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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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Vlaemminck makes failed appeal on behalf of fruit seller in WTO v European law status

A Belgian boutique has been battling for the rights of a banana importer in his fight for the recognition of World Trade Organisation (WTO) rulings in Europe. Philippe Vlaemminck, managing partner of six-lawyer Ghent-based Vlaemminck & Partners, has been acting on cases concerning the trade of bananas and other fresh produce for more than 15 […]

Urgent Issues Task Force clears up Application Note G confusion

The ongoing saga of Application Note G (ANG) to FRS5 finally reached a conclusion on 10 March, when the Urgent Issues Task Force of the Accounting Standards Board (ASB) issued its conclusions on the cause of much legal market angst. The document, known as UITF Abstract 40, helps clarify the situation and confirms that a […]

Nauta’s life sciences team gains Derks star

Dutch giant Nauta Dutilh is ramping up its life sciences practice with the hire of CMS Derks Star Busmann partner Carla Schoonderbeek. Schoonderbeek was previously head of the life sciences group at Derks and co-chair of the European life sciences practice group of the CMS alliance. She is particularly known for European regulatory matters and is […]

Holman settles Exxon appeal for Brandywine

The 15-year saga of litigation ensuing from the Exxon Valdez oil spill has finally come to an end. A Holman Fenwick & Willan team, with counsel Christopher Butcher QC of 7 King’s Bench Walk, has successfully rebutted an appeal against its client, reinsurer Brandywine Re, by Equitas, exonerating it from liability for certain clean-up costs. […]

Bland, Digby-Bell gear up for election battle

Law Society ‘maverick’ Christopher Digby-Bell and the former national chair of Wragge & Co’s real estate group Gerald Bland are set to battle it out in the election for the Law Society’s commercial property seat. Ballot papers went out to constituents last Friday (18 March), with the election to be finalised on 15 April. Some […]

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