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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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Venables takes on the BBC

Terry Venables is to take on the BBC in the High Court in a libel action over jokes DJ Simon Mayo made about him on the Radio One Breakfast Show. He is to seek damages and a ban on the BBC repeating the allegations. The jokes complained of were broadcast on 21 January this year […]

Nabarros loses threesome

Nabarro Nathanson has lost three of its nine construction partners in the past few weeks, including the head of the department, Martin Bridgewater, in the wake of a massive reorganisation of the firm. Bridgewater has stepped down as a partner and head of the construction group but remains with the firm on a consultancy basis. […]

US SEC concerns prompt PW to turn down deal work

Price Waterhouse’s European legal network hit its first problem with the US Securities and Exchange Commission (SEC) last month. Paul Downing, head of the network, has admitted that the firm had turned down the offer to do the legal work on a bond issue in the Netherlands two weeks ago because the audit engagement partner […]

Strategic council post

Chelmsford solicitor Gay Hollebon has been appointed assistant chief executive at the borough. His role will be to manage the council’s public relations and marketing, as well as to head a new strategy and programme management unit, with the task of over-seeing the council’s long-term strategy. Hollebon has been with the council for nine years.

No blow show in boxing match

When 1980s middleweight boxer Mark Kaylor and manager Terry Lawless squared up at London’s Royal Courts of Justice recently their towels were thrown in almost without a punch being thrown. The case, which had been expected to lift the lid on the fight game, ended up keeping it firmly in place. The Press had been […]

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