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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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Miners dig in for a six-month legal battle

A major test case, which could extend the liability of industry to include work-induced lung diseases, is now in progress before a High Court judge in Wales and is expected to go on well into next year with further sittings in Sheffield and London. The action has been mounted by a group of eight former […]

Olswang puts on six Stones

Olswang has boosted its property department from four to six partners overnight by poaching almost half of Stones Porter’s property team. Two partners, two assistants and two secretaries are all going to Olswang. One of the two partners, Tim Westhead, had been at Stones Porter for 11 years; his colleague Martyn Needham joined in 1987 […]

CCT seen as potential career path cul-de-sac

Many young lawyers are choosing not to join local government organisations because they fear their career path may be cut short by compulsory competitive tendering. Peter Keith-Lucas, president of the newly merged Association of Council Secretaries and Solicitors, says the tendering of council legal services every five years means that many potential local government lawyers […]

Protecting the good name of lawyers

Image, the perennial problem for the legal profession, is particularly pertinent to personal injury lawyers, if the US experience is anything to go by. There, the excesses of lawyers, from ambulance chasing to touting for business at the scene of accidents, have managed to give the legal profession a rather sullied reputation. The consequent loss […]

Experts eye up legal aid reform

Lord Woolf’s proposals to reform court procedures have rightly been identified as of crucial importance to expert witnesses, yet the Government’s initiatives to reform legal aid could be equally significant. The cost of legal aid now stands at around £1.4bn, double what it was five years ago. As an entitlement-based scheme the overall cost of […]

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