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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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All change in Kazakhstan

US firm Squire Sanders & Dempsey has pulled out of Kazakhstan after less than two years, at a time when US firm Morgan Lewis & Bockius is setting up connections in the resource-rich country. Squire Sanders made its move after deciding the “near-time prospects for that practice” were not strong enough, said former London co-ordinator […]

Litigation Writs 27/08/96

An Austrian insurance company is suing a Northumberland woman for damages after she took a car without consent and crashed it in Austria. The writ has been issued by insurance company Erste Allgemeine Versicherungs SA, of Graz, which seeks £4,479 compensation it says it paid out after the crash. The writ says Lisa Smouth destroyed […]

Law Soc goes back to the drawing board on leaflets

ONE HUNDRED thousand Law Society public advice leaflets on how to instruct solicitors, which caused a storm of protest over their constant reference to costs, are to be pulped and rewritten at a cost of thousands of pounds. Controversy surrounding the leaflets, ‘Working with your solicitor’, flared up shortly before the Law Society’s elections when […]

In brief: Franchise ace moves to Pinsent Curtis

Pinsent Curtis has poached top franchise lawyer John Chambers (right) from the Norwich office of Eversheds. Pinsent Curtis says his arrival as an associate means it can boast 40 per cent of all new franchise work in the UK. Chambers, 41, qualified eight years ago after a career in business. He is the third franchise […]

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