Court of First Instance blocks BMG-Sony merger

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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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Yukos fails to stop Rosneft IPO but will appeal

Lawyers for Yukos have failed in their High Court bid to block the listing of Rosneft shares on the London Stock Exchange, and have immediately applied to the Court of Appeal. Matrix Chambers’ Clare Montgomery QC, instructed by Byrne & Partners litigation partner Nicola Boulton for Yukos, had had sought permission for a judicial review […]

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Reed Smith launches women’s career forum and sacks female blogger

Reed Smithhas launched a new initiative aimed at encouraging women’s careers just days after the firm came under fire for sacking IP partner Denise Howells in the US. Howells has become something of a legend in the US for pioneering law blogs in the US and coining the phrase “blawg”. Her blogs have championed the […]

Lombardis creates new senior roles

Italian litigation firm Lombardi Molinari e Associati has shaken up its partnership structure, creating two new positions for associates to aim for. Lombardis has introduced junior partners and senior associates posts for the first time. Seven associates have become junior partners, while the firm also bagged Freshfields Bruckhaus Deringer senior associate David Fontana to take […]

McGrigors recruits QC for regulatory push

McGrigors is making a rare hire from the bar as 18 Red Lion Court silk Jonathan Fisher joins the firm’s tax litigation and regulatory team. Fisher will start work at McGrigors in September, initially as an employed barrister but later as a partner when he requalifies as a solicitor. He will advise on business crime […]

US government case set to collapse after Enron boss death

The death of Enron’s former chairman and chief executive Kenneth Lay on 5 July has raised a difficult legal question – whether it will scuttle the US government’s $43.5m (£23.62m) forfeiture claim against him. And it is looking increasingly likely that the government will not like the answer. US lawyers have warned that Lay’s unexpected […]

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