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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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When The Lawyer

When The Lawyer broke the news last week that Gary Watson, London managing partner of Hammond Suddards Edge, is joining Ashurst Morris Crisp’s property team within the next six months, a new and more rosy era seemed to dawn for the long-suffering department. The Ashursts’ property department has been a turbulent place to work; there […]

Asticus

Asticus sells freehold interest in 15 Great Marlborough Street to Royal & SunAlliance for £30.7m. Asticus advised by Denton Wilde Sapte (Stan Gniadkowski). Royal & SunAlliance advised by Maples Teesdale (Mark Bryan).

DOCTOR SPIN

As Christmas approaches and pester-power reaches a crescendo, the stores are desperately trying to lay their hands on this year’s must-have accessory – the new PlayStation. The console has the computing power of a small mainframe, the graphics capability of an IMAX film and a sound system to rival the new Birmingham Symphony Hall. But […]

Deal of the week – DaimlerChrysler

This is the seventh deal that Northampton firm Howes Percival has acted on for DaimlerChrysler’s UK subsidiary during the past two years, and this particular transaction was completed in less than a fortnight. Time was of the essence in this case because the deal had to be closed before 300 Lex Autosales employees were made […]

Three Internet Deals For Manches in Three Weeks

The firm’s latest deal involved advising Musicunsigned Ltd (www.musicunsigned.com) – the internet company which promotes unsigned artists via the web – on a venture capital deal with a private investor. The internet deals from the previous fortnight involved Marks & Spencer and Moss Bros. “We have seen an explosion of Internet business this autumn,” says […]

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