As the renowned economist Axel Leijonhufvud aptly put it, market economy is a system of voluntary cooperation (a web of interconnected contracts). It is a reality of regulated contracts today, that the context and underlying realities keep changing. Long-term contracts related to facilities with the characteristics of infrastructure, mould the elements of regulation for such arrangements established by law and/or policy. In this backdrop, I shall present to you my perspectives on the interplay between “freedom to contract” with respect to long-term infrastructure contracts that are regulated.
Please click here to read the full article by Amit Kapur, published in Powerline.
Amit Kapur is a Partner with JSA since 2000. He has anchored the Firm’s Infrastructure practice since 1997 with focus on infrastructure sectors. Having served as Senior Partner of JSA since 01.04.2017, on 01.01.2019, Amit assumed office as the Joint Managing Partner of the Firm.