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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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Punders partners to vote early over CC merger bid

Punder Volhard Weber & Axster, the third largest German firm, will bring forward the date of its annual partners meeting to next month so it can rush through its vote on the merger with Clifford Chance. Clifford Chance partners, who voted over the weekend, were expected to approve the merger with Punders and US firm […]

Weightmans heads for Leeds

Liverpool-based Weightmans is to open offices in Leeds and Bristol, following its recent expansion into Manchester. The firm, which specialises in insurance work, announced its intention to become a national firm in February following the opening of the Manchester office. The office had been formed from the consolidation of insurance companies, which led to many […]

Sport

Dickinson Dees partner Simon Watts and associate solicitor Peter Clark advised Newcastle Rugby Football Club in the acquisition of a major shareholding by the trustees for Newcastle Gosforth. The team also advised the company on its refinancing by private investor David Thompson, represented by senior partner John Reid of Northshields firm Stockdale & Reid. The […]

Eversheds loses deputy private head

Eversheds’ Newcastle office has lost the deputy head of its private client department after 23 years at the firm. Kristin Andersen agreed to leave the firm in May but remains as consultant for a one year handover period. Andersen, who is now setting up his own practice, says: “We decided on my leaving by mutual […]

In brief: Dibb Lupton Alsop

Dibb Lupton Alsop is acting for boxing promoter Frank Warren, who is suing his former solicitors Park Nelson. The claim, which is expected to run into millions of pounds, is for advice given when Warren entered into joint venture agreements with US boxing promoter Don King.

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