City firms scramble to offload office space as market drops

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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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Loan market turmoil sets parties scrambling to re-read the boilerplate

The last month’s upheavals in the credit markets are “seismic”. And with each new tectonic shift in the world’s financial map, lenders, borrowers, and agent banks have been closely re-reading the “boilerplate” provisions of the typical US credit agreement. The last month’s upheavals in the credit markets are “seismic”. And with each new tectonic shift […]

Partnerships: Age-old questions

The need to effectively manage the workforce is the most common justification given by firms for having a fixed retirement age. But, argues Peter McMaster, it is far from being watertight under current legislation. It has been unlawful to practice age discrimination against your partners since the Employment Equality (Age) Regulations came into effect in […]

Layton takes Clifford Chance corporate crown

Clifford Chance private equity partner Matthew Layton will today be voted into the post of global corporate head. Clifford Chance corporate crown” />Clifford Chance private equity partner Matthew Layton (pictured) will today be voted into the post of global corporate head. The election for the post was uncontested and held at short notice to find […]

SRA and Law Society face off over review

The Solicitors Regulation Authority has accused the Law Society of overstepping its remit by launching a review of the regulation of the profession. The Solicitors Regulation Authority (SRA) has accused the Law Society of overstepping its remit by launching a potentially dramatic review of the regulation of the legal profession. The Law Society publicly announced […]

Latham & Watkins poaches seven A&O Hong Kong partners

Latham & Watkins poaches seven A&O Hong Kong partners” />Allen & Overy (A&O) has lost a quarter of its Hong Kong office partners as seven corporate partners including its regional corporate head have defected to Latham & Watkins. The seven partners make up the majority of A&O’s corporate presence in Hong Kong and A&O fears […]

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