In brief: Four new partners at Palmer Wheeldon

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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: Rowe & Maw appoints managing partner

Rowe & Maw’s head of litigation and dispute resolution group, Andrew Carruthers, takes over from Richard Powles as managing partner on 1 May. Powles, who was managing partners for six years, will now head the firm’s private client department. A spokesman from the firm said it had followed a “growing trend” among major law firms […]

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Who reigns over the regions?

When it comes to acclaim for criminal barristers in the regions, Matheu Swallow finds that there is no north-south divide The provincial criminal Bar comes highly acclaimed from north to south, with solicitors praising the ability of many barristers to work as part of the team. Wales is said to be very fortunate in having […]

Property

Linklaters and Paisner & Co advised BL Universal on a £300m long-term debenture issue secured on selected properties in its portfolio. Freshfields advised lead manager SBC Warburg Dillon Read and debenture trustee Royal Exchange Trust Company.

Supermarket site scuffle

Mr Justice Jowitt has given leave for Carter Commercial Developments to seek review of the Secretary of State for the Environment’s decision not to call in for his determination an application by Safeway to Teesdale District Council for consent to build a supermarket. Carters are to build a supermarket nearby and argue that Safeway’s site […]

Lawyers are losing out in China talks, warn EU/US negotiations

Law firms in China are losing out to the Big Six accountancy firms in the fight to reduce restrictions on practising in China, according to negotiators from the EU and US. At meetings in Geneva earlier this month, the Chinese accepted US and EU demands that the accountants be able to offer a full range […]

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