Forsytes consigned to history

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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

Litigators back Appeal reforms

Litigation lawyers have cautiously welcomed the Lord Chancellor, Lord Irvine’s announcement that appeals in civil cases could be heard by one or two senior judges rather than a full panel of three. Speaking at the Lord Mayor’s annual dinner for judges at Mansion House last Wednesday, Lord Irvine said that the change was part of […]

US firm shuts up shop after a year

US firm McKenna & Cuneo has closed down its London office only one year after it opened. National marketing director Norm Rubinstein said the 255-lawyer firm, known for its government contracting, litigation and environmental work, “had decided to consolidate resources in the Brussels office”. The London office was opened last year when the firm took […]

County court: the conspiracy goes on

Your item, “Open justice? Not in the county court” (The Lawyer, 14 July), was marred by one minor inaccuracy. The illustrative photograph is clearly of a magistrates’ court, not a county court, with the advocate talking to a lay bench. Not a district judge in sight! Are photographs of county courts forbidden? Yet more secrecy? […]

Ashursts balances PFI deal by avoiding banks

Ashurst Morris Crisp’s head of projects Mark Elsey (right), led a team advising UK Detention Services (UKDS), on avoiding bank financing for the construction and maintenance under the Private Finance Initiative (PFI) of a £55m prison at Agecroft in Salford. The deal is the first major PFI infrastructure deal not to bring in bank financiers, […]

Comment – Hawkish City regulators swoop on the wrong prey

It is easy to attack City regulators and their hard-pressed in-house lawyers. When big “irregularities” which could involve fraud emerge in companies, they face a stark choice – throw the book at those involved and spend hundreds of thousands of pounds trying to secure punishment, or publicly slap them on the wrists and leave well […]

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