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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 […]

Recommended

Law Soc profits from students

The Law Society, which has recently raised LPC fees, is making a profit out of legal students – the ones who are least able to afford it, argues Nick Armstrong. Dr Nick Armstrong is a trainee at Irwin Mitchell, Sheffield, and the Chair of the TSG. The Trainee Solicitors Group’s (TSG) discovery that the Law […]

Challenge to tree preservation

The owner of Bicknor Wood, which covers 8.5 acres near Maidstone, is challenging a High Court decision upholding revocation of consent to fell trees, which had been made the subject of an earlier tree preservation order. The consent was revoked on the basis that because of the felling that had already taken place, the area […]

Booth forces Bar Council to back down over suspensions

LEGAL advice from Cherie Booth QC has forced the Bar Council into an embarrassing climbdown over its plans to suspend barristers who have requalified as solicitors. About 400 dual-qualified barristers were suspended on 1 May and told they must refer to themselves as “suspended from practice as a barrister as a result of becoming qualified […]

Herbert Smith abandons FirmControl

HERBERT Smith is replacing the Resolution Systems practice management system it bought in 1994 with a rival package produced by US company CMS Data. The firm began installing CMS Data’s Open system at the start of the year and has set an October deadline for its full installation. Herbert Smith was the first City firm […]

Over here – in partnership

Rivalry between US and UK law firms is giving way to co-operation and the formation of MNPs, says Richard Tyler. “There are some real awkward Americans out there,” remarks one senior partner of a UK firm. But with US firms like Cadwalader Wickersham & Taft and Weil Gotshal & Manges pioneering cross-cultural fertilisation as they […]

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