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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

Lawrence Graham adds none to partnership

In an unusual move, mid-size City firm Lawrence Graham is making nobody up to partnership this coming financial year. Because of a demographic quirk, Lawrence Graham’s strict rule of considering only seven-year qualified assistants meant that none was in the frame for promotion. Senior partner Bill Richards said: “We had six internal promotions last year, […]

Ex-RHM legal head hires Bates Wells

RHM Foodbrands’ former interim legal head has instructed Bates Wells & Braithwaite to represent him in his legal dispute with the company, It is understood that Kevin Mutch has turned to Bates Wells’ head of employment William Garnet for advice after he claims he, and another lawyer, were made redundant by RHM. RHM declined to […]

The right thing

The heat is on for insurers to discuss policy details upfront and disclose any contingency commissions. Ashley Prebble on the FSA’s response to the Spitzer investigation The complaint against Marsh & McLennan filed by Eliot Spitzer in October last year turned the spotlight on business practices in the insurance industry. It opened the door to […]

Lovells boosts partnership by twelve

Lovells has elected 12 new partners with the bulk of the associates invited to join the partnership based in the firm’s overseas offices.The firm’s London, German and Asia practices produced three partners each. Meanwhile, Lovells’ Chicago, New York and Milan offices have each gained one new partner.The promotions are split fairly evenly between each of […]

Herbies gets £10m for DTI advice

Herbert Smith has racked up almost £10m in fees after advising the Department of Trade and Industry (DTI) on the launch of the Nuclear Decommissioning Authority (NDA). The firm pitched against a number of City rivals to scoop the two-year contract to advise the DTI on issues including the contractual framework needed to be put […]

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