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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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Collas Day advises on tidal energy project

Alderney Renewable Energy has instructed Channel Islands firm Collas Day to construct the world’s first legal ­framework for a commercial tidal power project in open water. Commercialisation of the island’s tidal energy will involve the creation of major power plants, with the firm putting together a series of agreements to govern the ­relationships between all […]

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Ex DLA Islamic finance head launches new firm

DLA’s former global head of Islamic finance Oliver Agha has set up a firm in the United Arab Emirates, establishing a non-exclusive relationship with Pillsbury. DLA Piper’s former global head of Islamic finance Oliver Agha has set up a firm in the United Arab Emirates, establishing a non-exclusive relationship with Pillsbury. Agha has formed the […]

US firms pin hopes on Obama

It is not often we get to say this, but last Tuesday history was made. BARACK OBAMA New administration tipped to rejuvenate legal market It is not often we get to say this, but last Tuesday history was made. For Pillsbury Winthrop chairman Jim ­Rishwain, the inauguration of President Barack Obama will go down as […]

Linklaters in High Court defending negligence claim

Linklaters in High Court defending negligence claim” />Former Linklaters partner Andrew Legg gave “careless and negligent advice” in a dispute between two telecoms companies, the High Court was told this week. The firm is appearing in the Royal Courts of Justice (RCJ) to defend a $55m (£39m) claim brought against it by Baltic telecoms company […]

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Ashurst plans to shed 15 secretarial jobs

Ashurst plans to shed 15 secretarial jobs” />Ashurst has launched a redundancy consultation that could see up to 15 secretaries lose their jobs. All of those affected are in the firm’s London office and are part of the firm’s evening and floating teams, which deal with overflow work. In a statement the firm said: “We’re […]

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