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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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Donning the advocate's gown

Advocacy in the UK is set to undergo a sea change with the arrival of solicitor advocates, comments Paul Hampton In February 1994 the Law Society announced the names of 38 solicitors who had been granted extended rights of advocacy. Today nearly 300 of us have such rights and soon this number will rise to […]

Showdown over Bread Street votes

THE SUCCESSFUL candidate in last November’s alderman elections for the City ward of Bread Street will this week appeal against the Court of Aldermen’s refusal to ratify his election. Malcolm Matson, who won the election by 54 votes to 15, is arguing against Mr Justice Latham’s refusal to quash the decision. Nominated for alderman by […]

Firms look to stay Lloyd's trials in hope of settlement

Solicitors acting for Lloyd’s Names action groups whose court actions start in the next few months are applying for adjournments of their trials in order to await more details of the Lloyd’s Corporation’s £2.8 billion settlement plan. At least three action groups applied last week to adjourn, including the 1,250-member Wellington Names group, advised by […]

Bar conducts democracy shake-up

A BAR working party on democracy holds its first meeting this week amid rumblings of discontent among some barristers who accuse the ruling council of being unaccountable to its electorate. The working party, headed by treasurer Michael Blair, follows the Bar AGM in June when some members called for the meeting’s motions to be made […]

Firm ups its stakes in venture capital

MANCHESTER firm Addleshaw Sons & Latham has set up a pioneering unit to strengthen its expertise in the venture capital market. The section, headed by new partner Darryl Cooke, is one of only a handful of specialist venture capital units in the country. It will concentrate on advising both capital companies and their clients during […]

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