Law Soc welcomes EU-US free tade area with trepidation

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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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Linklaters gets $800m strike-out

Linklaters has won a round for client Ernst & Young in its battle with the BCCI liquidator, Deloitte & Touche which is being represented by Lovell White Durrant following Mr Justice Laddie’s strike-out of $800m from a $3.4bn negligence claim. Judge Laddie struck out another $1.8bn of the claim last year, but it was reinstated […]

Civil Justice Council to probe impact of switch from legal aid to conditional fees

LAWYERS’ fears that the switch from legal aid funding to conditional fees in personal injury cases will deny justice to litigants are to be investigated by the Lord Chancellor’s new advisory body, the Civil Justice Council. The 22-member council, which held its inaugural meeting on 20 March, is to set up a sub-committee to consider […]

Mathews offers LGG bittersweet symphony. Michael Mathews' speech at the Local Government Group conference was both reassuring and disturbing for members, writes Chris Fogarty

Before Law Society vice-president Michael Mathews stood up to make his after-dinner speech, his audience at the Local Government Group (LGG) conference had been anxious over the society’s plans for local government lawyers. But by the time he sat down, they were seething with anger. The audience had been expecting Mathews to address fears that […]

Stones swallows fellow Exeter practice

FOURTEEN-partner commercial Exeter firm Stones is swallowing up its five-partner neighbour Cann & Hallett. David Cox, practice manager at Canns, said the main reason for the move was the “tremendous competition” in the region. The new firm Stones Cann & Hallett will have 16 partners and 40 other fee earners, and will have offices in […]

Innovating for a secure future

Guernsey is introducing progressive legislation to keep it at the forefront of financial services provision. Chris bound and Sean Cheong explain the latest raft of laws A modern and progressive body of law is critical to the delivery of high-quality offshore financial services. Guernsey has recently made substantial progress in this area, most notably by […]

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