Commercial bar in crisis as work dries up

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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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Legal aid by legislation not LCD discretion

Last week, we devoted a large part of The Lawyer to a direct plea to the Government to reconsider its proposals that we, and now it seems many Labour backbenchers believe will prevent many gaining access to justice – ironically, the name of the very Act that is supposed to improve the public’s chances of […]

Govt to replace clause one

The Government is planning to replace clause one of the Access to Justice Bill with a “vague” new objectives clause which does not guarantee equal access to justice, The Lawyer can reveal. The Government plans to scrap the clause as the Bill goes through its Committee stage in the Commons and insert a new one, […]

Freshfields boosts Paris office with London heavyweight.

Freshfields is to boost its corporate practice in Paris by flying in a heavyweight from its London office. Gavin Darlington, the former head of the corporate department, is to move to Paris on 1 May. A spokeswoman for the firm says Darlington’s move is designed to underline the importance of continental Europe in developing the […]

SIF contributions to stay high

The Solicitor’s Indemnity Fund (SIF) wants lawyers to pay £242m in contributions next year – just £2m less than last year – despite seeing a 15 per cent drop in notifications in 1997/98. SIF chairman, Peter Williamson, says that despite signs of a declining trend in claims in recent years, the unknown impacts of the […]

Charting the new legal landscape

THE age of the global law firm is dawning. Just as US firms moved into Europe, so the major players in the UK realise that they must start an invasion of the US if they want a slice of the global market place. The rewards could be phenomenal, but there are risks. It is uncharted […]

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