In brief: IBA head praises response to appeal

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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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Oman forces foreign firms to link up with domestic lawyers>

Foreign firms in Oman are to lose their independent status under a new law which will force them into joint ownership with local lawyers. A decree issued in December by His Majesty Sultan Qaboos limits the duration of licences of foreign legal consultancy offices to three years after the date the law comes into effect, […]

Family law scheme gets Law Soc green light

The Law Society has agreed to press ahead with an accreditation scheme for family lawyers which could be in operation by the start of next year. But the scheme, which will give accreditation on the basis of reasonable competence, has been dismissed by the Solicitors Family Law Association (SFLA) as “not worth having”. The proposed […]

City bias hinders youth job scheme

The doors to city law firms remain closed to graduates with the wrong postcode, from ethnic minorities or with non-Oxbridge degrees, according to an urban regeneration agency, Bethnal Green City Challenge. The agency is running a graduate programme designed to help graduates from the Spitalfields area of East London find employment. But although 40 graduates […]

The Lawyer Inquiry: Lawrence Davies

Lawrence Davies was born in Oxford on 30 July 1966. He now lives in London and is solicitor advocate at the North Lambeth Law Centre. What was your first job? Research assistant at the Law Commission. What was your first ever salary as a lawyer? £16,000 (McKenna & Co). What would you have done if […]

Law Soc approves costs code

The Law Society has approved plans to impose a client care and costs information code on its members, in a bid to clarify the duty of solicitors to provide clients with clear information on costs. Solicitors are currently required by a written professional standard to provide clear costs information. But the society standards and guidance […]

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