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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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Watchdog sounds 'no win no fee' ads alert

FIRMS are to be warned by the advertising watchdog against using the term “no win no fee” in advertisements. The Advertising Standards Authority is expected this week to tell firms they cannot use the popular term to promote conditional fees arrangements unless it is heavily qualified. The expected move has been welcomed by legal expenses […]

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 […]

Applying equality to the silks system

Women, yet again, are not making the grade. Or so the latest list of newly appointed Queen’s Counsels would have us believe. This year’s crop of silks reveals the same old story – four women are successful out of 40 applicants, representing a one in 10 chance of success if you’re a female. Males, on […]

News

Foreign lawyers in Poland have hired a PR firm to lobby the government to let them stay in business in the wake of a threat from local lawyers. The two branches of the Polish legal profession are proposing a law change which would effectively send foreign law firms home. In response to a request from […]

Litigation Writs 09/07/96

Boxer Lennox Lewis faces High Court breach of contract accusations. A writ has been issued against him and Frank Maloney by Products of Far East based in St Helier, Jersey. It claims damages for breach of a written contract dated 19 February 1991. The writ does not specify the nature of the contract at the […]

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