FSA and industry define RSP credo

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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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James Ellington: Standard Chartered

A recent reshuffle has extended Standard Chartered group head of legal James Ellington’s remit. But he’s relishing the challenge. By Julia Berris It has been a busy six months for group head of legal at Standard Chartered Bank James Ellington. After taking over from David Brimacombe, who moved to Standard Chartered’s Dubai office to head […]

Russell-Cooke turnover in 11 per cent jump

LONDON-based Russell-Cooke has posted an 11 per cent rise in turnover to £23.7m for the last financial year, which ended on 30 June. Average profit per equity partner at the all-equity firm stood at £220,000, while net profit was £9.2m, a margin of 38 per cent. This is the first time Russell-Cooke has publicly reported […]

Eversheds rescues Kwik Save in nine-hour race against the clock

EVERSHEDS, North West firm DWF and Linklaters have all acted in an against-the clock bid to save supermarket chain Kwik Save from collapse. Eversheds advised KPMG’s business rescue team – members of which were appointed as administrators after advising Kwik Save on its restructuring – in a scheme to relaunch the company under new brand […]

Shambo to be put down following Court of Appeal ruling

11KBW has won a Court of Appeal ruling that gives the Welsh Assembly the right to have the ‘sacred’ bullock Shambo slaughtered. Yesterday (23 July) three appeal judges, led by Lord Justice Pill, took three hours to hand down their judgment, which refused to delay Shambo’s death sentence any longer. The Hindu temple bullock, which […]

Legal recruiter joins asb law

Justin Ede, the founder and director of legal search company Carrington Legal, has joined asb law as head of its commercial litigation practice. Ede, who will report to head of dispute resolution Richard Mumford, will be the fifth partner in the practice and will head a team of 12 lawyers. He will also remain as […]

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