FSA warns insurers to control legal risk

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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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Keep it greasy

Sports lawyers are flocking back from the Olympics in their droves with war stories galore. Many have tales of drugs cheats they’ve busted or athletes they’ve advised or sponsored. The common denominator, though, seems to be sex. All those near-naked bodies glistening with sweat seem to have overwhelmed many of our learned friends. All returned […]

Abbey instigates wholesale reshuffle of advisers

Abbey National is pursuing a radical overhaul of its legal function despite the fact that the bank is the subject of an £8.75bn takeover by Banco Santander and is facing rival bids from other UK banks. The bank is tackling both its external advisers and its in-house legal function. Abbey has asked all its firms […]

Dream scheme

Solvent schemes of arrangement and other exit strategies are helping to keep London at the head of the insurance market, say Ian McKenna and Richard Gregorian One of the most significant issues for the London insurance market is how to deal with the myriad legal and regulatory issues which arise from the ‘run-off’ market. Run-off, […]

NLP: the scientific route to success

Neuro-linguistic programming can help you attain your goals, says Karen Clark Some individuals exude excellence and success throughout their lifetimes while others repeatedly experience what they perceive as failure, drifting through their working and non-working lives with little purpose or clear goals. Some teams and organisations are constantly meeting targets while maintaining excellent rates of […]

Bland quits Wragges after real estate clash

Wragges after real estate clash” />The national chairman of Wragge & Co’s real estate group Gerald Bland has quit following what some insiders have described as a year-long power struggle with the firm’s property head Adrian Bland. Gerald Bland, who joined Wragges from Herbert Smith in summer 2002 to launch the Birmingham firm’s London property […]

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