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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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Novell launches rival office suite in bid to capture legal market

Fennell Betson reports In reply to Microsoft’s attack on the legal marketplace, Novell UK has introduced PerfectOffice Legal Suite. This is a version of its PerfectOffice 3.0 package recently launched for the general business market. The software group has joined with Laserform to provide its legal forms package and includes access to Link, the legal […]

First firms fail franchise audit tests

TWO London franchise holders have been suspended by the Legal Aid Board after failing their first post-contract audits. Legal Aid Board chief executive Stephen Orchard says the firms now have three months to put things right or face the termination of their contracts. He says the suspensions will serve as a warning to other firms […]

Insurance whiz joins Wilde Sapte

Wilde Sapte has taken on Professor Robert Merkin, a leading legal academic in insurance, as a consultant. Merkin is now attached to the firm’s insurance practice, and has a remit to deal with business development and training. Merkin will shortly become Professor of Commercial Law at Cardiff Law School. He is best-known for writing Colinvaux […]

Mishcons raids property firm

LONDON firm Mishcon De Reya is taking on four lawyers from the West End property firm Rabin Leacock Lipman. But at the same time four Mishcons equity partners are leaving: Brian Hepworth (litigation), Peter Armstrong (media), Graham Stedman and Paul Salmon (company). The Rabin Leacock move is Mishcon’s second acquisition of property lawyers in a […]

Coleclough gets Simmons top tax post

Simmons & Simmons tax partner Stephen Coleclough gets the top departmental job as head of corporate tax following the departure of Edward Troup. Coleclough is also appointed chairman of the Chartered Institute of Taxation’s indirect taxes sub-committee. Coleclough, 33, has been with the firm since 1987 and a partner since 1991. He currently heads the […]

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