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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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DEAL OF THE WEEK – LATTICE-NATIONAL GRID MERGER

Camerons and Linklaters on Lattice-National Grid merger. But which firm will become the top adviser to the merged company? CMS Cameron McKenna and Linklaters have scooped the key roles in the merger of Lattice and National Grid, which will create a transatlantic utilities giant worth around £14.8bn. Both firms are acting for long-term clients and […]

Norton Rose calls a halt to newbies' salary rises

Norton Rose is freezing the salaries of its newly qualified and trainee lawyers, following the example set by other top City firms last week Brendan Monaghan, Norton Rose deputy head of personnel, confirmed that all newly qualifieds had been informed that starting salaries would remain unchanged at £50,000 as of 1 May.Trainee lawyers’ pay has […]

Latham opens Italian office as London partner departs

Latham & Watkins is continuing to focus on Europe as it sets up its second office in Italy But as its Continental practice expands, the firm’s London office growth has stalled. It is losing acquisition finance partner Kevin Dunn, who is returning to GE Capital just over 18 months after joining the firm.Dunn, who is […]

Revealed: how Andersen abandoned its UK partners

Seven Andersen Legal partners hung out to dry; TJG in talks with Garretts team Six Garretts partners and Andersen Legal worldwide managing partner Tony Williams still face potentially ruinous US litigation over Enron. The Garretts partners are also Andersen Worldwide partners and so face class action claims, despite the fact that they had no real […]

KLegal gets a lift from SwissAir/CrossAir work

KPMG-linked KLegal has earned millions of pounds for employment law advice on the huge SwissAir/CrossAir restructuring The international employment relations division provided CrossAir with advice in 67 jurisdictions, bringing work to several other divisions of KPMG.A team led by the head of international employment relations Tim Johnson was appointed by CrossAir corporate counsel Gabriele Hoffman […]

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