A&O lures Simmons team for Abu Dhabi launch

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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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Squire Sanders shakes up Warsaw with Bakers raid

Baker & McKenzie and Squire Sanders & Dempsey have engaged in a tug of war over Bakers’ former managing partner Tom Ujejshi. Ujujshi, along with three partners and eight associates, is set to join Squire Sanders from Bakers at the start of July. Ujejski, who has been based in Bakers’ Warsaw office, will focus on […]

DWS teams up with Saudi firm for Riyadh launch

Denton Wilde Sapte (DWS) has launched its partnership in Saudi Arabia by joining forces with a local practice and scooping a Fulbright & Jaworski senior associate to head the office. Fulbright’s Amged Hussein will join the firm as it embarks on its new association with local lawyer Wael Abdulrahman Alissa. DWS managing partner Howard Morris […]

4

Weil Gotshal ups NQ pay to £90k

Weil Gotshal & Manges’ London associates now earn more than their counterparts in New York after a 20 per cent pay hike in London. The US-headquartered firm is now offering some of the most generous pay packets in the City with newly qualifieds (NQs) now receiving £90,000, representing a 20 per cent jump from £75,000. […]

SJ Berwin boosts turnover by 22 per cent and PEP by 10 per cent

SJ Berwin has announced a 10 per cent increase in profit per equity partner (PEP) and a turnover hike of 22 per cent. After the 2005-06 financial year results reported an astounding 27 per cent increase in turnover, this year’s figures represented another strong year, bringing the total to £189m, up from £155m. PEP rose […]

Taylor Wessing’s global turnover tops £160m

Taylor Wessing has revealed its finalised global figures for 2006-07, posting an increase in total revenue of 13 per cent to £161.1m. The firm’s global profitability was also up last year, with average profit per equity partner (PEP) breaking through £400,000 for the first time, hitting £435,000, and net profit up from £52m to £59m. […]

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