Arrested development

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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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Olswang – UK 100

Turnover: £59.4m Profit per equity partner: £345,000 Equity spread: £150,000-£500,000 Net profit: £13.8m Profit margin: 23 per cent Salaried partner remuneration: £115,000-£200,000 Revenue per lawyer: £254,000 Revenue per partner: £803,000 Revenue per equity partner: £1,485,000 Cost per lawyer: £195,000 Profit per lawyer: £59,000 No of partners: 74 No of equity partners: 40 No of female […]

Cobbetts bolsters German team

Cobbetts has added to its commercial team with the lateral hire of a partner from German firm Busse & Miessen. Jan Becher will bolster Cobbetts’ German team, which operates across the firm’s three offices in Manchester, Birmingham and Leeds. He becomes Cobbetts’ 11th commercial partner and will be based in Birmingham. Becher has worked with […]

Irwin Mitchell – UK 100

Turnover: £91m Profit per equity partner: £485,000 Equity spread: £150,000-£550,000 Net profit: £23.2m Profit margin: 25 per cent Salaried partner remuneration: £75,000 Revenue per lawyer: £146,000 Revenue per partner: £1,096,000 Revenue per equity partner: £1,896,000 Cost per lawyer: £109,000 Profit per lawyer: £37,000 No of partners: 83 No of equity partners: 48 No of female […]

Separated at birth

Charles Martin, head of Macfarlanes’ international practice group, is of course a transactional lawyer extraordinaire. In his exalted position he takes responsibility for coordinating the firm’s relationships with foreign law firms and many of its major private equity and corporate clients. So his uncanny resemblance to Dr Strangelove’s General Buck Turgidson – the warmongering soldier […]

Hearsay

Which litigator at a top 10 City firm won a new client at a beauty parade for an arbitration despite admitting he’d never done one before?

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