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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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Jersey quandary over tax directive

The Jersey government has announced its intention to introduce legislation that will mean EU residents who invest on the island will no longer be exempt from tax payments in their native country However, there is concern on the island that if it enacts the proposed legislation while some EU member states do not, then Jersey […]

Grimaldi forces CC out of Rome office

Italian practice splinters as rebel faction quits; CC in management compromise Clifford Chance is facing eviction from its Rome office after finally negotiating terms for the exit of Vittorio Grimaldi, four other partners and 26 other lawyers from the firm in Italy.The exit agreement ends months of embarrassing uncertainty for Clifford Chance, but it has […]

Hackney creates new legal position for recruit

The London Borough of Hackney has created a new role of directorate of law and probity that will be filled by Meic Sullivan-Gould Sullivan-Gould was previously secretary and solicitor at Basingstoke and Deane Borough Council and has been treasurer of the Association of Council Secretaries and Solicitors since 1996.

Norton Rose forms mmO2 relationship

Norton Rose is muscling in on mmO2’s informal panel of legal advisers The firm has been instructed on a corporate finance deal for the demerged fixed and wireless division of BT, which could result in Norton Rose gaining more corporate finance work for the company in the future.mmO2, still a fairly new entity having only […]

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McDonald's suffers its own Macattack

Fast food giant McDonald’s has been challenged to a High Court battle by a commercial artist who claims that the burger chain’s use of corporate logos is in “flagrant breach of copyright” Allen & Overy (A&O) is acting on behalf of designer and cartoonist Don Evans, whose drawings of Ronald McDonald and the Ham-burglar have […]

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