:B&M partners face $3.5m damages bill

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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 […]

Recommended

US cuts study time

The state of New York’s Court of Appeal has approved new Bar admission rules which allow foreign lawyers to take the Bar examination after only one year studying American law, rather than three as before. The new rules also reduce the required number of hours of training. The changes take effect from 27 May.

Wizards of Oz

Leading Australian law firm Freehill Hollingdale & Page has been ranked top dog of legal advisers to Australian mergers and acquisitions in 1997 – just pipping rival Allens Arthur Robinson. The firm advised on the three largest completed deals of the year – the privatisation of Loy Yang A Power Station, the acquisition of Advance […]

Make the profession an attractive option

The Lawyer’s finding that 39 per cent of trainee solicitors want to leave the profession is an alarming statistic. Years of debt and pressure have taken their toll on these individuals and there is little support for their position in many firms. Having fought against the odds for a place (Birmingham law firm Wragge & […]

Modernisation of Justice Bill may be delayed

THE LORD Chancellor Lord Irvine’s proposals to “modernise justice” by introducing block legal aid contracts, a public interest fund and tightening up the legal aid merits test, may have to be delayed for a year . The Lawyer understands that the Lord Chancellor’s Department is battling to get its planned Modernisation of Justice Bill included […]

Multi-purpose law firms

I was interested to read Clive Parritt’s article (The Lawyer, 24 March 1998). In some cases I agree with his views. “Horses for courses” is often the best basis for choosing a lawyer – or an accountant. This does, however, presuppose that the client has started by consulting a general practitioner who then selects an […]

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