ECJ judge joins CMS Bureau Francis Lefebvre

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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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Law Society slams plans for UK ‘FBI’ agency

The Law Society has criticised government proposals to introduce an “FBI-style” agency to fight organised crime. The society says increased police powers, coupled with the Serious Organised Crime Agency – both announced in the Queen’s Speech this morning (23 November) – will compromise the liberty of the individual. Among potential developments which concern the Law […]

Law Soc faces £1m fine for complaints blunders

The Law Society could be fined £1m if it delivers another “inadequate” plan for complaints-handling. Legal Services Complaints Commissioner Zahida Manzoor last week said the society’s original plan contains “fundamental weaknesses” and has asked for a revised version by 6 December. Manzoor has the power to levy a fine of up to £1m if the […]

The work-life quiz

Robert Manning, senior partner, Fox Hayes What was your first ever job? As a temporary completions clerk during the summer vacation from university at Leeds Permanent Building Society. They were not impressed with me because I was too meticulous. What was your worst experience as a trainee? Within five minutes of starting the job, I […]

FSA swoops for CC’s Herrington

The Financial Services Authority (FSA) has appointed rated Clifford Chance investment funds partner Tim Herrington as the chairman of its Regulatory Decisions Committee. The former chairman of the committee Christoper Fitzgerald, an ex-Slaughter and May partner, resigned following the ‘Plumber’ scandal, in which the entrepreneur Paul Davidson’s appeal against a £750,000 fine for market abuse […]

Australia set to unify defamation legislation

Australia could introduce uniform national defamation laws after the country’s eight states and territories agreed earlier this month to support the development of new legislation. The claim comes after the states and territories unanimously voiced their support of a model bill for the laws proposed by the New South Wales government at a meeting of […]

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