Camerons rehouses insurance group

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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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Best-laid plans

The Swedish government’s plans to sell off the state’s stake in a range of industries were good news for lawyers. But the world economic crisis may have put paid to them. Having been buffeted by a series of economic storms over the past 20 years, the people of Sweden are used to scare stories surrounding […]

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Ashurst mid-year turnover up 7.5 per cent

Ashurst mid-year turnover up 7.5 per cent” />Ashurst has increased its turnover by 7.5 per cent this half-year compared to the same time last year. Ashurst’s revenue for the half-year is around £158m, which compares well to last half-year’s £147m but falls short of the stellar 25 per cent growth it had registered in the […]

Hitachi Data Systems dials up new Emea GC

Technology company Hitachi Data Systems has hired its new general counsel for Europe, the Middle East and Africa (Emea) from telecoms company Cable & Wireless. Don Hughes, who was formerly deputy head of legal for the Europe, Asia and US businesses of Cable & Wireless, will be responsible for managing Hitachi’s international legal team from […]

Legal Services Commission cuts 600 jobs

The Legal Services Commission (LSC), which runs the legal aid scheme, is to axe 600 jobs over the next three years. The commission said the job cuts, which will see LSC’s headcount reduce from 1,700 to 1,100 by 2011, is part of its bid to reshape its business support directorate. As part of the initiative, […]

UK mediators help clear Indian backlog

The Indian government has called on UK mediators as it attempts to clear a backlog of 29 million disputes that are clogging up its court system. It is expected that the move will allow UK lawyers to join India’s International Centre for Alternative Dispute Resolution (ICADR), taking India’s legal sector a step closer to liberalisation. […]

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