Energy expert gets top ORR position

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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

Inquiry gives IR increased access to files

The Inland Revenue will have increased powers to gain access to tax advisers’ confidential files, following the Government inquiry led by Law Society ex-president Philip Ely. Accountants Pannell Kerr Forster says it is concerned that this may represent a “serious invasion of privacy”. The firm says that safeguards called for by Ely have not been […]

Trial date for Maxwell case

The Old Bailey trial of Kevin and Ian Maxwell, who are on trial along with Larry Trachtenberg and others, is scheduled to begin on 18 April next year. They face charges of theft and false accounting in connection with the multi-million pound fraud involving Daily Mirror pension funds. The case is expected to last several […]

EC directive could prompt insurance policy review

Lawrence Graham warns that the EC Directive on unfair terms in consumer contracts will lead to a wholesale review of standard private individuals’ insurance policies. The directive, which came into force on 31 December, applies to all contracts concluded between insurers and their clients. It will hit insurers hard, since other industry is already subject […]

Cripps takes on C&E work

South East firm Cripps Harries Hall has won the tender to act for the HM Customs and Excise (C&E) property portfolio in England and Wales. The firm will undertake mainly commercial property and related litigation work. The contract lasts until March 1998. The firm’s volume of work will increase in April 1996 as the C&E […]

No curbs on market entry

I write with reference to the letter from Miss Castle “Training cap is needed” in your edition of 14 February. The powers of the Law Society under the Solicitors Act relate to qualifications to be obtained by individuals. They are about standards to be achieved, not numbers who achieve those standards. If we were to […]

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