Blow for Shoosmiths as partners quit

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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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Higher PI awards for lower returns

Personal injury lawyers face a significant reassessment of claims following a landmark Lord’s ruling, writes Roger Pearson. The recent trend for Irish theme pubs will be at the centre of an important licensed industry dispute scheduled for the High Court in October. Mr Justice Collins gave Philip Cropley, director of leading West Country theme-pub chain, […]

In brief: Trowers restructures support in time for move

Trowers & Hamlins has appointed David Dixon, previously deputy chief financial officer for Pricewaterhouse Coopers Eastern Europe, as head of finance. Last month John Cooper, previously at Frere Cholmeley Bischoff, joined as head of information services and Gordon Taylor came from Cameron McKenna to head up the administration. The arrivals complete a restructuring of support […]

Slaughters makes hayS

For Slaughter and May partners the figures probably speak for themselves. The firm is far and away the most profitable in the country. But as jealous lawyers at other firms see the top partners tucking away close to £1m in the last financial year, dark mutterings about the firm’s non-investment in foreign offices are spreading. […]

Better the devil you know

If insurance companies are happy to offer extended coverage, why not for the first £1m in coverage currently offered by SIF? A left-wing wit once observed that the reason Margaret Thatcher won so many elections was because “at least you always knew where you were with her”. The Solicitors Indemnity Fund’s (SIF) survival beyond the […]

US firms in battle to increase profits

US firms are struggling to increase profits – even though their lawyers are working longer hours than ever before and at higher than ever charge-out rates. This was the finding of a survey of 483 US firms conducted by law firm management consultants Altman Weil. Average billable hours logged last year by partners rose to […]

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