In brief: Tax supremo, Riches, moves to Withers

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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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Strike over court computers settles

The five-month industrial dispute by Court Service Union members has been settled after agreement between Courts Services Agency chief executive Michael Huebner and unions. The dispute arose over plans by the Lord Chancellor’s Department to “privatise” court computer systems under the controversial Private Finance Initiative (PFI). Union members were worried such a move would undermine […]

Snapshot of a profession in turmoil

A survey undertaken by The Lawyer has revealed a disenchanted and demoralised mood among solicitors at the outset of their career, with a high proportion having regrets about their choice of career and a large percentage having seriously considered a career change. The survey, carried out in February by a self-completion questionnaire sent to readers […]

Financings

Herbert Smith acted for Securicor in connection with proposals designed to unify the group with its subsidiary

In brief: Talks focus on new legal aid rules

District judge Dick Greenslade, assessor to the Woolf committee, and Professor John Baldwin, director of the Institute of Judicial Administration and Professor of judicial administration at Birmingham University, were the lead speakers at an ‘Access to Justice’ conference held at the end of last month. The event, organised by the National Council for Access to […]

The German eagle lands at Gray's Inn

A VISIT by German President Professor Dr Roman Herzog to Gray’s Inn on 29 April was preceded by a flypast from an escaped eagle, symbol of the Federal Republic of Germany. The bird had apparently escaped from its handler during a pop video shoot in nearby King’s Cross the day before and was successfully recaptured […]

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