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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 […]

Recommended

Company law in need of renovation

Robin Potts QC, barrister, Erskine Chambers Peter Charlton, partner, Clifford Chance Peter Graham, head of company department, Paisner & Co Company law is out of date, over-complicated and bears little relation to modern commercial reality. So says the Government’s company law review steering group. The review committee, led by the Department of Trade and Industry, […]

Reuters

In 1851, German-born immigrant Paul Julius Reuter opened an office in the City of London to transmit stock prices between London and Paris via the new Calais-Dover cable. Reuter’s innovative use of technology – two years earlier, he had been using carrier pigeons – has remained a core value of the global news and financial […]

Ignoring world wide webs

City firms appear to be hell-bent on conquering the world. But as Linklaters & Alliance, Cameron McKenna and others march towards global domination, many in-house counsel say that world-wide presence is not a deciding factor when instructing firms for overseas work. David Jackson, company secretary and general counsel at PowerGen, says it “makes no difference” […]

Indemnity issue is about choice

Elizabeth Mullins entirely misses the point in her letter (The Lawyer 15 March) in which she demands an explanation of a “vested interest”. In common law it is generally unnecessary to establish the presence of actual bias – it is enough to establish that a reasonable person, acquainted with the circumstances, would have reasonable grounds […]

Cobbetts snatches Dibbs' DTI contract

THE Department of Trade & Industry has dropped Dibb Lupton Alsop and awarded a lucrative insolvency contract to Dickinson Dees and Cobbetts. Dibbs lost the £1m contract – under which the firm represented the DTI when it disqualified company directors – after it was put out to tender at the beginning of the year. Michael […]

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