Forming unified opposition

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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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Litigation Writs 06/06/95

Norfolk sweet manufacturers Sultans has launched a damages claim after a batch of Turkish delight was turned into a Turkish disaster by a fire. Sultans of Burrell Way, Thetford, Norfolk, is suing JJ and JA Humphry who trade as Cross Country Carriers of Elm Drive, Hessett, Bury St Edmunds for more than £750,000 compensation after […]

Law Soc plans lay-dominated SCB

A BLUEPRINT to beef up the powers of a reformed Solicitors Complaints Bureau has been drawn up by the Law Society amid warnings that the profession will fragment if selfregulation is taken out of its hands. A stronger, arms-length, lay-dominated complaints handling agency with the power to fine offending solicitors and recommend changes to practice […]

UK set to get Russian staff

THE LAW Society has drawn up a shortlist of 40 Russian lawyers to vie for positions on its £250,000 UK-based placement programme. Funded by the European Commission’s Technical Assistance programme to the Commonwealth of Independent States (TACIS), the project deal was struck by the commission and the Brussels office of the Law Societies of England […]

Infotech for all

The main benefit from computerisation comes through the change in human behaviour which will result. People learn new skills, adopt new attitudes and make different – and better – use of their own resources of time, energy and commitment. The installation of technology is the means of enabling and requiring those changes to take place. […]

Kwelm creditors to have their say

Creditors of Kwelm, the biggest ever insurance industry collapse, are due to meet in London on 9 June. Kwelm, a group of five insolvent underwriting businesses once owned by London United Investments, collapsed owing an estimated $10 billion. The group specialised in underwriting mainly US risks, particularly in the professional indemnity, pollution and health hazard […]

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