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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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For the good of the law

This week the question of whether or not the compulsory minimum salary for trainees remains will be debated by the Law Society’s council. It is an issue which the profession should take a positive interest in and support trainees, otherwise it will find itself in the position that only those who can afford to subsidise […]

In brief: A&O New York recruits capital markets ace

Allen & Overy’s latest recruit is a US lawyer who will work in the firm’s New York office, one of its 15 international offices. Cathleen McLaughlin, an international capital markets specialist, is due to join the team of more than 30 US-qualified lawyers on June 2. McLaughlin previously worked as an associate at Sullivan & […]

Web Sites for wise legal eyes

British lawyers are better known for their sense of tradition than an uninhibited desire for the unknown. But an increasing number of firms are stripping off their suits to go surfing as they advertise their wares on the World Wide Web. Masons special adviser, author and ‘technoboffin’ Richard Susskind says the web has revolutionised the […]

Praise for LHCs

The benefits of Local Housing Companies (LHCs) still outweigh the alternatives, according to local government specialist Simon Randall. Randall, a partner at Lawrence Graham, said LHCs provide the perfect vehicle to regenerate urban housing under the Labour government’s planned £5bn release of unspent cash from homes sold under the right to buy scheme. The Government […]

Firms welcome PFI initiatives

Firms involved in Private Finance Initiative (PFI) projects have welcomed a succession of moves by the new Government to kickstart PFI, saying they are reassured by the speed with which Labour has acted. Since coming into power, the Government has announced a review of PFI, introduced a Bill to clarify the position of NHS trusts […]

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