Girling: 'Firms should sell shares'

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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: Bankrupt Bryan owes Penningtons £10,000

John Bryan, former financial adviser to the Duchess of York, has been declared bankrupt, and owes £9,487 to City law firm Penningtons. A bankruptcy order issued at the High Court in London gave Bryan 21 days to detail bank accounts and other financial affairs to meet debts totalling £60,000.

after the event

“after the event” legal funding is a development that has caught the eye of both the legal profession and the Lord Chancellor’s Department. At a time when the Government is examining all options for funding and high costs exclude middle income earners from litigation, interest shown by insurance firms in the litigation market could offer […]

Call for law to stop building societies turning into banks

A former bank of England economist has called for new laws to prevent the UK’s few remaining building societies from being converted to banks. Rob Thomas, now a building society analyst for UBS, said the UK’s “treasured” mutually-owned building societies should be saved by laws to stop members enriching themselves on conversion to bank status. […]

The Lawyer Inquiry: Sophie Hughes

Sophie Hughes was born on 18 October, 1965 in Cardiff. She lives in Putney, London, and is a partner at Anthony Gold Lerman & Muirhead, specialising in family and matrimonial work. What was your first job? Selling undies in Marks & Spencer. What was your first ever salary as a lawyer? £12,000. What would you […]

Litigation Recent Decisions 13/08/96

Material difference other than sex justifying unequal pay British Coal Corporation v Smith & ors (1996). HL (Lords Keith, Browne-Wilkinson, Slynn, Steyn and Hoffmann) 22/5/96. Summary: Employer fails to discharge burden of proof that difference in pay between men and women employees was not because of the difference in sex. Appeal by British Coal Corporation […]

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