In brief: Hoon names May as earliest reform date

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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

In brief: Irvine examining daily fee plan for litigants

The Lord Chancellor, Lord Irvine has revisited the idea of charging litigants a daily fee during court cases in order to discourage them from stringing out cases. The proposal, first raised by Lord Irvine’s predecessor, Lord Mackay, is contained in a “discussion paper” on court fees issued by the Lord Chancellor’s Department last Friday.

Linklaters-Schon Nolte split looms

Linklaters is close to splitting from its Frankfurt joint venture partner Schon Nolte Finkelnburg & Clemm in a move that would clear the way for a tie-up with leading German firm Oppenhoff & RAdler. Although Oppenhoff partners voted two weeks ago on co-operation with Linklaters, the firm is remaining tight-lipped about the result. A source […]

Lawyers “silent' over money laundering

Not enough lawyers are reporting suspicions of money laundering by clients, according to the Financial Action Task Force on Money Laundering (FATF). The OECD-backed agency, in its first report since it was set up last year, called for lawyers to be better trained to recognise suspicious transactions. The UK imposes obligations on lawyers to report […]

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Outraged judges say tape recorders not an option

The Lord Chancellor’s Department has outraged judges and barristers by proposing to replace court stenographers with tape recorders. A Court Service consultation paper issued last month proposed the introduction of tape recorders. It wants to abort an existing programme which has seen traditional shorthand typists replaced by a computer-assisted transcription system (CAT) in 177 of […]

Lawyers expected to “vary' Diana's will

Princess Diana’s will is to be made public this week and her lawyers are expected to apply to vary it to make it easier for the princes to inherit her estate. It is understood her current will, drafted before her divorce from the Prince of Wales, only allows the princes to inherit the estate when […]

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