Eversheds hit by claim over property deal

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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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Zurich cost-cutting sees global review of advisers

Insurer Zurich has launched a global review of its external legal services in a move to rationalise its legal spend and will form its first official panel of preferred advisers as part of the process. The review, which relates to the company’s corporate legal advisers and not its claims panel, which was reviewed in 2003, […]

Dechert hit with new partner departure

Dechert’s string of partner losses has lengthened further after another partner prepares to leave the firm. In an internal email circulated around Dechert late last week, the firm revealed that it had reached a mutual agreement with property partner Michael Hallowell over his departure. It is understood that a date for Hallowell’s last day at […]

I get a kick out of you

There’s nothing like a bit of team building and, as one magic circle firm recently discovered, softball can be nothing like a bit of team building. A group of lawyers was enjoying a spot of everyone’s favourite touchy-feely summertime sport when things suddenly got a little bit boisterous. Some hoity-toity partner kicked a poor associate, […]

Lester Aldridge breaks into London with takeover

Lester Aldridge will gain its first foothold in London after absorbing 200-year old property, commercial services and private client boutique Park Nelson. It is expected that seven of Park Nelson’s 11 partners will join Lester Aldridge, including three commercial property specialists, one private client and three commercial services partners. Several lawyers will relocate to Lester […]

Latham names new co-leaders of global banking

Latham & Watkins has reshuffled its global heads of banking, appointing recent Skadden Arps Slate Meagher & Flom recruit, Marc Hanrahan to one of the roles. Hanrahan, a leading banking lawyer in the US, will become global co-head of the Latham’s banking practice group along with Chicago-based banking partner David Crumbaugh. Hanrahan joined Latham earlier […]

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