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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

Litigation Recent Decisions 18/02/97

Deceased husband’s sperm ought not to have been stored without his written consent R v Human Fertilisation and Embryology Authority, Ex Parte Blood (1996) Summary: The Human Fertilisation and Embryology Act 1990 does not permit any storage of sperm for any purposes unless the donor’s consent has been obtained.

Surveillance prompts Commons debate

VETERAN Labour MP Tam Dalyell has tabled a parliamentary question to probe the extent to which lawyers are subjected to surveillance while interviewing defendants in prisons. Dalyell agreed to table the question following an approach by the criminal barrister Jonathan Goldberg QC, head of chambers at Three Temple Gardens, who has discovered that interviews between […]

No claim too huge for striking

If ever a case served as an argument for the profession to always carry out a full investigation into the possibility of successful striking out moves, it is the recent one involving top accountants Ernst & Young and BCCI. A massive $3.5bn (£2.2bn) claim against Ernst & Young by BCCI’s liquidators has been more than […]

Will the media circus make a clown of justice?

When lawyers representing murder suspect Tracie Andrews wanted to find new witnesses for their case they called a press conference. Although unusual, the move is part of a noticeable trend. Instead of remaining aloof from the media frenzy surrounding high-profile trials, defence solicitors nowadays join the fray. Mark Stephens, of Stephens Innocent, is well-known for […]

Irish government attacks A&L Goodbody on fees

A top ranking Irish law firm is refusing to reveal its hourly rates in a clash with the Government over the £3.19m it was awarded in legal fees following a tribunal lasting more than 200 days. A&L Goodbody was awarded the costs by the Taxing Master of the High Court for representing meat processing company […]

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