Law and accountants survey finds firms predicting gloom

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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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Negative image of sole practitioners challenged

Solicitors working on their own are unfairly labelled as dishonest and incompetent by both the public and the legal profession, said newly appointed Sole Practitioners Group chairman Tim Readman. A sole practitioner for 16 years, Readman claimed the publishing in the legal and national press of a few high-profile cases of sole practitioners behaving badly […]

In brief: Help at hand for practitioners on the edge

A charity aiming to help solicitors with stress, alcohol or drug abuse and other problems will be launched on 13 May. SolCare has been set up with the full backing of the Law Society and Solicitors Indemnity Fund to help solicitors needing advice.

Property

Ashurst Morris Crisp acted for the Post Office in its agreement with AMP Asset Management on its construction of the Royal Mail’s £20m, 221,000sqft Gatwick Mail Centre. The Post Office will take a 20-year lease on the new building.

Nelsons incorporates its insurance section

Nottingham law firm Nelsons has split off its commercial insurance service into a separate company to allow the expansion of what the practice claims is a unique service. The firm believes it is the only practice to have an insurance arm that focuses on commercial insurance and is not tied to any particular insurance company. […]

Fee group pushes for reviews

A newly-formed alliance of pressure groups set up to campaign against the recent hike in civil court fees, is seeking cases for judicial review to get the increases abolished. The initiative follows a successful judicial review last March which led to the reintroduction of exemption or remission of High Court and County court fees for […]

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