In brief: Govt welcomes EU family convention

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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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Lawyers lobby US over international court fears

A lawyers’ human rights lobby has written to US President Bill Clinton warning him that the US government’s proposed restrictions on an international criminal court (ICC) threaten to undermine its independence. The 15 leading US lawyers, members of the national council of the Washington-based Lawyers Committee for Human Rights, urge Clinton to “make certain that […]

Continental merger creates first “truly European firm'

Leading continental firm Stibbe Simont Monahan Duhot is to merge with 140-lawyer German practice Gleiss Lutz Hootz Hirsch to form what it claims is the first “truly European firm”. However, the merged firm will still have no UK law capacity and it said a tie-up with an Anglo-Saxon firm will be the next priority. The […]

“Super ombudsman' may weaken complaints system

The plan to create a new financial services “super-ombudsman” could lead to the sort of formal court procedures and lawyer involvement in complaints that the ombudsmen were set up to avoid, investment ombudsman Peter Dean has warned. The Financial Services Authority set up a steering group in April to bring all financial services ombudsmen into […]

Chinese govt rules out hiring by foreign firms

THE CHINESE government has dashed hopes that it is preparing to allow international firms to exploit the potentially huge Chinese market by hiring local lawyers. China is under pressure from the US and EU to lift its ban on the employment of locally qualified lawyers by international firms before it can join the World Trade […]

Mussel catcher shows his strength in court

A fisherman who claims his business was ruined by pollution is suing South West Water for damages, reports Roger Pearson Mr justice Carnwath has given permission for a High Court test case against South West Water over alleged sewage pollution of the seas off north Devon. But in doing so, Judge Carnwath has blocked moves […]

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