Burges Salmon staff cull continues

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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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14

Eversheds heads effort to increase diversity

Eversheds has teamed up with City rivals and three recruitment firms to tackle the issue of diversity in legal recruitment. Caroline Wilson The initiative, spearheaded by Eversheds, will see 11 firms work with recruiters First Counsel, Taylor Root and Shilton Sharpe Quarry to gather diversity statistics so as to monitor access to the UK legal […]

Opinion: The true cost of legal regulation

Can I set out some facts about the recently reported comments on the financial impact of the new regulatory regime? David Edmonds First, Parliament, in establishing the Legal Services Board (LSB) and the Office for Legal Complaints (OLC), decided that approved regulators (ARs) would meet both the set-up and ongoing running costs. Given the significant […]

Travers’ chief-to-be takes Indian sabbatical

Travers Smith’s incoming managing partner Andrew Lilley, who takes over from Chris Carroll in January, will take a five-week break during October and November to work at Ashray Akrutia, a school for the deaf in India. Adopt A Business, a UK company that organises sabbaticals for professionals, arranged the sabbatical for Lilley, who will apply […]

21

Henderson Chambers helps BVC student win better grades from Cardiff Uni

London set Henderson Chambers has won a High Court battle for a law student who refused to accept the low marks Cardiff University gave her for the Bar Vocational Course (BVC). Student Alice Clarke, who instructed Henderson barrister Patrick Green via the Bar Pro Bono Unit, took Cardiff University to the High Court to force […]

SRA accedes to Law Society demands with London launch

The incoming chair of the Solicitors Regulation Authority (SRA) board Charles Plant has vowed to heal rifts between the ­regulator and the City by opening a London office. Charles Plant Speaking exclusively to The Lawyer Plant conceded that “many City firms have issues” with the SRA, adding: “It’s important that the SRA should soon establish a presence in […]

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