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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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Averting culture clashes

Can the IBA succeed where European lawyers have failed on one of the legal profession’s most sensitive issues – rights of establishment? Encouraged by an IBA meeting in Budapest at which lawyers from Central and Eastern Europe expressed concern about the number of foreign lawyers arriving in their midst, the IBA decided in June 1993 […]

Families feel law is 'hostile and threatening' says report

Children and their families find the way the law operates hostile and threatening rather than supportive, according to a major report to be published on 23 October. The National Commission of Inquiry into the Prevention of Child Abuse will call for radical changes in the law and the way the profession practises and implements it. […]

Lovells wins role in Student Loan company sell-off

Lovell White Durrant has been appointed to advise the Department of Education and Employment on the controversial privatisation of the student loan scheme. The department wants to sell part of the £2bn student loan portfolio and contract out the administrative work of the Students Loan Company, which handles the accounts of 1.3 million students and […]

Flotations

Moorhead James acted for Oriental Restaurant Group on its admission to the official list of the London Stock Exchange and the related placing

In brief: Foot & Bowden expanding eastwards

Plymouth-based firm Foot & Bowden is expanding to the east of Devon with a takeover of the Exeter office of five-partner Burd Pearse. The 25-partner firm of Foot & Bowden will keep on Burd Pearse’s two Exeter lawyers, partner Simon Gregory and assistant Michael Gay, and most of Burd Pearse’s Exeter administration staff. The remaining […]

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