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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

Litigation Personal Injury 28/10/97

Binks v Maken and anor CA 8 October 1997 Claimant: Louis Binks Incident: Alleged medical negligence Injuries: Three-year-old released from Bristol Childrens Hospital after treatment for kidney tumour. Left suffering mental handicaps so severe he will need round-the-clock care for the rest of his life. Claim for damages on basis that his mental handicap was […]

Property

David Conway & Co advised AIM-listed Trocadero on its u210m sale of the Trocadero Centre and London Pavilion to Berford Holdings.

Litigation Recent Decisions 28/10/97

Prolonging litigation puts costs at risk Sugar v (1) Venables (2) Michael Joseph (1997) Court: CA (Simon Brown LJ, Schiemann LJ, Robert Walker LJ) 17/10/9Appearances: Michael Beloff QC and Victoria Sharp instructed by Herbert Smith for the appellant. James Price QC instructed by Clifford Chance for the respondent. Summary: A plaintiff who had prolonged litigation […]

Property

Macfarlanes advised Legal & General on the establishment of a limited partnership with Scottish Widows, advised by Freshfields, and Norwich Union, advised in-house. The partnership has been formed to invest in industrial property and Legal & General Investment Management has been appointed fund manager.

SIF management should be farmed out to private sector

THE management of the Solicitors Indemnity Fund (SIF) should be farmed out to the private sector, argued Law Society treasurer Robert Sayer. Sayer has told The Lawyer that private firms specialising in running mutual funds should be invited to tender for the responsibility of managing SIF. There are around half a dozen specialist mutual fund […]

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