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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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AIJA sets agenda

Secrecy in Swiss banking and confronting the problems of corruption are the opening topics for debate at the annual congress of the International Association of Young Lawyers (AIJA) in Montreux, Switzerland, this August. Other planned seminar topics will centre around sponsorship and sports law with sessions on trade mark licensing, broadcasting rights, restrictions on circulation […]

Weil Gotshal limbers up for all-out assault on City firms

The fourth largest law firm in the US, Weil Gotshal & Manges, is planning to more than triple the size of its London office over the next few years, bringing its strength to about 100 lawyers by the year 2000. The expansion plans are among the most ambitious drawn up by a US firm operating […]

Thumbs up for African court

The International Bar Association has agreed to back the formation of an African Court of Human Rights, to act where African state courts have failed. Nutifafa Kuenyehia, past-president of the Ghanian Bar Association, who proposed the motion at the IBA Council’s Madrid meeting on 1 June, said: “The idea for this court came from law […]

Contemporary Acts of Charity

Part I of the Charities Act 1992 introduced a detailed statutory framework for the maintenance of accounting records by charities, requiring them to prepare and file annual accounts, reports and returns. This framework is now found in Part IV of the Charities Act 1993 and came into force on 1 March 1996. The introduction of […]

In brief: Survey reveals people don't want to move

A survey of 30 City law firms has revealed why candidates turn down offers of alternative positions in private practices. Legal recruitment consultants Laurence Simons International discovered 80 per cent of candidates, when offered alternative positions, did not want to move from their present position, 17 per cent refused because they had already accepted alternative […]

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