'Barristers and solicitors to achieve parity of pay'

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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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Scots anger over fee hike

HOGMANAY heralds further outrage for Scottish lawyers and court users over additional rises in court fees, including a half-hourly fee rate for the High Court. Both the Law Society of Scotland and the Scottish Consumer Council will lobby MPs on what the latter describes as “a further erosion of the Scottish civil justice system”. The […]

Acquitted Scots partners slam 'groundless' fraud prosecution

TWO partners from the Scottish office of leading personal injury and trade union firm Robin Thompson & Partners were acquitted of fraud charges by the Edinburgh Sheriff’s court. Partners David Stevenson and Lawrence Lumsden had both denied accusations of overcharging other solicitors when recovering litigation costs after successful cases. The prosecution alleged they had overcharged […]

Corporate

Sturge Holdings, advised by Norton Rose, has introduced a new holding company Ockham Holdings, to be effected by means of a scheme of arrangement under S.425 of the Companies Act 1985. Financial adviser Samuel Montagu was advised by Herbert Smith.

Year and day rule review

ABOLITION of the year and a day rule should be put on the statute book as soon as possible, according to Law Commissioner Stephen Silber QC. Silber, responsible for criminal law, says the almost unanimous support to abolish the centuries-old law is proof of the need for swift action. A commission report says the rule […]

UK firms clean up

UK law firms are cleaning up in Europe and keeping the Americans at bay, a new report reveals. And City firms consistently hit the top of the charts in the ‘Financial lawyers on lawyers 1995′ report on clients’ favourite firms. Clifford Chance emerges as the dominant player world-wide, while Norton Rose provides the best level […]

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