4-5 Gray’s Inn calls off merger with Monckton

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Latest Briefings

Policies for streamlining operations of PSCs

On 18 July 2018, the Cabinet Committee on Economic Affairs approved policy framework for streamlining operations of production sharing contracts (PSCs) for increased domestic production of hydrocarbon resources (Policy). By way of background, the Government of India had awarded 28 exploration blocks (13 offshore and 15 onshore) to private companies between 1980. This was prior […]

Amendments to IBBI Regulations, 2016 – CIRP Regulations

By Ashwin Bishnoi, Shruti Singh, Charu Chitwan The Insolvency and Bankruptcy Board of India (IBBI) notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2018 (Amendment Regulations) on 4 July 2018 to amend the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) for the third time this year. Primarily, the […]

Why Offshore for Fintech?

Fintech is changing the way banking and financial services businesses are operating at an incredible pace. There are many challenges and opportunities that face financial institutions, business, investors and start-ups. As with much new technology, the speed of change frequently outstrips the legal and regulatory landscape and fresh approaches are often required to adapt. With […]

Cayman Islands investment funds – Changes to the AML Regime

A number of significant changes to the anti-money laundering regime applicable to Cayman Islands investment funds were introduced towards the end of 2017. The key changes are: • Unregulated investment funds will be subject to the Anti- Money Laundering Regulations, 2017 (as amended, the “AML Regulations”) from 31 May 2018 • The Cayman Islands Monetary […]

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Conflicts rules under fire by City Law Society

A wholesale shake-up of the rules governing conflicts of interest is about to take place, The Lawyer can reveal. The City of London Law Society working party will today publish a paper which calls for the conflicts rules in England and Wales to be brought in line with the more liberal rules on the Continent. […]

Fraud expert Bueno quits Littleton

Littleton Chambers is losing one of its top commercial silks less than six months after hiring him. Antonio Bueno QC, who was head of chambers at 5 Paper Buildings before joining Littleton at the beginning of the year, is leaving. Renowned for his banking and commercial fraud expertise, Bueno is disciplinary tribunal chairman of the […]

‘The elder statesman of the banking world’

Rodgin Cohen Banking lawyer ‘par excellence’ Rodgin Cohen has just taken over the chairmanship of Sullivan & Cromwell. Devoted to his practice and one of the firm’s biggest billers, he is no less committed to making Sullivan & Cromwell the market leader in Europe. Claire Smith reports. Rodgin Cohen has a deadly serious expression on […]

Davis Polk appoints Shearmans partner

Top New York firm Davis Polk & Wardwell is laterally hiring a partner from Shearman & Sterling to boost its Californian office. Capital markets lawyer Alan Deneberg has investment banking clients, including Morgan Stanley, Goldman Sachs and Credit Suisse First Boston, and a strong corporate client base. He is following Bill Kelly to the firm’s […]

It’s been a good week for

Criminal suspects. In a surprise ruling, the USSupreme Court has reaffirmed that the police must read suspects their four fundamental rights, including the “right to remain silent” – the so-called “Miranda rights” beloved of US detective series. One of two dissenting judges said the decision “converts Miranda from a milestone of overreaching” into one of […]

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