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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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First in-house lawyer joins ERC Frankona

Reassurance specialist ERC Frankona has appointed its first in-house lawyer to oversee its newly consolidated company. John Titchener, a qualified barrister, joins the company from insurance broker Willis International where he worked for more than 10 years. Titchener says he was app-ointed because ERC Frankona is made up of a number of different companies which […]

Sullivans suffers first partner exit

US firm Sullivan & Cromwell has lost its first ever partner – to rivals Skadden Arps Slate Meagher & Flom. The Paris office of Skaddens is taking Pierre Servan-Schreiber, one of France’s leading M&A lawyers, from Sullivans to become joint head of the practice. He is one of the top lawyers in France and was […]

Six firms cut from panel as Sif prepares for end

The Solicitors Indemnity Fund (Sif) has cut its panel of law firms from 20 to 14 in preparation for its demise. Lovells, Pinsent Curtis and Morgan Cole are among the firms to survive the cull – at the expense of Blake Lapthorn, Ince & Co and others (see box). The panel rationalisation comes seven months […]

Susan Ward

Susan Ward is set to take the reins as general counsel at the London Clearing House. Fiona Callister enters her world of organised chaos. Susan Ward, soon to be the new general counsel at the London Clearing House (LCH), has a misleading but endearing air of chaos about her. Her office at the clearing house […]

OFGEM APPOINTS FIRST HEAD OF LEGAL

Leading competition and energy law partner Charles Bankes will join the Office of Gas and Electricity Markets (OFGEM) for two years on secondment to establish the role. The regulator currently has a panel of four firms – Simmons & Simmons, Denton Wilde Sapte, Nabarro Nathanson and Maclay Murray & Spens in Scotland. Bankes says he […]

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