In brief: Cadwaladers scoops Weil Gotshal duo

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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

More partners quit Silverbeck Rymer

Two partners and two associates have quit Liverpool firm Silverbeck Rymer – which has now lost six partners, including four heads of department and four associates, in the past two months. Plaintiff litigation partner Keith Teare and associate Mark Bratherton – said to be the highest fee earner at the firm – have joined JST […]

Financings

John Russell of Simmons & Simmons is advising BAT Industries on its $3bn euro medium term note programme. Boyan Wells of Allen & Overy advised investment bank Dresdner Kleinwort Benson.

UN Resources Centre

The ABA has signed an agreement with the United Nations Development Programme to set up a Resources Centre for Technical Legal Assistance. International sector chair Bill Hannay said the deal meant that the ABA would provide countries that wanted to revamp their legal systems with resources, judges and lawyers.

Insurer sheds staff in relocation

After-the-event legal expenses insurer Litigation Protection (LPL) has laid off two staff at its London office, which is only being retained as a venue for business meetings. The company, headed by Brian Raincock, has moved all operations to its Arundel office. Two of the four staff were given seven days’ notice to quit and a […]

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