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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

Redeployments, job shares, secondments spare 26 jobs

Blake Lapthorn, Clarke Willmott and Cobbetts have reduced the number of staff they are making redundant by a total of 26 through a combination of redeployments and client secondments. South East firm Blake Lapthorn launched a consultation with 43 members of staff in October, but has reduced the final number of redundancies by 10 after […]

Trethowans

Trethowans” />Growing in turnover, lawyers and determination, Trethowans has plans to expand during the ­downturn and become a major presence in the southern legal market. Managing partner Miles Brown oversees what he calls a “flexible” practice that has some major brands on its books, snapping them up from under the noses of larger firms and […]

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Leeds’ Lupton Fawcett takes over Fox Hayes

Leeds’ Lupton Fawcett is to acquire the entire commercial and private client business of local rival Fox Hayes, as it seeks to more than triple in size in three years. Lupton Fawcett takes over Fox Hayes” />Leeds firm Lupton Fawcett is to acquire the entire commercial and private client business of local rival Fox Hayes, […]

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Opinion: Post-Mumbai, India’s outsourcing bubble could burst

The terrorist attacks in Mumbai have cast a dark shadow over India’s status as the world’s largest offshore outsourcing ­location. Many of the world’s leading ­offshore outsourcing suppliers have their headquarters in Mumbai and many ­Western banks are located within the city. A spate of terror attacks in India over the past 10 years, culminating […]

Proposal for EU-wide class action law finds no favour with UK practitioners

UK lawyers have criticised a green paper from the European Commission that suggests EU member states should create a Europe-wide law on class actions. The report, called the ‘Green Paper on Consumer Collective Redress’, puts forward three broad proposals for addressing consumer class actions (see box). Introducing the green paper, Commissioner for Consumers Meglena Kuneva […]

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