Insurers v intermediaries

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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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In brief: Wilde Sapte finance partner to join LeBoeuf

Wilde Sapte finance partner Bob Dibble is understood to be joining the London office of LeBoeuf Lamb Greene & MacRae. It is believed he was earlier talking to White & Case. LeBoeufs has also hired Cameron McKenna’s head of tax Anthony Concanon, who retired from Camerons at 55 and, at his request, will be “of […]

Trowers & Hamlin form first Western association in Jordan

Trowers & Hamlin has announced an association with Jordanian firm Ziad Khalifeh & Associates, the first for a Western firm in the country and the fifth in the region for Trowers. The move comes after Trowers and the Amman-based firm worked on a legislative review, paid for by the British Embassy, of the feasibility of […]

Bar hires actuaries to test reforms

The Bar Council has commissioned actuarial firm Watson Wyatt to investigate the cost to consumers of conditional fees, after accusing the Government of underestimating the value of success fees likely to be charged by lawyers. Dan Brennan QC, vice-chairman of the Bar Council, said he had commissioned the firm after informal talks with actuaries indicated […]

Restrictive covenants dispute

Lord Justices Swinton Thomas, Waller and Chadwick, have reserved judgment in an appeal by the University of Westminster against refusal by the Lands Tribunal of their application to discharge restrictive covenants on its premises situated in London’s Marylebone Road. In the appeal, Nicholas Taggart argued that the president of the Lands Tribunal had been wrong […]

In brief: Legal & Insurance scraps Lawplan scheme

Tunbridge Wells company Legal & Insurance (LIS) has pulled the plug on its mutual scheme Lawplan. The scheme, set up in 1994, was a precursor of “after the event” insurance schemes. Director Neil Mulroy said that the company had written to solicitors telling them that the claims fund was exhausted. “We’ve been let down by […]

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