In brief: LAB defends block contract scheme

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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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Bar condemns 'offensive' advert in Pach handbook

AN ADVERT placed in the Pupillage Handbook by a leading set of chambers criticising the Bar’s controversial pupillage clearing house scheme has infuriated the Bar Council. In the advert, 2 Hare Court says it is not taking part in the Pach scheme because it is concerned that, in its current form, “it does not serve […]

LAB penalty plans could cost taxpayer in long term

PROPOSALS to pay solicitors less when high-cost legal aid cases are unsuccessful could ultimately cost the country more, the Legal Aid Practitioners Group (LAPG) has warned. In its report When the Price is High, published last Wednesday, the Legal Aid Board proposes to penalise solicitors who are unsuccessful in multiparty actions or other cases where […]

Comply with us

A major revelation at Asim’s agm was the joint discussions with the Law Society over regulation, reports Mary Heaney. At ASIM’s recent annual general meeting, the Law Society and Asim were shown to be working together in order to agree standard documentation for compliance. Stuart Bushell, head of investment business regulation at the Office for […]

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