Apil forms united Irish specialist group

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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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Scotland to woo the world with glossy marketing move

SCOTTISH lawyers have stolen a march on their English and Welsh rivals by producing a glossy brochure designed to drum up work from foreign businesses at the American Bar Association Conference, which will be held next month. The Faculty of Advocates and the Law Society of Scotland joined forces to publish the 12-page brochure, called […]

Nabarros' Twist tempted away by new role

Leeds firm Hammond Suddards has recruited Helena Twist from Nabarro Nathanson to fill its recently-formed post of director of legal development. The firm wanted someone to handle legal and management training of lawyers, development of library services and strategic planning of the progress of the firm’s legal services which was previously part of the development […]

In brief: Scots gain rights of confiscation

Scottish courts have new powers to confiscate property under the Proceeds of Crime (Scotland) Act 1995. The provisions, which came into force at the start of this month, allow Scottish courts to confiscate any property obtained through a serious criminal offence. Lord James Douglas-Hamilton MP, minister of state with responsibility for home affairs at the […]

Home is where the computer is

Among the barrage of tables and statistics in a recent survey from the Law Society – Trends in the Solicitors’ Profession, Annual Statistical Report 1995 – there is one sentence that stands out. “There has been little change in the structure of private practice. Growth in the number of firms was almost entirely accounted for […]

Eversheds staff to monitor each other

THE TWELVE regional offices and 715 solicitors of Eversheds are to regularly check each other’s response times to clients, quality of legal advice and conduct of case work in a bid to standardise procedures throughout the national firm. The firm, which has evolved from 12 separate regional practices, each with its own set of standards […]

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