Arbitration slammed as costly and slow

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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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Immigration rules cleared

Philip Barth’s article “All change on the form front” is partially incorrect as it suggests that the immigration rules change affecting applicants for extension of leave to remain has been fully implemented by the introduction of the proposed forms on 3 June. At least for the time being, the law in effect has not changed […]

Legal Aid. When legal aid starts to go by the board

The Lord Chancellor has displayed his usual Caledonian canniness in cutting back criminal legal aid. No-one would care if there were no solicitor to represent those accused and by definition guilty of some heinous or indeed petty crime. The assertion set out in last year’s Green Paper, that representation in criminal cases will “continue to […]

Limits to the prvilege defence

The Media enjoys lampooning judges as old fashioned and out of touch and many of the legal profession’s top names have had cause to fume over the exaggerated reporting of cases they presided over. This is especially true of Winchester Crown Court’s Judge Griffiths. However, unlike some of his colleagues, Griffiths struck back. He launched […]

Compensation payments cut

A DRAMATIC £750 cut in individual contributions to the Solicitors Compensation Fund is planned by the Law Society. Sole practitioners and City firms alike will welcome the move, which will provide the largest firms with a one-off windfall saving of up to half a million pounds. The body’s ruling council will be asked to approve […]

Challenge of the charter

In my article (The Lawyer 13 February) I asked what lessons were learned and what useful information was gained as a result of the Law Society’s December 1994 study into the use of a conveyancing quality mark in Northern Ireland. It also looked at successful conveyancing firms in this country. It would appear that no […]

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