Foreign lawyers are currenly allowed to appear in court for a particular matter if the judge agrees. The new proposal would enable lawyers from abroad to advise on issues that are unlikely to get to court. 

Centre of world commerce

The New York Office State of Court Administration said in a letter this month that, in the light of globalisation, 'New York’s role as a centre of world commerce would be enhanced by permitting lawyers from other jurisdictions to appear in this slate to work on transactional or short-term litigation-related matters (so-called 'fly-in, fly-out' events)'. it is seeking comments on the issue by 3 November. Source: Wall St Journal