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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

Tax plan gets thumbs down

Details of deals should be sent to the City editor, Robert Lindsay. Please include all other law firms acting on deals and the value, where possible. Tax lawyers are expressing deep scepticism about Gordon Brown’s announcement in the Budget that he has instructed the Inland Revenue to “consider a general anti-avoidance rule”. The idea is […]

Eversheds switches focus to dispute management

National firm Eversheds has launched a dispute management service in a bid to convert its lawyers from court-based litigators to flexible dispute managers. Under the plans, all lawyers working for the firm will receive training in how to apply the new approach to their work. The move follows SJ Berwin & Co’s launch of its […]

NI solicitors win legal aid pay rise

Solicitors in Northern Ireland are celebrating an increase in taxation rates for legal aid cases, following a long and hard-fought battle to bring their rates of pay more into line with those in England. The High Court last month increased the hourly rate for legal aid taxation to £61.50 – a rise of 35 per […]

Council audits in-house cover

Chris Fogarty reports Westminster City Council has undertaken an audit of outside organisations that councillors and senior staff members belong to in a bid to ensure they are legally protected from liability claims. The council has issued a questionnaire to about 120 councillors and senior staff to uncover their involvement in companies, trusts and other […]

In brief: Dibbs' Liverpool office set to expand

Dibb Lupton Alsop’s Liverpool office is branching out into corporate recovery and mainstream defendant insurance work, as part of an office expansion programme. Insurance specialist Robert Muttock, corporate recovery lawyer Richard Drinkwater and professional indemnity specialist Andrew MacLeod have moved to Liverpool from the firm’s Manchester office. Dibbs has also recruited intellectual property specialist Julian […]

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