Hard lessons of the UK-US marriage

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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: LAB rapped over correspondence handling

The Parliamentary Ombudsman, Sir William Reid, has criticised the Legal Aid Board’s handling of correspondence. Referring to a complaint that the LAB was evasive and dishonest in its handling of solicitors’ correspondence, he said last week: “Delays occurred in associating letters with the file and in replying to correspondence, and points raised by the solicitors, […]

City scooping millions in global construction

City firms continue to scoop millions of pounds in fees from infrastructure contracts award-ed to consortia for projects in countries as far flung as India and Peru. International project finance has been booming for several years, although some partners report a levelling off of activity in recent months. But criticism of the the UK’s private […]

Litigation Writs 16/07/96

Colchester man Matthew Quinn has launched a High Court compensation claim in which he is suing Essex police for damages for alleged assault and battery. Quinn seeks damages, including aggravated and exemplary damages, for alleged assault, battery, false imprisonment and malicious prosecution. His writ says the claim is a due to police actions on and […]

US recruit to add clout to Freshfields

City firm Freshfields has recruited senior US lawyer Kent Rowey to its international project finance unit in London in response to growing competition from rivals. US and UK firms have increasingly seen marketing in-house American and British legal expertise as a way of attracting clients. Freshfields partner Simon Hall said: “Having both a British and […]

Navy nurse's dismissal claim

A sacked Royal Navy nurse is heading for the European Court of Justice with a test case aimed at outlawing the UK’s blanket ban on gay service personnel. Mr Justice Sedley ruled there is at least an “arguable” case that the sacking of 27-year-old Terence Perkins, contravened European law provisions of equal treatment and gave […]

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