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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 […]

Recommended

UK barrister claims two solicitors lied in affidavits

AN ENGLISH barrister who is suing US corporation Exxon in a Florida court has accused two UK City solicitors of lying in affidavits they submitted to it. Barrister Michael Ford makes the allegation – against Guy Hardaker, from Holman Fenwick & Willan, and Patrick Sherrington, at Lovell White Durrant – in a motion filed in […]

Star culture lives on at the Bar

Despite the trend for City firms to handle a growing amount of advocacy-related work themselves, the role of the commercial Bar heavyweight remains undiminished. To describe the top silks in this broad area of law is to focus on superlatives. “They have got to be bright, with an encyclopaedic knowledge of commercial law, and a […]

Meeting the EU challenge

A new handbook for the Bar sets out to help lawyers with European Union law, says Nicholas Green QC. Nicholas Green QC is a barrister at Brick Court Chambers. European law represents an enormous challenge for all lawyers. But many lawyers have only a half-knowledge of aspects of EU law relevant to their practices, while […]

Charterer maintains course over contract

The Appeal Court is set to decide whether a charterer was entitled to invoke its cancellation clause, reports Roger Pearson. Judgment is now pending in a case of considerable significance in the shipping world. It centres on the rights of charterers to cancel charterparties. A finding by Mr Justice Mance in the High Court on […]

Is the law a class act?

Michael James is a barrister at Enterprise Chambers. Lawyers cannot stop worrying about class distinction, says Michael James. Cherie Booth’s call last year for the Bar to be more open to working class applicants came a few days after one television comedian described her learned friends as “posh tosspots with wigs”. Is class still an […]

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