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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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Lawyers going solo

Four solicitors give their very different views on how to develop conveyancing…Michael Garson is a partner at Phillip Hodges & Co and creator of IPSO. Much has been said and written in the last year about the opportunities for solicitors to become involved in the house transfer process. Effecting a sea-change in the composition of […]

Jones quits Edges for KPMG

Edge & Ellison senior partner Digby Jones the man who publicly committed the firm to a merger last year is to quit the legal profession in April to join Big Six accountancy firm KPMG in Birmingham. Both Jones and Edges insist he was not forced out of the practice. But, in an unusually candid statement, […]

Litigation firms to discuss tactics for tax reforms fight

LARGE litigation firms waging a campaign against proposed changes to the taxation of professional businesses will meet in private this week to draw up a plan of action. The firms aim to lobby the Inland Revenue over its plan to tax professional partnerships on work as it is done, rather than when payments are received. […]

Herbert Smith in Jakarta revamp

Herbert Smith has ended its 18-month association agreement with Jakarta firm Prof Dr Mariam Darus, Badrulzaram & Partners and formed a link with a new arrival on the Indonesian legal scene, Kramadibrata Karim Sani Manihuruk (KKSM). Herbert Smith’s resident lawyer in the Indonesian capital, Stefan Ricketts, has moved to KKSM’s offices in Jakarta where he […]

In brief: Initiatives could cut court wait for children

A report by the Crown Prosecution Service Inspectorate has recommended a series of initiatives which it claims could cut the time it takes for cases involving children to reach court by 10 weeks. The Director of Public Prosecutions, Dame Barbara Mills QC, is to draw up a plan of action based on the report, launched […]

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