Flying Fysh

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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

Brown Rudnick cuts three from London base

Brown Rudnick Berlack Israels has made two salaried partners and one associate redundant from its London office. The firm attributes the cuts to the technology downturn, which is one of its core areas, and it leaves the office with five partners and three associates.

A&O plans to double NY litigation

Allen & Overy (A&O) is pouring money into its New York litigation practice, which opened just two months ago, where it hopes to more than double the number of fee-earners from 10 to 25 by next spring. The department is headed by veteran trial lawyer Michael Feldberg, who joined from Schulte Roth & Zabel in […]

What a wheeze

Tulkinghorn applauds the efforts of Herbert Smith property guru David Taylor, who along with client Mark Glatman of Abstract Securities raised £100,000 for the Sick Children’s Trust after running the London Marathon last month (although ‘running’ may not be the most accurate description of Taylor’s amble over 26 miles). Tulkinghorn can reveal that young David’s […]

Chancery precision

Despite the minefield of high-profile cases the Chancery Division is involved in, it is admired across the world. Anthony Trace QC and Oliver Michell report Some incongruous images arise if one relies on Dickens’ famous satire of the suitors of the Court of Chancery for a description of the modern Chancery Division. “That most pestilent […]

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