Private Client advisory, where I hope to work on building solutions that are not just legally sound but also human-centric.
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Showing 1 to 4 of 4 Results
Cross border succession risk: NRIs must align wills, trusts and foreign exchange compliance to avoid probate and tax complications.
Cross-border succession for NRIs involves conflicts between connecting rules-such as lex situs for immovables and domicile for movables-and Indian personal law regimes, creating jurisdictional complexity. Operational risks include nonrecognition of foreign wills, procedural probate demands, tax exposures on inherited income and capital gains, and limited relief under DTAAs for estate taxes. Compliance with FEMA affects repatriation and transfers, while trusts and dual wills are practical estate planning tools that must align with tax, probate and foreign exchange rules; specialist, jurisdiction specific planning is recommended. (AI Summary)
Investments - Wealth
Digital asset succession faces statutory silence in India, creating barriers to fiduciary access and intestate transfer.
Indian succession law lacks explicit recognition and classification of digital assets, leaving executors, heirs and fiduciaries uncertain whether such holdings are transferable and how access should be effected. Testamentary effectiveness is undermined by omissions, encryption and platform Terms of Service that restrict third party access; intestate scenarios compound risks through unidentified assets, absent valuation norms and potential misappropriation. A unified statutory regime is proposed to designate transferable categories, empower digital executors, set default intestacy rules, constrain discriminatory TOS, establish valuation guidelines, and align succession with data protection principles. (AI Summary)
Investments - Wealth
Trust-based succession planning preserves family control and prevents intra-family conflict through tailored governance and neutral oversight.
Private trusts under the Indian Trusts Act, 1882 provide settlors broad discretion to define succession, distribution, governance, and contingency plans; they operate on transfer rather than only on death, enable separation of ownership and control for business continuity, protect vulnerable beneficiaries through conditional disbursements, and permit appointment of independent trustees or protector committees to remove emotional subjectivity. Hybrid domestic and offshore trust structures can address cross-border assets if compliant with regulatory and tax norms, while tax treatment varies with trust character and available carve-outs. (AI Summary)
Investments - Wealth
Public policy exception risks arbitral finality after recent amendments, prompting calls for narrower definition and judicial restraint.
The arbitration-friendliness of India is primarily compromised by inconsistent judicial interpretations of the public policy exception and by recent amendments authorizing an automatic stay where courts find a prima facie case of fraud or corruption. These developments reintroduce tactical litigation and forum shopping, weaken arbitral finality-especially in international commercial matters-and produce unpredictability that deters foreign parties. Recommended reforms include a narrow statutory definition of public policy, specialized arbitration benches, wider use of institutional arbitration, and improved arbitrator training to reduce successful challenges. (AI Summary)
Other Topics
TaxTMI 
TaxTMI 
18 Jul 2025 
