In brief: Simmons helps out communities body

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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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Litigation Writs 19/11/96

Three new writs have been issued in the growing number of claims against the Medical Research Council and the Secretary of State over growth hormone treatment alleged to have caused, or alleged to have posed a threat of causing, CJD. The latest writs were issued by Steven Woodcock of Lancashire, Jacqueline McCollin of Middlesex, and […]

Fast track gets piloted after U-turn by Woolf

Lord Woolf has indicated that his proposed fast track for cases in the county courts will be piloted after all, despite his initial objections. Despite constant lobbying from the Law Society, the Legal Action Group, the Association of Personal Injury Lawyers and other professional bodies, neither Lord Woolf, nor the Lord Chancellor Lord Mackay had […]

Property

Lovell White Durrant acted for property company Stakis on its £327m acquisition of Metropole Hotels from Lonrho. The deal was part funded by a £222m rights issue which used an innovative new scheme by inviting sub-underwriters to tender for a third of the issue at lower than standard 1.5 per cent fees.

Property

Eversheds acted for Amec Developments in securing the Independent Insurance Company’s commitment to occupy a proposed 105,000sq ft office at the Cheadle Royal business park, Manchester.

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Leading light jailed for fraud

A FORMER Richards Butler solicitor who campaigned for two prominent young solicitors’ groups has been imprisoned for 18 months and struck off the solicitors’ roll after he stole more than £160,000 of clients’ money to support his gambling addiction. David Edwards, who worked at committee level in the European Young Bar Association and Young London […]

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