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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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Opinion

Recent law reports have included a surprising number of cases in which the judge has taken ‘airtime’ to criticise the expert witness. Judicial fulminations have concentrated much of the heat on questions of conflict of interest and independence.But the duties of expert witnesses are set out explicitly in guidelines issued both by the court and […]

Keeping a float

After a bumper 2000, last year was a tough time for IPO lawyers – except Linklaters. Caroline Davies reveals how the magic circle firm managed to put clear blue water between itself and its rivals What a difference a year or two makes. The first UK initial public offering (IPO) survey conducted by The Lawyer, […]

Zaiwalla & Co gives Saddam free advice

London firm Zaiwalla King is acting pro bono for the Iraqi foreign ministry to unfreeze its UK-based assets Name partner Sarosh Zaiwalla is arguing that Iraqi dictator Saddam Hussein needs these funds to pursue its claim to lift the UN sanctions before the International Court of Justice in The Hague.The Bank of England has already […]

Nicholsons' ten-year 'Homes for Votes' role is terminated

Nicholson Graham & Jones has ceased to act on the long-running ‘Homes for Votes’ scandal, 10 years after being first instructed by Dame Shirley Porter, the former member of Westminster City Council, to deal with the action.The council has recently issued a claim and is moving towards recovering millions of pounds against Porter and her […]

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Partner is granted early leave to join Howreys

Norton Rose has allowed competition partner Trevor Soames to cut short his gardening leave in order to join his new firm Howrey Simon Arnold & White Soames announced his intention to defect to Howreys last October to head the firm’s Brussels office.Under the terms of the partnership agreement, Norton Rose could have prevented Soames from […]

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