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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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In brief: Select committee scrutinises Levitt trial

The role played by the law officers, SFO director George Staple and prosecution counsel in the Roger Levitt fraud trial comes under the spotlight when all leading counsel submit written evidence to the Treasury and Civil Service Select Committee this week. Submissions are expected from David Cocks QC, Levitt’s counsel Jonathan Goldberg QC, as well […]

Reports Find employers wise to sex equality laws

EMPLOYERS are now taking sex discrimination seriously and are increasingly aware of the pay-outs they face if they do not ensure equality for workers, the Equal Opportunities Commission (EOC) says. In her 1994 annual report EOC chair Kamlesh Bahl says the year marked “significant progress”, in the promotion of equality. She says the commission received […]

SJ Berwin report shows directors' shortcomings

Research co-sponsored by SJ Berwin reveals that company directors’ misunderstanding of their legal duties remains one of the key barriers to sustainable competitive success. The report, ‘Tomorrow’s company inquiry’ advocates the “inclusive approach”, as essential for successful companies. This entails building reciprocal relationships with all ‘stakeholders’ – employees, customers, suppliers and the community – in […]

Middle East group looks back on year of success

ASSISTANT under-secretary of state at the Foreign Office, Andrew Green, was guest speaker at the first anniversary event of the British Middle East Law Council (BMELC). Green, a former Ambassador to Syria, congratulated John Young, president of the council, and Ibrahim Kanaan, secretary general, on the energy and drive they have shown in establishing the […]

Aclec paper backs common training

SOLICITORS in London are to seek meetings with the Metropolitan Police to discuss problems they face representing clients held at stations. A newly-formed police liaison sub-committee of the London Criminal Courts Solicitors’ Association is now gathering complaints to raise with the force. Chair Colin Reynolds says most of the issues likely to be raised stem […]

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