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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

Breach of trust: AIB v Redler update

In AIB v Redler & Co, the Court of Appeal decided that, although solicitors had acted in breach of trust by failing to obtain a first legal charge against a property in favour of their client, losses were limited to the additional security that a first legal charge would have provided. In summary, AIB sought to recover its […]

The new Fair Deal: pensions requirements on public sector outsourcing

Public sector workers who are compulsorily transferred to an independent provider of public services will in future be able to retain access to their current public sector pension arrangements, the government has announced. Allen & Overy looks at the new policy and its implications for employers tendering for contracts to provide public services. The new […]

Searle

Moves 21 Oct

Move of the week Gunnercooke has hired four new partners. Tim Drake, Matthew Searle, Alistair Crellin and Peter Davis have joined the London office, founded in 2012. Drake was previously an equity partner at MJ Hudson. Searle has left his position as head of the corporate team at South West firm Adams and Remers. Crellin […]

Making assumptions makes for dangerous drafting

Many a young lawyer is taught early on that making assumptions is dangerous. The Buckingham Gateway litigation is a rare, but valuable, example of a party getting away with what could otherwise have been a very costly mistake in reliance upon incorrect assumptions. Crowborough Properties, a company owned by Mr and Mrs Kaushal, had borrowed […]

NATS

National Air Traffic Services AGC: Blue-sky thinker

Darren Riley, assistant GC at National Air Traffic Services, deals with everything from volcanic ash clouds to international airspace agreements Most general counsel do not find themselves in the somewhat tricky position of having to try to “get the whole world moving again”, as National Air Traffic Services (Nats) assistant general counsel Darren Riley did […]

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