FSA is set to become too powerful

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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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In brief: Cameron McKenna and CGU Insurance

Cameron McKenna and CGU Insurance. In last week’s issue we stated that CGU Insurance had removed Cameron McKenna from its panel. We also stated that Camerons recently failed to get on the panel of another leading insurance firm. We now understand both statements to be untrue and without foundation. While Camerons has worked and continues […]

The firm

The Lawyer: Can we talk about The Firm’s commitment to pro bono? Mr Pratchard: Pro bono? Isn’t that one of Henderson’s Sicilian clients? The Lawyer: No, it’s Latin. It means work for which you don’t get paid. Mr Pratchard: Someone’s not been paying us? We’ll sue the pants off them! The Lawyer: No, I mean […]

In brief: The Law Society

The Law Society says it is attempting to persuade the Chinese authorities to relax their stance on allowing Chinese lawyers into English firms based in China. Herbert Smith and Holman Fenwick & Willan are the latest UK firms licensed to practise in China. Part of China’s bid to join the World Trade Organisation (WTO) involves […]

Minter Ellison poaches ten Deacons partners

Australian firm Minter Ellison has poached the bulk of Deacons Graham & Jones’ Canberra office to create the biggest non-government practice in the capital. All ten Deacons’ partners have voted to join Minters. Offers have been made to the 90 legal and support staff also based in the office. The personnel will join Minters’ four […]

Pro bono: elementary to education

Pro bono is viewed variously by lawyers as an altruistic sacrifice, good PR, or as building stronger links between the legal profession and the community. It is viewed by the Government as complementary to an efficient and fair system of justice, the same way as it views the relationship between government expenditure and lottery funding. […]

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