Cobbetts in Brussels alliance

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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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CC’s Wrigley takes pay cut to smooth over Italian unrest

Clifford Chance dumps additional units in favour of a pure lockstep in Italy Clifford Chance is finally drawing a line under its turbulent off-lockstep past in Italy after negotiating a new remuneration package with managing partner Nick Wrigley. The deal, which has just been signed, will see Wrigley lose out on gross income of between […]

Law Soc to pay council members

The Law Society has committted £300,000 to fund allowances for its council members, the majority of whom are senior solicitors with comfortable incomes. Council members have never been given an allowance before, although they have been able to claim expenses for Law Society activities. Each of the 100 council members will now be paid £3,000 […]

Watson Farley Paris departures up profits

In an ironic twist, the departure of Watson Farley & Williams’ Paris office to Orrick Herrington & Sutcliffe has resulted in the UK firm posting a slight increase in profits for the last financial year. Profits per equity partner are up by 2.5 per cent on last year, hitting £357,000. However, revenue fell by 8 […]

Leader

The £220m sale and leaseback of the Inland Revenue and Customs & Excise property portfolio, known as the Steps deal, used to be a matter of pride for Lovells. The deal with Mapeley, on which it advised the Government, confirmed Lovells’ place at the cutting edge of the property outsourcing market. Three years on, it […]

Fried Frank partner defects to Kirkland

Fried Frank Harris Shriver & Jacobson has lost its second corporate partner to Kirkland & Ellis just weeks after talks with Ashurst Morris Crisp fell through. Thomas Christopher is joining Kirkland one month after Stephen Fraidin, one of Fried Frank’s most senior partners, left for the same firm. First revealed on www.thelawyer.com/lawyernews, 21 May

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