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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

In brief: Liberty champions Balfour appeal

Civil rights group Liberty takes the case of Andrew Balfour to tribunal this week arguing that he was unfairly dismissed by the Foreign and Commonwealth Office. Central to the case is the debate over Public Interest Immunity Certificates which were signed by the Foreign Secretary and Home Secretary to prevent the disclosure of a number […]

Justice asks for separate review body

THE LONG-AWAITED review body for investigating miscarriages of justice begins its legislative journey amid fears that its independence could be compromised. Campaigning group Justice argues the Criminal Cases Review Commission, should have its own team of investigators rather than using police. Justice has also raised concerns that commission members will be appointed by the Government […]

Act forces greater role on solicitors

SOLICITORS who visit clients in police stations will have to make more trips, stay for longer, and take a “more pro-active role” when sections of the Criminal Justice and Public Order Act come into force early this year. And costs to the Legal Aid Board will increase “enormously” as a result, according to Mark Haslam, […]

Corporate

Sturge Holdings, advised by Norton Rose, has introduced a new holding company Ockham Holdings, to be effected by means of a scheme of arrangement under S.425 of the Companies Act 1985. Financial adviser Samuel Montagu was advised by Herbert Smith.

A glance askance that has paid off

The Law Society’s sideways look at other UK professions and how they are organised shows that the grass is not that much greener elsewhere. Most of the professions under scrutiny are being squeezed by increased external regulation and a more demanding public. Total self-regulation is a thing of the past – no profession is an […]

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