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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

EU reforms give the all-clear for electronic documentation

Reforms to the EU’s company law regime that take account of the development of electronic communications have been approved by the EU Council of Ministers. The changes require member states to permit from 2007 the filing of official documents electronically. They also allow electronic copies of company documents to be obtained, governments to establish internet […]

Too little too late

Is a solicitor guilty of negligence if a new judgment means old advice is now wrong? Simon Monty QC reports on how the law can change while a case is ongoing What should a solicitor do when a new decision impinges on advice already given in litigation? What if counsel gives advice that is affected […]

GLA picks Wragges for panel

Wragge & Co has won a place on the Greater London Authority’s (GLA) legal panel, scooping instructions to advise it in connection with London’s bid to host the 2012 Olympic Games. The instruction, following a beauty parade, is a major coup for Wragges. One source said that the firm’s success in the tender process was […]

Premiums to soar as post-SIF honeymoon ends

After three years of cheap cover on the open market, law firms this year will pay more for their primary-level insurance than they did in the year that the Solicitors Indemnity Fund (SIF) collapsed. The total contribution law firms will pay this September for their first £1m of cover is predicted to rise by 20 […]

A&O champions poor on water privatisation deals

The treatment of poor people by banks involved in water privatisation projects in developing countries is at the centre of influential recommendations drawn up by Allen & Overy (A&O) lawyers on a pro bono basis. Some of the ideas were presented by the firm’s London-based projects partner Jeff Delmon at the Kyoto conference in Japan […]

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