Akin Gump loses $1.1m negligence suit

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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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Herbies, McGrigors advise on Cairn’s India expansion

McGrigors and Herbert Smith have taken the lead roles to advise on a $1bn (£542.66m) financing facility for a Scottish oil and gas exploration and production company that will see the development of a massive Indian oil field. McGrigors advised Edinburgh-based Cairn Energy, which focuses its operations on South Asia, while Herbert Smith advised Royal […]

Sweet smell of success

A tale reached Tulkinghorn last week of Brown Rudnick and its plush West End offices. While on a visit last week one of Tulkinghorn’s scribes was fascinated to learn that the older part of the building boasts 17th century murals protected by English Heritage. A better story, however, came courtesy of London head Scott Burns, […]

House of Lords overturns groundbreaking Inntrepreneur competition verdict

The House of Lords has overturned a Court of Appeal decision directing breweries Courage and Inntrepreneur to pay a former publican damages for dictating the suppliers to his leased pubs. The decision today (18 July) in the long-running dispute, Inntrepreneur Pub Company (CPC) and others v Crehan, overturns the earlier decision in which the Court […]

Law Society seeks answers over Russia’s persecution of lawyers

Russia has changed dramatically since the days of the Soviet Union. However, some areas have made little progress, and among them is the rule of law. Although sensitive to criticism on the issue, the Russian establishment does not take kindly to those who seek to limit its power, and recent years have seen the disappearance […]

Goldman Sachs counsel joins Olympic team

The international general counsel of Goldman Sachs Terry Miller is joining the London 2012 Organising Committee for the Olympic Games as its new general counsel. Miller, who is in charge of Goldman Sachs’ legal team for Europe and Asia, will take up her role in October. She takes over from Charlie Wijeratna, who becomes director […]

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