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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

Alston & Bird completes NY takeover

Atlanta firm Alston & Bird is taking over New York-based boutique Walter Conston Alexander & Green. The move will give the 500-lawyer firm its first foothold in the city, as well as adding a liaison office in Munich. Walter Conston is a 21-partner, 45-lawyer firm with a client base focused on European pharmaceutical, media, technology […]

REAL ESTATE AND PROJECTS

CIT Group buys Alban Gate, 125 London Wall, from property company MEPC for £156m, with senior debt provided by Nationwide Building Society. CIT Group advised by Macfarlanes (Chris Field, David Sanders and Orla MacSherry). MEPC advised by Linklaters (Geoffrey Russell). Nationwide advised by Dechert (Patrick Gloyens).

NHSLA cuts legal panel

Weightmans, Kennedys and Ward Hadaway are all believed to have won work from the NHS Litigation Authority in its long-awaited panel review. Six other firms have been slashed in the shakeup. One such firm is Scrivenger Seabrook, which derives 90 per cent of its revenue from the panel work. see full story, page 2

Eversheds culls equity partners to hike profits

Eversheds is slicing an estimated 10 per cent of equity partners in an attempt to boost profitability. The figure represents 20 partners, of whom 10 will be taken out of equity and will drop down to fixed-share status, whereby a partner is effectively still self-employed but receives a fixed salary. The remainder will be asked […]

NHS hacks clinical negligence panel

The National Health Service is slashing at least six firms from its clinical negligence panel in a review of its legal services. It is believed that Trowers & Hamlins, Mills & Reeve, Scrivenger Seabrook, Le Brasseur J Tickle, Davies Arnold Cooper and Crutes are all taking part in an NHS Litigation Authority (NHSLA) debriefing process […]

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