Biddle makes a splash

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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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PFA's responsibility for DIY planes

A recent Appeal Court ruling has increased the responsibility on the PFA to regulate home-built aeroplanes, writes Roger Pearson. An estimated 35,000 people in the UK hold private pilots’ licences. Expense is a factor that drives many away from this pursuit, but for those with technical ability, increasingly, the home-built aeroplane has become a cost-cutting […]

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Ferris will herald a new era

Murdoch McKillop, president of the Society for Practitioners of Insolvency, responds to last week’s City Comment. Readers of last week’s “City Comment” might have thought that the opportunity for licensed insolvency practitioners had just passed. Apparently “the gravy train might be about to hit the buffers”. The public only believes in such a “gravy train” […]

Law Soc AGM opposes block contracting

THE Law Society’s AGM approved a resolution last week opposing exclusive block contracting for criminal legal aid work unless certain safeguards are introduced. The resolution, which was tabled by the Criminal Law Solicitors’ Association (CLSA), was passed unanimously by the meeting last Thursday. It says the Law Society should oppose any block contracting scheme unless […]

Quotes of the week

“I resigned from the partnership because of my promotion to the shadow cabinet – and if you for a second imply that it was because of this [hearing] I’ll sue the pants off you.” – Tory shadow cabinet member Gary Streeter, on the eve of his Solicitors Disciplinary Tribunal hearing, when asked by The Lawyer […]

Two more aviation specialists take off from 5 Bell Yard

Leading aviation set 5 Bell Yard has lost two more aviation specialists, bringing the number of departures this year to five. Andrew Lydiard joined rival set Brick Court Chambers last week while aviation specialist Philip Reed is joining Norton Rose’s commercial litigation team this week. In February Michael Crane QC and Akhil Shah went to […]

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