Legal Counsel, Randstad

Randstad

Location:
India, New Delhi

Category:
Legal

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

The Legal Counsel for Power and its related services will be responsible for overseeing all legal aspects related to electricity trading, scheduling & Forecasting, ensuring compliance with the applicable regulatory framework, advising the business on legal issues, and handling contract negotiations. The role requires a deep understanding of the energy sector, electricity laws, trading regulations, and power market dynamics, with a focus on mitigating legal risks associated with power trading activities.

Job Responsibility:

Ensure compliance with the Electricity Act, 2003, CERC Regulations, and any other relevant laws or regulations governing power trading in India
Assist in obtaining and renewing the CERC trading license for the company and ensure adherence to all licensing conditions
Monitor changes in regulations and advise the business on potential impacts to the trading operations
Draft, review, and negotiate a variety of contracts including Power Purchase Agreements (PPAs), Trading Agreements, Bilateral Contracts, and Energy Sale/Purchase Agreements along with contracts in Scheduling & Forecasting
Ensure that all contracts comply with regulatory standards and protect the organization’s interests
Manage contract disputes, provide legal support in negotiations, and address any legal issues arising in day-to-day trading operations
Provide legal guidance to senior management on various legal issues related to power trading, including market risk, regulatory changes, and dispute resolution
Advise on the legal implications of market trading strategies, including day-ahead market, real-time market, and term-ahead market transactions
Analyze and assess potential risks and legal implications of trading positions and activities in the power market
Represent the company in regulatory hearings and proceedings before the Central Electricity Regulatory Commission (CERC), State Electricity Regulatory Commissions (SERCs), or any other relevant bodies
Handle disputes related to electricity trading, including contractual disagreements, regulatory violations, and settlement issues
Work with external law firms, when necessary, to resolve complex legal disputes
Stay updated with developments in the Indian power sector, including legal, regulatory, and market changes
Conduct legal research related to electricity trading laws, dispute resolution mechanisms, market structure, and pricing regulations
Advise the business on the legal implications of new market developments, including policy changes related to renewable energy, trading platforms, or power purchase models
Ensure the company adheres to internal compliance policies, legal requirements, and industry best practices in power trading
Assist in implementing corporate governance policies and ensuring all trading activities comply with ethical and legal standards
Provide legal assistance in transactions related to mergers, acquisitions, or other corporate activities in the energy sector
Review and assess the legal viability of any strategic partnerships, joint ventures, or acquisitions involving power trading operations
Maintain proper documentation of all legal agreements, filings, licenses, and other important records related to the power trading business
Prepare and submit legal reports and updates to senior management regarding ongoing legal matters, regulatory issues, and risk assessments
Conduct training sessions for internal teams to ensure awareness of legal compliance in trading operations and other regulatory requirements
Provide ongoing support to business units to ensure that trading activities remain legally compliant

Requirements:

LLB (Bachelor of Laws) or equivalent degree from a recognized university
A specialization in energy law, corporate law, or regulatory law is preferred
At least 4-6 years of experience in legal roles within the energy sector, power trading, or related industries
Experience in contract management, regulatory compliance, and handling legal aspects of power market trading is essential
Strong understanding of Indian electricity laws, CERC regulations, and power market mechanisms (such as IEX, PXIL)
Excellent knowledge of contract law, dispute resolution, and corporate governance
Strong communication, negotiation, and drafting skills
Ability to handle multiple tasks and prioritize legal matters in a dynamic environment
Ability to work collaboratively with various departments (such as business development, finance, compliance, etc.) and external stakeholders

Nice to have:

Attention to Detail: Ability to review contracts, agreements, and regulations carefully and ensure compliance with all applicable laws
Problem-Solving Skills: Strong analytical skills to identify issues and develop practical solutions
Adaptability: Willingness to stay updated with changes in regulations, market conditions, and industry trends
Negotiation Skills: Ability to negotiate effectively with regulators, counterparties, and business partners

Additional Information:

Job Posted:
June 01, 2025

Expiration:
July 14, 2025

Employment Type:

Fulltime

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Legal Counsel