FFW shuns World Cup and embraces communism

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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 rising profile of the paralegal

Largely unnoticed, the paralegal profession has grown to 500,000 practitioners: 50,000 in the legal profession, the remainder spread throughout every other sector of the economy. Paralegals do work that a decade ago solicitors would have done. This change reflects: increased wealth in society; the explosive growth of regulation; the wholesale emigration of solicitors from areas […]

Hammonds wins Football League claim – but pays £4 damages

Hammonds has won the bulk of the £150m negligence claim brought against it by the Football League – but must pay £4 in damages for two minor breaches of duty. Mr Justice Rimer handed down judgment in the High Court this morning (23 June), and found that the Football League’s main claim had failed. Rimer […]

Freshfields, Camerons win Austrian Bank job

Freshfields Bruckhaus Deringer and CMS Cameron McKenna advised on the E650m (£443.3m) sale of all of Austrian bank Raiffeisen International’s shares in JSC Raiffeisenbank Ukraine to Hungarian bank OTP. JSC Raiffeisenbank has a balance sheet total of more than E1.2bn (£820m), and 39 branches. Freshfields Vienna partner Maria Pflügl advised Raiffeisen on both deals. Kiev-based […]

Web week 19/06/06

The Lawyer‘s Web Week is a weekly commentary on legal activity on the web. This includes an overview of the best of the week’s blogs. If you want to direct us to useful links, email webweek@thelawyer. com. Keeping up with the action Football and the web was a troublesome mix for trade union Amicus, which […]

Risk aversion

A spike in insurance premiums has led investors in Bermuda to favour a more flexible vehicle called a ‘sidecar’, which simplifies the relationship between reinsurer and investor. Charles Collis reports With the 2006 hurricane season already under way, many US property insurers are facing a severe shortage of reinsurance capacity and are seeing a consequent […]

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