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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

City lawyer's Japanese role

Barrister Andrew Fitch-Holland has been appointed executive director and general counsel at Sumitomo Finance International (SFI), a subsidiary of Japanese-owned Sumitomo Bank. Fitch-Holland has worked in the City for the last eight years, most recently as legal adviser to the debt and derivatives trading group at ING Barings. Sumitomo has been building up its SFI […]

In brief: LCD consults on immunity against costs

The Lord Chancellor’s Department has published a consultation document considering the provisions on awards of costs against magistrates and other officials such as coroners. The move follows a number of recent cases in which costs have been awarded against magistrates, and concern has been expressed that they could, in theory, be asked to pay. The […]

Protesting lawyer wins fight over arrest

A solicitor has received a full apology and damages from Hampshire Police after she was unlawfully arrested at an anti-motorway demonstration at Twyford Down. Kathryn Tulip, 37, a solicitor at the Kilburn, London, law firm Daniel and Harris, was awarded £8,000 by Winchester County Court after the police admitted illegal arrest and false imprisonment. Tulip […]

The big issue of small claims

“The outcome of this case has more meaning to the plaintiff than a sum of money, because the defendants claim to have been entitled to dismiss her summarily because she is alleged to have smacked a child.” The judge added: “What school is likely to employ her in the future in the light of that […]

Contact counts for counsel

Contrary to the saying, mounties do not always get their man. But when they do, responsibility for prosecution passes to Canada’s provincial attorney generals. In British Columbia, prosecutors are termed crown counsel and are civil servants in the attorney general’s department. Unlike English Crown Prosecution Service lawyers, crown counsel have full rights of audience in […]

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