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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

Government stats reveal drop in US legal jobs

The US legal services industry has suffered the first significant year-on-year drop in employment in a decade. The most recent report from the US Bureau of Labour and Data Statistics, published today (Friday 7 November) shows that employment in the sector was down by 1.25 per cent in October 2008 compared with the same month […]

Howard Kennedy merges with DMA

Howard Kennedy has completed its second merger in as many months, despite making 46 redundancies earlier in the year. The firm has merged with London boutique DMA Legal after joining forces with personal injury boutique Douglas-Mann & Co at the start of September (The Lawyer, 1 September). In June, Howard Kennedy’s three-partner media practice left […]

Comrades! Witches! Wizards!

Comrades! Witches! Wizards! 31-October-2008 The forces of socialism and evil are uniting tonight to “dance on capitalism’s grave” outside the offices of A&O and Clifford Chance. The forces of socialism and evil are uniting tonight to “dance on capitalism’s grave” outside the offices of A&O and Clifford Chance (see story). The unlikely alliance of the […]

Cobbetts, Halliwells go in search of further cuts

North West firms Cobbetts and Halliwells have launched further redundancy consultations as they seek to cut costs in the face of a looming recession. Cobbetts is reviewing 28 support staff jobs, taking the potential number of redundancies at the North West firm since the start of the economic downturn to 69. Some 20 secretaries are […]

SJ Berwin settles on three US best friends

SJ Berwin has compiled a definitive list of US best friends after several years of planning, choosing to focus on its relationships with three firms. The firms on the roster are New York’s Paul Weiss Rifkind Wharton & Garrison, Silicon Valley’s Cooley Godward Kronish and Boston-headquartered Goodwin Procter. An SJ Berwin source said: “We looked […]

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