In brief: New scheme subjects shoplifters to civil action

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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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Law Society hoping for 'triumph not debacle' over indemnity fund

While it may be very exciting to portray the debate about the future of SIF as a battle between the Law Society and City firms – Law Soc surrenders over SIF (14 September) – the truth is far less entertaining. The Law Society is open-minded about the future of professional indemnity pending the outcome of […]

Ashurst Morris Crisp elects Green to steady the ship

Geoffrey Green, a leading advocate of Ashurst Morris Crisp’s failed attempt to merge with Clifford Chance, has been elected senior partner. Green, previously head of corporate, was seen as the obvious candidate to replace Andrew Soundy and beat off the challenge of a number of other candidates thought to include former banking head John May. […]

Law Society in the dock

For the profession to have responded imaginatively to the challenge posed by Diana’s death, it would have needed some leadership. But the Law Society is currently in no state to step into this particular breach. Its total failure to make any attempt to co-ordinate the profession’s pro bono activities is legendary. This week The Lawyer […]

Y2K could see mass escape

I am on the panel of the first “virtual” millennium bug telephone conference for lawyers, taking place on 23 September. The event – sponsored by the DTI Action 2000 team, BT and The Lawyer – should prove valuable, particularly for those who see the hassle and expense of time away from the office as the […]

Government must untangle CFA and human rights web

MP Edward Garnier QC says the Government has its work cut out if it is to clear up the often confused and uninspiring legislation Geoff Hoon, the Minister of State at the Lord Chancellor’s Department (LCD), has probably had enough of the parliamentary questions I have asked him about legal expenses insurance. If conditional fee […]

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