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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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Cleary Gottlieb appoints new managing partner

Corporate lawyer, Karasz – who joined the firm in 1967 – replaces Ned Stiles who held the post for 12 years. Karasz ran the firm’s Paris office for five years and more recently has been concentrating on transnational joint venture schemes in the US, Latin America and Europe. He has worked extensively on cross-border transactions […]

LCD plans special enforcers for debt collection

An LCD consultation paper suggests giving enforcers powers to find out about debtors’ assets from third parties and pursue ways of enforcing court decisions. Creditors must currently rely on a debtor’s willingness to reveal their assets, with little redress available if they refuse to co-operate. Officials are seeking a way to obtain such information from […]

Finers Stephens Innocent in further expansion

Michael Lewis will head up Finers Stephens Innocent’s private client department, while Michael Kutner joins the property department, Alan Kaufman the family division, Peter Carter the corporate department and Howard Zetter the commercial litigation department. The five will join as partners on 31 January, along with six other fee earners. Finers’ managing partner, Richard Gerstein […]

Regulatory maze hits merger hopefuls

The New York firm’s survey of 99 jurisdictions shows that companies planning global deals face a mass of new, and often inconsistent regulations. More than 50 countries now have merger notification rules, 40 countries have introduced new merger control regulations in the past decade and many countries have revamped their competition laws in the last […]

Bernstein bags rival's managing partner

Alan Schulman, the head of Milberg Weiss Bershad Hynes & Lerach’s three West Coast offices for the past five years, has defected to Bernstein Litowitz and set up shop in San Diego. A member of Milberg Weiss’s executive committee for the last ten years, Schulman says Bernstein’s success in gaining institutional investors as clients was […]

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