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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

Mears faction strikes out at split society proposals

CHANCERY Lane’s warring factions are presenting a united front against a campaign to split the Law Society into two. Martin Mears, the Law Society president, and his deputy Robert Sayer, have distanced themselves from the new Solicitors’ Association Steering Group which wants to split the society’s representative and regulatory functions. While expressing sympathy for the […]

Diamonds heist claim

British Airways is facing a High Court battle over three bags of diamonds which went missing. Nine diamond forwarders, from Israel, Bombay and Antwerp, and the diamond owners, from Antwerp and Israel, are suing BA for £1,044,623 plus interest. The High Court writ claims two airport employees stole the diamonds while loading them on to […]

Scotland to woo the world with glossy marketing move

SCOTTISH lawyers have stolen a march on their English and Welsh rivals by producing a glossy brochure designed to drum up work from foreign businesses at the American Bar Association Conference, which will be held next month. The Faculty of Advocates and the Law Society of Scotland joined forces to publish the 12-page brochure, called […]

In brief: From Leeds United kop to boardroom

Peter McCormick of Leeds-based firm McCormicks has been appointed to the board of Leeds United Football Club, as non-executive director of Leeds United Holdings. McCormick said: “I have followed the Club since I was a small boy. I have enjoyed doing the legal work and it is a very proud moment for me to complete […]

Ex-Baileys partner sues for breach of contract

TWENTY partners at the London firm Baileys Shaw & Gillett are being sued for breach of contract by a former salaried partner. In a statement of claim lodged at the Central London County Court, Pauline Walker accused the firm of breaching the employment severance arrangements that she had been agreed with the partners. She is […]

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