Blackstone seals Government victory in age discrimination case

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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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Herbies picks up Bank of Scotland loan facility work

Herbert Smith advised Bank of Scotland on a $300m (£206.13m) loan facility to oil and gas exploration and production company Dana Petroleum. The company will use the money to purchase Toronto Stock Exchange-listed oil and gas exploration and ­production company Bow Valley, which focuses mainly on the UK North Sea. Herbert Smith banking partner Jason […]

US quartet advise on $41bn Merck buyout

A quartet of US firms has won lead roles on Merck’s $41bn acquisition of pharmaceuticals rival Schering-Plough. Fried Frank Harris Shriver & Jacobson partners David Shine, Philip Richter, William Reindel and Damian Ridealgh led a team advising Merck on the deal. Wachtell Lipton Rosen & Katz partner Andy Brownstein advised Schering-Plough. Merck is a longstanding […]

Addleshaws recruits DLA Piper partner for regulatory strategy

Addleshaw Goddard has bulked up its financial regulation group with the lateral hire of a partner from DLA Piper. John Ahern is set to join Addleshaws just as the firm finalises the departures of 19 partners from its ranks. In January the firm announced that it was trimming its partnership after deciding it had too […]

Ashurst settles on new corporate chief

Ashurst has selected private equity partner Stephen Lloyd as managing partner of its corporate practice. He replaces Roger Finbow, who is due to retire at the end of the year. Finbow has been a partner at Ashurst since 1985 and corporate managing partner for five years. He announced that he was going to stand down […]

Orrick puts brakes on Middle East launch

Orrick Herrington & Sutcliffe has backtracked on plans to open an office in the Middle East as a result of the bleak economic ­outlook for the region. Last year (15 December) The Lawyer reported that the US firm had underscored its commitment to the Middle East and was exploring opportunities for a dual assault in […]

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