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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

Developing action in Wales

Birmingham-based developer Agecrest is claiming that Gwynedd Council is misusing its powers to block development plans for Black Rock Sands, Morfa Bycham, near Port Madoc. When the case reaches the High Court Agecrest will accuse the council of deliberate, dishonest and wrongful use of its powers to delay and frustrate attempts by Agecrest and others […]

Shoosmiths-Hambros alliance signals new conveyancing era

Shoosmiths & Harrison has forged a conveyancing alliance with Hambro Countrywide estate agents in a move which has dismayed high street practitioners. Under the arrangement between Shoosmiths and Hambros, the estate agents will offer in-house conveyancing to clients selling through its offices and advise buyers to go to Shoosmiths. Shoosmiths partner Roger Wilson is to […]

Arnheim & Co set for take off

Arthur Andersen may be the first big six accountant to move into legal services in the UK but Chris Arnheim likes to think it was he who kick- started the moves of the others. His story begins early in 1995 when he and fellow partner Richard Kemp began to tire of the Hammond Suddards London […]

US SEC concerns prompt PW to turn down deal work

Price Waterhouse’s European legal network hit its first problem with the US Securities and Exchange Commission (SEC) last month. Paul Downing, head of the network, has admitted that the firm had turned down the offer to do the legal work on a bond issue in the Netherlands two weeks ago because the audit engagement partner […]

Where openness is still a closed shop

Council members should closely scrutinise the fine print of a new document from the Law Society that is currently sitting on their desks. The Provision of Information to Council Members – Guidelines for Staff promises to create openness and is a response to the council’s resolution on the lack of disclosure by those involved in […]

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