Chambers clerks. Clerks no more on barrowed time

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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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A plausible Case?

City firms will no doubt adopt a cynical stance over US practice White & Case’s bold move in the salary stakes. They will accuse it of having to resort to money to boost recruitment. And they will throw in a few questions about the staying power of US firms and how successful they can really […]

IBA women call for Net advantage

THE IBA’s new women lawyers group should have its own web site so women lawyers from all over the world can communicate with each other, according to its founder. Over 200 women lawyers gathered for lunch at the IBA conference in Berlin for the launch of the group, set up by Dianna Kempe, who has […]

Surveyed hackers snub law

Computer hackers do not fear the law, are seldom caught and rarely prosecuted, according to a new survey released by IT supplier Computacenter. The survey of 126 hackers revealed that 79 per cent of hackers believe tougher legislation would not be a significant deterrent and 62 per cent said more prosecutions would not stop them […]

UK lawyers to get US salaries

US firm White & Case is to pay New York-level salaries of around £45,000 to its newly-qualified lawyers in London as part of a recruitment drive. The move, which has raised eyebrows among City managing partners, will see the salaries of newly-qualified lawyers rocket from a median of £27,000 to £45,000, with subsequent incremental rises […]

Qualifying job standards

I read with interest the article in The Lawyer (15 October) headlined “Brains top the list of trainee requirements”. It saddens me that academic intelligence continues to rank as the most important requirement for selecting trainee solicitors when prospective candidates have so much more to offer. Having filled in numerous application forms this summer, I […]

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