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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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Bevan Ashford lands cut-price London base

Bevan Ashford is taking advantage of London’s soft property market after securing a bargain lease and hefty rent-free period for space at Fleet Place House. The Bristol-based firm is taking 22,000sq ft of space at the new office, bringing together its London sites, which are currently split across two different buildings. Bevan Ashford will pay […]

Freshfields’ Salz named as BBC vice chairman

Freshfields Bruckhaus Deringer senior partner Anthony Salz has emerged as vice chairman of the BBC. The surprise move sees Salz appointed to the role, working alongside chairman Michael Grade, for four years starting 1 August. He will continue in his role as co-senior partner at Freshfields alongside Konstantin Mettenheimer. Salz, who advised on the merger […]

Skadden brings in Chicago ace for Moscow post

Skadden Arps Slate Meagher & Flom has appointed joint heads for Moscow, drafting in Chicago-based project finance and M&A specialist Dmitri Kovalenko. He will become European counsel and co-head of the office along with resident lawyer Alexey Kiyashko. Partner Pranav Trivedi will continue to split his time between London and Moscow, advising on international corporate […]

Clarke Willmott in Equitable Life battle

Clarke Willmott’s financial services department is acting for 700 Equitable Life policyholders in fresh claims against the mutual society. The policyholders have formed an action group, Equitable Life Trapped Annuitants (ELTA), which two weeks ago launched an action for compensation for its reduced annuity rates. Class Law and Irwin Mitchell are acting on separate claims […]

Kirkpatrick mulls over LLP status for NGJ link-up

US firm Kirkpatrick & Lockhart is considering converting to a UK limited liability partnership (LLP) in London if its merger with Nicholson Graham & Jones (NGJ) goes ahead. As exclusively revealed on www.thelawyer.com on 15 July, NGJ and Kirkpatrick are in the final stages of discussions to form a merged entity that will be known […]

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