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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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Brief

Judges are neither lenient “liberal pinkos” nor “bloodthirsty old men” handing out draconian sentences, declared Lord Bingham at his first press conference as Lord Chief Justice. The country’s most senior criminal judge, explaining his opposition to the extension of mandatory sentences as proposed by Home Secretary Michael Howard, said: “I don’t adhere to the view […]

A helping hand for the disabled

The problems and frustrations that arise when the law is called in to help those who cannot help themselves have seldom been better illustrated than in a recent High Court action. And one message comes from the winning legal team – lawyers who fight for the needs of the ill and disabled must be tough […]

In brief: Legal help comes to the campus

South Wales firm Hugh James claims to be the first in the country to launch free campus-based legal advice clinics for students and college staff in two South Wales colleges. But business has not been brisk at the first clinic that started at the beginning of the academic year, at Merthyr Tydfil College, which has […]

Flotations

Memery Crystal acted for Recruitment Exchange on its admission to trading on the OFEX. The company is capitalised at £1.69 million. Memery Crystal also acted for Ellis & Partners

Firms to pay more after SIF blunder

Firms will be asked to pay 7.5 per cent more to the Solicitors Indemnity Fund (SIF) this year than the original contribution asked for in August, following an embarrassing blunder by SIF staff. SIF chair Andrew Kennedy has admitted that its calculations failed to take into account extra discounts for low-risk work. He said they […]

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