Class Actions

Collective redress, group litigation orders (GLOs)… however it is dressed up, it amounts to the same thing: class action. And it is an arena taking the legal profession by storm.

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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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Second tier is out to impress

Unusually, the group of firms below the big five – Ashurst, Herbert Smith, Lovells, Norton Rose and Simmons & Simmons – has already given indications of its financials. This is terribly convenient for us legal market anoraks, since even at this early stage in the reporting cycle we can start to make relatively informed observations. […]

Ashurst moves into Shearman’s building

Shearman & Sterling’s London office is to sublet half a floor to Ashurst. Ashurst will move around 50 staff across the road to Shearman’s Broadgate West offices on Appold Street in June. The sub-lease was signed in August 2007. The Broadgate West building already houses parts of Ashurst’s real estate, litigation and energy practices, but […]

DWF scraps new office plans due to credit crunch

DWF has put its expansion plans on hold, with the economic climate making office openings too costly. DWF managing partner Andrew Leaitherland told The Lawyer of his change of direction, which came after a number of merger overtures to firms in several markets outside its Leeds, Liverpool, Manchester and Preston bases. Leaitherland said: “I’ve looked […]

Gift aid

Organ donation is in the spotlight as the effects of the Human Tissue Act start to appear. Julie Austin reports on how the law has changed since the Nationwide Retained Organs Group litigation

Dundas & Wilson in landmark High Court pension win

The London office of Dundas & Wilson has won a High Court victory for the Pension Protection Fund (PPF) that will have wide-reaching implications for thousands of pensioners in insolvent companies. Sitting in the Chancery Division, Mr Justice David Richards found in favour of the PPF in a long-running case relating to asbestos producer Turner […]

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