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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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Orrick in West Coast merger bid for Venture Law Group

Orrick Herrington & Sutcliffe is in talks with West Coast technology firm Venture Law Group (VLG) about a possible takeover. It is understood that the talks, which could mean a full takeover or laterally hiring a substantial number of lawyers, are at an early stage. They have had a referral relationship since 1999, within which […]

Lord Irvine signals end for Queen’s Counsel

The Lord Chancellor last week indicated that he will be swapping the silks system for a quality mark set up by the barristers’ profession. The surprise concession by Lord Irvine follows his recent decision to appoint more silks than ever before. The Office of Fair Trading concluded in 2001 that it was “hard to see” […]

Former Arthur Andersen head unveiled as Clifford Chance US COO

Arthur Andersen’s former head of North America has resurfaced at Clifford Chance as the firm’s new US chief operating officer. Terry Hatchett, who was a partner at Andersen’s for 34 years until its catastrophic end, will work closely with John Carroll, CC’s managing partner of the Americas region as well as the practice area leaders […]

Earth to Lightman

Chris Owen on why the bar is baffled by Mr Justice Lightman’s recent attack on the legal profession Mr Justice Lightman’s recent savaging of the legal profession demands a response. His views were not all bad – he did have three good things to say: about alternative dispute resolution (ADR), the Woolf reforms and human […]

Milbank nabs Clifford Chance IP litigator

Milbank Tweed Hadley & McCloy’s London office is branching out into intellectual property litigation after taking on a highly-rated Clifford Chance (CC) partner. David Perkins, 59, who retired from Clifford Chance on 30 April, is the second magic circle lateral Milbank Tweed has scooped this year. The firm scored a coup by taking on Freshfields […]

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