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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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Careesrs: In brief

Manchester firm Antony Hodari & Co has introduced an HR service designed to help staff effectively manage personal issues arising outside the office. The firm, which employs more than 100 staff, has partnered with Validium, the integrated employee assistance programme (EAP) provider and specialist HR support consultancy, to provide staff with an EAP. The programme […]

Euroclear gifts Wragges first instruction on IT outsourcing

Wragges first instruction on IT outsourcing” />Wragge & Co’s outsourcing practice has scored a massive coup by advising new client Euroclear, Europe’s largest securities settlement house, on the IT and outsourcing elements of its group restructuring. Euroclear has traditionally used Slaughter and May and Travers Smith for corporate and regulatory work in the UK, but turned to Wragges’ specialist […]

Hammonds’ new cleaner gets his mop out

Sometimes the job of a managing partner bears more than a passing resemblance to the role of Victor the Cleaner in Luc Besson’s French classic Nikita. Some of us would pay good money to see Peter Crossley donning a plastic overcoat and dragging an acid bath into a Hammonds partners’ meeting to clean up the […]

Bryan Cave shrugs off 2004’s turnover drop

US firm Bryan Cave’s 2004 revenues have dropped slightly on its record 2003 but firm chairman Don Lents has claimed the year was still a success as 2003’s figures included a massive success fee. Gross revenue for 2004 was $374m (£196m) down 2.6 per cent from $384m (£201.2m) in 2003. Profit per equity partner (PEP) […]

DLA Piper boosts Asia team with hire from CLP

DLA Piper Rudnick Gray Cary has raided Hong Kong-based power company CLP to boost its Asian project finance practice. John Yeap (left), CLP’s director of group development, is joining DLA Piper to head the firm’s project finance group. Yeap, who will be based in DLA Piper’s Hong Kong office, has gained a combination of senior […]

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