CC’s surprising redundancies

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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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Coca-Cola legal head takes GC role at William Grant

Whisky company William Grant & Sons has created a global general counsel role, hiring rated Coca-Cola Enterprises legal chief Eva Bishop to lead its new-look legal team. Bishop will join the company at the start of next year. The current head of legal, Andrew McLean, will stay on at William Grant & Sons under Bishop. […]

Fladgate

West End firm Fladgate showed its confidence for the future with the decision this year to into a new office for the first time in its 248-year history. It will take on an extra 10,000ft of space in Great Queen Street. With steady, if unspectacular, financial results for 2007/08, the firm has every reason to […]

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Sonnenschein makes second round of redundancies

Sonnenschein Nath & Rosenthal has laid off 24 lawyers as well as support staff in its second round of staff cuts this year. In a confidential email sent to the firm and seen by The Lawyer firmwide managing partner Elliott Portnoy (pictured) confirmed that the redundancies, which will see partners, associates and counsel lose their […]

Small is beautiful for Freshfields, but it isn’t enough to crack the US

The list of Freshfields’ referral firms makes for fascinating reading, says Julia Berris. Freshfields ;Bruckhaus Deringer’s New York presence is significantly smaller than those of its magic circle counterparts ­Clifford Chance and Linklaters. With just 73 lawyers the firm’s office is virtually dwarfed by ­Clifford Chance’s lawyer count of 370 and Linklaters’ 160. Small is […]

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