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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

Lawrence Graham partner flees

A top Lawrence Graham partner has resigned and left the country amid allegations of financial wrongdoing. Corporate partner Michael Fielding instructed Westminster firm Radcliffes to hand his resignation to the partnership after leaving the country a fortnight ago. It is understood that the partners of the firm were unaware he was intending to leave.But Lawrence […]

Glaxo to review panel

GlaxoSmithKline is carrying out a complete review of its outside law firms and will have a new panel by the end of the year. The pharmaceuticals giant, which was advised on its merger last year by Linklaters & Alliance and Slaughter and May, will send out invitations to tender in the next few months. Cynthia […]

Irvine takes over running of the HRA

The Lord Chancellor, Lord Irvine has taken over responsibility for a raft of legislation from the Government, including the Human Rights Act (HRA). A third ministerial post has been created to handle the Lord Chancellor’s Department’s additional work. The ministers involved are Baroness Scotland, Rosie Winterton and Michael Wills. The department was due to announce […]

Stephenson Harwood lands Caerphilly Council PFI work

Caerphilly County Borough Council has joined the public finance initiative (PFI) bandwagon and closed a £48m schools PFI project, the first in the area. After a two-year tender process, the contract to replace Lewis Boys Comprehensive School and Ysgol Gyfun Cwm Rhymni was awarded to Machrie.Stephenson Harwood advised Machrie – a consortium comprising Ballast, the […]

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