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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: New senior partner for Manchester firm

Manchester law firm Kuit Steinart Levy & Co has appointed former president of the Manchester Law Society Nathan Marks as senior partner. His previous role of managing partner has been taken by company and commercial lawyer Bryan Bodek. Marks has been managing partner for 10 years, in which time the firm has increased from a […]

Mackay steps in on living wills report

THE LORD Chancellor has announced he will not implement a Law Commission report which took five years in the making. Although his department has not rejected the commission’s report on mental incapacity out of hand, a parliamentary answer by Lord Mackay last week suggested it would prove more controversial than anticipated. The report, published as […]

The Lawyer Inquiry: THE LAWYER INQUIRY:Denise Dowen

Denise Dowen was born in Walsall in 1965. She now lives in Newcastle where she is employed as an environmental lawyer with Dickinson Dees. What was your first job? My older brother’s paper round in return for ice creams. What was your first ever salary as a lawyer? I did it for love. What would […]

Not ready for finance advice

It seems a significant number of firms are taking to providing financial services advice and setting up departments manned by investment advisers. I read regularly of new firms moving into this area. While no-one can blame firms for looking at new business opportunities (indeed, they must be commended for their initiative), it is nonetheless a […]

In brief: Vice Chancellor's role is extended

The Vice-Chancellor Sir Richard Scott has been appointed head of civil justice by the Lord Chancellor. The decision to extend Sir Richard’s responsibilities to cover civil justice is in line with one of the recommendations of Lord Woolf’s interim report on reform in this area. Lord Mackay said: “As a senior serving judge, the Vice-Chancellor […]

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