Decree of confusion

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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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CC boosts Spanish office

Clifford Chance has recruited Jose Antonio Cainzos, the former head of Baker & McKenzie’s litigation department in Spain, as a partner in its Madrid office. Clifford Chance now has 65 lawyers in its Madrid and Barcelona offices.

Legal software vies for market share

MANCHESTER personal injury firm Alexander Harris has piloted a new case and practice management system, which has now been sold to London litigation firm Kennedys and launched on the legal marketplace. Altrincham-based computer supplier Jonathan Beck Associates (JBA) has been implementing its Carydan software at 28-fee earner firm Alexander Harris for the past three months, […]

Nominal £5 award against firm goes up to £125,000

A nominal High Court damages award of £5 against City law firm Macfarlanes has been increased by the Appeal Court to £125,000. The award to Titanic Investments stemmed from a claim over advice given by Macfarlane in respect of a £12m deal involving land at Waltham Chase, Twyford, near Winchester. Land owners Alan Godsal and […]

Corporate investors' risk costs will rise under SFA

Corporate investors at Lloyd’s are likely to see the costs of underwriting rise as the insurance market is brought under the direct supervision of the Financial Services Authority (FSA). The current draft of the Financial Services and Markets Bill gives extensive supervisory powers to the FSA over Lloyd’s, and the City regulator is likely to […]

Property

Gerald Bland at Herbert Smith acted for Standard Life in the pre-letting of its Focus West office development in Hammersmith to cosmetics company L’Oreal for u3m a year. L’Oreal was represented by Monica Blake at DJ Freeman.

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