Firms line up for MFI rescue

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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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Tuckey LJ lines up 20 Essex Street role

Lord Justice Simon Tuckey is to join 20 Essex Street at the start of next year following his retirement from the bench in December. Tuckey LJ, who became a Lord Justice in 1998 and was previously a High Court judge in the Queen’s Bench Division, ;will ;join ;the ­chambers as an ­arbitrator. 20 Essex Street […]

Dame Hazel becomes dean of UCL law

Star professor Dame Hazel Genn has been appointed as the new dean of University College London’s (UCL) law faculty. Genn, who has embarked on a five-year term as dean of the faculty, used to be professor of socio-legal studies and co-director of the Centre for Empirical Legal Studies at UCL. The impressive roster of past […]

Divorce boom sees Manches add eight

Manches has ramped up its family practice in response to a rush of enquiries following the economic slump. The firm has hired eight associates in the last month, raising its fee-earning capacity from 34 to 41. Family partner James Stewart said the department was now the “largest family practice in England”. “It’s a terrible financial […]

Salans, McCarthy land Africa AIM job

Salans and McCarthy Tétrault have scooped choice mandates on a rare African AIM deal. Salans advised ­biofuel company BioEnergy Africa on its £41.5m listing on AIM, while McCarthy Tétrault picked up the lead role for the nominated adviser Canaccord Adams. The company’s ­initial project is based in ­Mozambique where it is ­developing more than 20,000 […]

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Addleshaws in Kray twins photo controversy

Addleshaw Goddard has sparked a row with its decision to exhibit a photograph of East End gangsters the Kray twins in its offices. The firm bought a selection of 36 prints by influential 1960s photographer David Bailey, including photos of Michael Caine, Mick Jagger and the Krays. But the photos have divided opinion among staff, […]

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