In brief: Wright quits LCD to debate on political reform

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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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Lower insolvency fees not the answer

Chris Mallon says the Ferris report is surprisingly good news for practitioners. Chris Mallon is head of insolvency at Biddle. July 1997 was not a particularly good month for insolvency practitioners. In a Luxembourg judgment, the liquidators of the Bank of Credit and Commerce International (BCCI) had their fees for the gestion controllee reduced substantially. […]

Acca to take MDP stance at Versailles conference

The European chapter of the American Corporate Counsel Association (Acca) – the world’s largest association of in-house legal counsel with 11,000 members – is to debate whether to take a stand against multidisciplinary partnerships (MDPs). Acca will tackle the thorny issue at its fifth annual European conference, which is being held on 5-6 October in […]

Property

David Wright of Nabarro Nathanson advised Swedish property company LE Lundbergforetagen on its £22m sale of Crown House, 51 Aldwych, London to a private German investor, advised by Geoffrey Bailey of Linklaters.

Asylum seeker gains Lords appeal plea

Roger Pearson reports on a Libyan man’s ongoing battle to seek asylum and rights to social security benefits in the UK. The rights of asylum seekers to social security are to come under House of Lords scrutiny in a pending appeal involving a Libyan man. Fathi Saleh Salem arrived at Heathrow on 17 April 1997 […]

Solo lawyers not to blame

My attention has been drawn to a piece in The Lawyer (8 September) which refers to an article under my name in the magazine Solo – published by the Sole Practitioners Group for its members. The Lawyer piece implied that I was suggesting that sole practitioners are most guilty of negligence and incompetent conveyancing. However, […]

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