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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 […]

Recommended

Success fees set to soar

Lawyers can expect a massive hike in success fees as a result of government plans to include them in the costs paid by losing defendants, according to leading personal injury lawyer Martyn Day. Speaking at the first Institute of Barristers’ Clerks conference, held on 18 July, Day predicted the reform, which seems likely to be […]

SIF faces test case challenge. By Shaun Pye

A SOLE practitioner has applied to the High Court for leave to challenge his Solicitors Indemnity Fund (SIF) bill. If Portsmouth-based sole practitioner Michael Dalton wins leave to judicially review the Law Society, when his application is heard in August, it will be the first time that SIF has faced such a challenge. Dalton’s application […]

Focus: Television justice. Shortfalls of a TV plea

Vera Baird asks whether Clear My Name can be more than entertainment. Vera Baird is a criminal barrister at 14 Tooks Court.That the team who made Channel 4’s Trial and Error sought to correct miscarriages of justice is beyond question. The series highlighted the cases of Sheila Bowler, released from a life sentence for the […]

Forsters puts its faith in Norwel for August launch. By Elizabeth Davidson

NEW commercial firm Forsters is celebrating the installation of a practice management system in time for its 1 August launch – just six weeks after the system was first commissioned. The 60-lawyer practice – created by 11 Frere Cholmeley Bischoff partners who decided not to take part in Freres’ merger with Eversheds – chose the […]

English law repo market under threat

A looming rift between two capital markets regulators is threatening the position of London as the centre for resolving disputes in repo transactions. The row concerns the standard contract used to govern repo market deals. The International Securities Market Association (ISMA), with some 770 corporate members in 51 countries, believes that its own six-year-old master […]

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