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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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The Lawyer: new look for the millennium

THIS week The Lawyer has a new look as it continues to build upon its status as “The newspaper for the legal profession”. An expanded two-page City section and a new comment and analysis spread with regular columns from leading legal figures are among the changes which have been introduced. The international page has been […]

Offshore addition

Due to a typesetters error, the piece by Michael Betley, a partner at Wedlake Bell McKean, on page 29 of The Lawyer, 31 March, should conclude: “But it is unlikely to come into force this year because the consultative process has unearthed practical problems which have not yet been fully addressed.”

Leading US firms in search of UK suitors

Leading firms in Washington DC and New York have put themselves up for sale with an eye to attract UK firms in a “merger of equals”, states a Washington-based legal search firm. Klein Landau & Romm’s Garry Klein said two profitable Washington DC practices had entered the market after their senior partners conducted a review […]

Liability of landlords for noise

Judgment is pending in a case which will centre on landlords’ liability in respect of noise nuisance. Lord Justices Peter Gibson, Schiemann and Mantell have reserved judgment in an appeal in which London Borough of Southwark is challenging a ruling by Mr Justice Laddie, upholding an arbitrator’s decision that the council was in breach of […]

MPs seek details of CPS' use of advisers for Glidewell response

THE PUBLIC accounts committee has asked for more information on the Crown Prosecution Service’s (CPS) use of outside advisers. The inquiry comes after The Lawyer’s report last week that the CPS had brought in consultants to help it respond to Sir Iain Glidewell’s review of the service. But the committee, which subjected Director of Public […]

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